Executive Director - Market Risk (Risk Management) - Commodities

$165,000 - $275,000/Yr

Morgan Stanley - New York, NY

Full-time - Executive

New York, NY

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Executive Director of Market Risk in the Commodities division is a senior leadership role based in New York, responsible for overseeing market risk management for various commodity products, with a primary focus on North American power and gas. This position involves extensive collaboration with trading teams, risk functions, and IT, emphasizing day-to-day risk management, scenario analysis, and stress testing. The candidate will lead a team of risk managers and ensure effective communication and risk representation across the organization.

Responsibilities

• Analyze structured transactions and complex client trades in commodities markets, providing necessary approvals.
• Lead the commodities market risk team, proactively strategizing risk analyses of structured transactions.
• Maintain ongoing communication with commodities trading desks regarding trading strategies and risk representation.
• Collaborate with the trading desk, risk infrastructure team, and market risk technology to ensure timely and accurate risk management.
• Escalate key risks to management with relevant ad-hoc analysis promptly.
• Work with the MRD commodities coverage team to implement CCAR level shocks and related analyses.
• Manage and lead a small team of junior analysts and associates.

Requirements

• Experience in commodities market risk management, particularly in North American Power & Gas markets.
• Advanced degree in economics, finance, or engineering.
• Strong leadership and management skills.
• Excellent communication skills for delivering clear risk presentations to senior management.
• Familiarity with VaR calculations, stress testing, and scenario analysis for commodity products.
• Attention to detail and strong project management skills.
• Good judgment of risks and understanding of commodities markets, especially power & gas.
• Strong quantitative and technical skills (e.g., SQL, R, Matlab, Excel).
• Proficiency in MS Office applications (PowerPoint, Excel, Word).
• Exceptional organizational skills and analytical thinking.

Nice-to-haves

• FRM or ERP certification

Benefits

• Commission earnings
• Incentive compensation
• Discretionary bonuses
• Short and long-term incentive packages
• Morgan Stanley sponsored benefit programs