Morgan Stanley
Executive Director - Market Risk COO

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Firm Risk Management (FRM) supports Morgan Stanley to achieve its business goals by partnering with business units across the Firm to realize efficient risk-adjusted returns, acting as a strategic advisor to the Board and protecting the Firm from exposure to losses as a result of credit, market, liquidity, operational, model and other risks.
The Executive Director - Market Risk COO role sits in FRM Market Risk. Market Risk Management Division (MRD) independently identifies, analyses, reports and escalates market risk across EMEA, providing robust challenge to the business. The team spans Risk Managers, Stress Testing, Legal Entity Portfolio, Projects and Middle Office (data management).
Primary Responsibilities
- Partner with the EMEA & UK Head of Market Risk to set and drive the department's operating agenda, governance and execution discipline.
- Create crisp leadership materials (business plans, offsites, townhalls, Board and senior management updates).
- Lead and coordinate priority change across MRD (strategic initiatives, regulatory deliverables, remediation).
- Own delivery of the EMEA MRD Non-Financial Risk Assessment (NFRA), aligning with global and regional partners.
- Manage the Budapest MRD COO team; connect execution across the global MRD COO network.
- Run the people agenda; workforce planning, onboarding/offboarding, training, talent development and headcount governance.
- Own audit readiness and control testing; drive timely, sustainable closure of findings.
- Strengthen the MRD policy and procedures framework to keep pace with business, regulatory and operating-model change.
- Own the EMEA MRD outsourcing framework, ensuring governance, oversight and regulatory compliance.
- Own EMEA MRD budget planning, forecasting and cost discipline.
- Lead Business Continuity planning for the region, meeting firmwide standards and local requirements.
- Act as EMEA MRD Security Officer, maintaining entitlements and access controls within the market risk governance framework.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.
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Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
See breakdownIt searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
FRM is committed to creating and providing opportunities that enable our workforce to reflect diverse backgrounds and views.
Experience
- Bachelor's degree (or equivalent).
- 5+ years in risk management/COO, preferably within market risk or a front-office risk function.
- Proven self-starter with strong judgment; comfortable operating with ambiguity and driving outcomes.
- Excellent communication and stakeholder management across senior risk, business and control partners.
- Highly structured and detail-oriented; able to translate complexity into clear, concise outputs (advanced Microsoft Office skills).
- Strong prioritisation in a fast-paced environment, balancing multiple senior-driven deliverables.
What You Can Expect From Morgan Stanley
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.


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To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Certified Persons Regulatory Requirements
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
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