Director Of Risk Management Jobs in New York
Director Of Risk Management jobs in New York are among the most actively recruited senior-level openings in the country, concentrated in financial services, insurance, healthcare, and global corporate headquarters. The heaviest hiring is in New York City, with additional demand in Albany and White Plains, where major employers such as JPMorgan Chase, Chubb, and NYU Langone Health maintain substantial risk management functions. The most sought-after specialties include enterprise risk, operational risk, and financial risk governance. Find a role that fits below and apply directly.
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INTRODUCTION
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.
ROLE OVERVIEW
This role sits within the Market Risk Department (MRD) and provides senior leadership and strategic oversight of XVA-related market risks across the Firm, including CVA, FVA and other valuation adjustments. The team lead of the market risk XVA team in the US is accountable for setting risk direction, influencing business decisions exercising senior judgement, applying subject matter expertise and leading engagement with Front Office and senior stakeholders across the Firm. The role focuses on governance, escalation, XVA market risk framework ownership and people leadership, while also having significant involvement in the day to day activities of the desk including large trade approvals, limit setting.
KEY RESPONSIBILITIES
Senior Risk Ownership & Judgement
- Provide executive-level oversight of XVA market risk exposures, ensuring risks are appropriately identified, challenged, and governed within the Firm's risk appetite.
- Exercise independent senior judgement on complex, high-impact risk matters, including portfolio concentrations, tail risks, and stress outcomes.
- Act as a escalation point within MRD XVA coverage for material risk issues.
Leadership & Stakeholder Management
- Lead the US XVA Coverage team within MRD, setting strategy, priorities, and coverage standards.
- Serve as a senior risk counterpart to Front Office management, influencing strategic decisions and ensuring robust risk debate.
- Represent XVA market risk in senior governance forums, committees, and regulatory interactions.
Framework Ownership & Strategic Change
- Own and evolve the XVA market risk framework, including stress testing, limit structures, and risk metrics.
- Sponsor and drive strategic initiatives with teams executing under direction.
People Leadership & Talent Development
- Lead a team of 7 risk managers located in NY and Budapest.
- Develop and mentor risk managers, building depth, succession, and consistency of judgement.
EXPERIENCE & PROFILE
- Extensive experience in market risk, counterparty risk, or trading risk within a global investment bank.
- Demonstrated depth of expertise in financial products, markets, and XVA-related risks, with the ability to apply seasoned judgement.
- Strong people leadership and stakeholder management skills.
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.
Expected base pay rates for the role will be between $165,000 and $275,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
INTRODUCTION
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.
ROLE OVERVIEW
This role sits within the Market Risk Department (MRD) and provides senior leadership and strategic oversight of XVA-related market risks across the Firm, including CVA, FVA and other valuation adjustments. The team lead of the market risk XVA team in the US is accountable for setting risk direction, influencing business decisions exercising senior judgement, applying subject matter expertise and leading engagement with Front Office and senior stakeholders across the Firm. The role focuses on governance, escalation, XVA market risk framework ownership and people leadership, while also having significant involvement in the day to day activities of the desk including large trade approvals, limit setting.
KEY RESPONSIBILITIES
Senior Risk Ownership & Judgement
- Provide executive-level oversight of XVA market risk exposures, ensuring risks are appropriately identified, challenged, and governed within the Firm's risk appetite.
- Exercise independent senior judgement on complex, high-impact risk matters, including portfolio concentrations, tail risks, and stress outcomes.
- Act as a escalation point within MRD XVA coverage for material risk issues.
Leadership & Stakeholder Management
- Lead the US XVA Coverage team within MRD, setting strategy, priorities, and coverage standards.
- Serve as a senior risk counterpart to Front Office management, influencing strategic decisions and ensuring robust risk debate.
- Represent XVA market risk in senior governance forums, committees, and regulatory interactions.
Framework Ownership & Strategic Change
- Own and evolve the XVA market risk framework, including stress testing, limit structures, and risk metrics.
- Sponsor and drive strategic initiatives with teams executing under direction.
People Leadership & Talent Development
- Lead a team of 7 risk managers located in NY and Budapest.
- Develop and mentor risk managers, building depth, succession, and consistency of judgement.
EXPERIENCE & PROFILE
- Extensive experience in market risk, counterparty risk, or trading risk within a global investment bank.
- Demonstrated depth of expertise in financial products, markets, and XVA-related risks, with the ability to apply seasoned judgement.
- Strong people leadership and stakeholder management skills.
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.
Expected base pay rates for the role will be between $165,000 and $275,000 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
See All 14 Director Of Risk Management Jobs in New York
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Find JobsDirector Of Risk Management Jobs by City in New York
Where New York roles are concentrated, by current openings.
Director Of Risk Management Job Market in New York
A snapshot from current New York openings, updated as new roles post.
Who's Hiring
- Biz2Credit2
- City of New York2
- Fireblocks1
- Gusto1
- M&s1
Top Industries Hiring
- Banking & Financial Services2
- Government & Public Sector2
- Investment & Asset Management2
- Law & Legal Services2
- Technology & Software2
What New York Employers Look For
The qualifications that appear most often in director of risk management jobs across New York.
- Bachelor's degree in finance, business, or a related field required by most New York employers
- Seven or more years of progressive risk management experience in financial services or insurance
- Professional certification such as FRM, CRM, or RIMS-CRMP strongly preferred by New York employers
- Demonstrated experience developing enterprise risk frameworks aligned with regulatory requirements
- Proficiency with risk management platforms and data analytics tools used in enterprise environments
- Strong communication skills for presenting risk assessments to executive leadership and board committees
Director Of Risk Management Jobs in New York: Frequently Asked Questions
How do you become a director of risk management in New York?
Most director of risk management roles in New York require a bachelor's degree in finance, business administration, or a related discipline, combined with several years of progressively senior risk experience. New York does not issue a state-specific license for this role, but employers in heavily regulated sectors like banking and insurance expect credentials such as the FRM, CRM, or RIMS-CRMP. Familiarity with New York State Department of Financial Services regulations is a consistent hiring advantage.
How much do director of risk managements make in New York?
Director of risk managements in New York earn a median of about $136,830 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $84,550 for the lowest 10% to over $220,260 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire director of risk managements in New York?
Employers hiring director of risk managements in New York right now include Biz2Credit, City of New York, and Fireblocks, based on current listings on Migrate Mate as of June 2026. New York's concentration of global financial institutions, insurance carriers, and large health systems means demand for this role is distributed across multiple major industries rather than any single sector.
Which New York cities have the most director of risk management jobs?
New York, Buffalo, and Harrison have the most director of risk management openings in New York. New York City drives the largest share by far, reflecting the density of Wall Street firms, global insurers, and major hospital networks headquartered there, while Albany draws demand from state agencies and regulated utilities, and White Plains attracts roles from the corporate campuses concentrated in Westchester County.
Are there remote director of risk management jobs in New York?
Yes, and more than many senior roles, given the analytical and strategic nature of the work. About 7% of director of risk management openings tied to New York are remote or hybrid as of June 2026, reflecting broader flexibility at the director level. Risk governance, policy development, and reporting functions are the most commonly offered in remote or hybrid arrangements, while roles requiring direct oversight of on-site operations tend to be in-person.
How can I get hired as a director of risk management in New York with little or no experience?
The most realistic entry path is through a risk analyst or compliance analyst role at a New York financial institution or insurer, where structured rotational programs at firms like Citigroup, MetLife, or large regional banks provide hands-on exposure. Pursuing the FRM or RIMS-CRMP credential while in an analyst position signals commitment and accelerates advancement. Lateral moves from audit, compliance, or treasury functions are common stepping stones that New York employers recognize as directly relevant experience.
Where can I find and apply to director of risk management jobs in New York?
You can find and apply to director of risk management jobs in New York on Migrate Mate, which lists current openings across the state. Search the available roles, find the ones that fit your background and target location, and apply directly to the employers posting them.
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