Derivatives Clearing, Executive Director, Operations

Executive Director (ED) – Derivatives Clearing Operations

The Executive Director (ED) – Derivatives Clearing Operations is a senior leadership role responsible for the strategic oversight, risk management, and delivery excellence of Derivatives Clearing functions based in Mumbai. The role partners closely with global DC leadership across APAC, EMEA, and NA, ensuring consistent execution of clearing, margin, reconciliation, trade support, and regulatory obligations while continuing to scale the India operations footprint.

The role carries end-to-end accountability for operational stability, people leadership, risk & control outcomes, and stakeholder engagement, while enabling transformation through automation, standardization, and talent development.

Primary Responsibilities

• Provide senior oversight for BAU delivery across DC functions (e.g., Client Margin, Trade Support, FCS/Fees, Reconciliations, Control & Regulatory Services).
• Ensure adherence to global operating models, SLAs, and service quality standards.
• Drive capacity planning and workload balancing in line with business growth and regional strategies.

• Own the DC risk and control framework for Mumbai, including issue identification, remediation, and lessons learned.
• Ensure compliance with clearing house requirements, client money rules, regulatory reporting obligations, and internal policies.
• Partner with ORRC, Compliance, Audit, and Risk to manage reviews, exams, and self-assessments.
• Act as senior escalation point for material incidents and control breaches.

• Lead, develop, and retain Directors, Vice Presidents, and senior managers across DC Ops.
• Own performance management, succession planning, and internal mobility for senior roles.
• Champion inclusive leadership, strong engagement, and a high-performance culture.

• Serve as the primary senior Mumbai DC representative to global stakeholders, including Product, Front Office, Technology, Finance, and Risk.
• Represent Mumbai DC in global governance forums, operating reviews, and strategy discussions.
• Ensure clear communication, issue transparency, and strong partnership with regional and global leadership.

• Drive process simplification, automation, and resiliency initiatives in partnership with Technology and global change teams.
• Contribute to the long-term location and workforce strategy for DC Operations.
• Leverage data, metrics, and MI to improve decision-making and operational outcomes.

Skill Requirements

• The team works a split shift system. Therefore, flexibility on start/finish times will be required.
• After the initial training period, the successful individual will expect to work independently and proactively with minimal management supervision.
• Candidate should be a confident, well-rounded methodical person with good analytical skills
• Good relationship building skills
• Task orientated, inquisitive in nature and have an appetite to learn

Functional Knowledge

• Knowledge of listed derivatives, FXPB and Cleared OTC Trade Support Group functions (or at least the concept of TSG functions) is an advantage.
• The individual will be expected to learn quickly to acquire the required technical/product knowledge.

Professional Skills

• Critical attention to detail
• Critical investigative skills: inquiry and analysis, interviewing, testing, organization and presentation (both written and oral), with the ability to research and resolve issues independently
• Critical analytical and logical reasoning skills
• Excellent time management skills with ability to manage, multi-task and execute multiple priorities and deliverables within tight deadlines, with the skills to adapt to changes in a fast-paced, dynamic matrixed environment
• Excellent communication skills, oral and written, necessary to work effectively with colleagues in different regions and business units, and to describe complex issues accurately and succinctly
• Ability to produce metrics and presentations
• Ability to work independently and meet business deadlines with accuracy
• Ability to work with multiple stakeholders across divisions and disciplines
• Ability to trouble-shoot to mitigate risks associated with businesses supported
• Ability to interact effectively with global colleagues
• Ability to manage pressure and stressful business demands, including ambiguity and competing priorities

Experience Required

• 15+ years of relevant work experience
• 5+years of Listed Derivatives/Cleared OTC and FX Prime Brokerage product experience
• Bachelor's Degree

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.