Fixed Income Division - AN - US Rates Financing Trading (New York)
About The Position
Morgan Stanley’s Fixed Income Division is hiring a full-time Analyst for its US Rates Financing trading desk in New York. The desk is part of the Interest Rates Business and supports a growing client-facing business. The role provides trading support across the desk’s overnight US government bond and mortgage-backed security repo book and US Government bill outright book. The Analyst will also lead longer-term projects to advance the business, pursue new revenue opportunities, and streamline operational tasks. The position involves trading and market-making activities, client engagement, and assessing relative value across markets and within USD rates. The Analyst will formulate and execute trade ideas in rates products, including Treasuries, futures, and swaps. The role also supports desk reporting and commentary, coordinates with internal teams, and owns daily workflows while collaborating on automation and the use of AI. The expected base pay is $110,000–$125,000 per year at the commencement of employment; final base pay is individualized, and total compensation may include additional incentives and benefits.
Requirements
- Bachelor’s degree (minimum education qualification).
- Strong quantitative, analytical, and interpersonal skills.
- Proactive, with the ability to work both independently and as part of a close-knit team.
- High initiative and motivation, attention to detail, a positive and humble attitude, and the ability to work in a fast-paced environment.
Responsibilities
- Price, hedge, evaluate, and manage the book, and engage clients as a Repo and Bills trader and market maker.
- Assess relative value across markets and within USD rates.
- Formulate, express, and execute trade ideas in rates products, including Treasuries, futures, and swaps.
- Provide liquidity as a market maker to a diverse client base and build firm relationships.
- Assist with P&L reporting and compile market color, indications, and weekly commentary.
- Maintain frequent dialogue with internal teams, including IT, strats, sales, trading desks, research, operations, and finance.
- Own daily processes and critical workflows, collaborating with stakeholders on automation and increased efficiency.
- Collaborate in rearchitecting the business to align with automation strategy, including leveraging AI.
- Help advance the business, pursue new revenue opportunities, and streamline current operational tasks.
Benefits
- Comprehensive employee benefits and perks.
- Employee support throughout the work-life journey.
- Opportunities to move across the business.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
