Associate, Trading

Morgan Stanley • New York, NY

2d

About The Position

Assess relative value across macro markets (USD rates and volatility) as well as within municipal and credit markets. Formulate, express, and execute trade ideas within rates, volatility, and municipal bonds. Interact with diverse client base to provide liquidity as a market maker and build firm relationships. Assist desk with profit and loss reporting, compiling market color, indications, and quantitative analysis. Maintain frequent dialogue with internal IT, Strategists, Sales Forces, Trading Desks, Research, Operations, and Finance teams. 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. 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. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser. 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.

Requirements

• Requires a Master's degree in Mathematics of Finance, Economics, or a related field of study
• Requires two (2) years of experience in the position offered or two (2) years as an Associate, Analyst, or a closely related occupation monitoring, managing, and reporting individual trade and portfolio risks including interest rate, credit spread, and option Greeks performing risk-neutral valuation under various numeraires key-rate duration risk metrics across curves and credit hazard processes CCAR, Basel III stress testing, CVA, VaR calculations, Volcker compliance analysis, and managerial risk reporting structuring bilateral transactions with derivative products including total return swaps, interest rate swaps, options, foreign exchange swaps, and callable swaps modeling financing vehicles using stochastic modeling techniques, Monte Carlo simulation, and market-based factors volatility analysis pricing variable rate products using time series techniques and adjusting for reset conventions, liquidity premiums, and seasonality factors optimizing funding cash positions with interest rate relations, funding mechanisms, no-arbitrage, and forward pricing methodologies Foreign Exchange risks programing languages including Scala, kdb+Q, Python, JavaScript, and HTML
• prepare marketing material, research, and data analysis findings for institutional investors and borrower related clients

Responsibilities

• Assess relative value across macro markets (USD rates and volatility) as well as within municipal and credit markets.
• Formulate, express, and execute trade ideas within rates, volatility, and municipal bonds.
• Interact with diverse client base to provide liquidity as a market maker and build firm relationships.
• Assist desk with profit and loss reporting, compiling market color, indications, and quantitative analysis.
• Maintain frequent dialogue with internal IT, Strategists, Sales Forces, Trading Desks, Research, Operations, and Finance teams.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees