Derivatives Strats - Institutional Equities - Associate / Vice President

Morgan Stanley•New York, NY

9d•$150,000 - $250,000

About The Position

Morgan Stanley’s Equities Derivatives division is seeking a Strategist / Quantitative Analyst to join its Derivatives Strat team, with a primary focus on the pricing and risk management of complex derivatives. Strats are integral contributors to the firm’s revenue-generating activities, working in close collaboration with traders, sales, and structurers within the Sales & Trading Division. They play a leading role in shaping the desks’ strategy and position across a broad range of risks and products.

Requirements

Master’s degree or PhD in Mathematics, Statistics, Physics, Engineering, Computer Science, or a related quantitative discipline.
At least 3 years of experience in quantitative finance, preferably within equity derivatives, as a quantitative analyst, trader or financial engineer.
Solid understanding of financial markets, particularly equity derivatives products and risk metrics.
Strong foundation in stochastic calculus, pricing theory, probability and statistics.
Solid understanding and intuition of derivatives products risks and model-dependencies.
Experience with large-scale data analysis and model validation techniques.
Proficiency in Python for quantitative development.
Excellent analytical, problem-solving, and critical-thinking skills.
Strong communication skills, with the ability to collaborate effectively with teams across functions.
Self-motivated individual with strong attention to detail and the ability to manage multiple priorities in a dynamic environment.

Responsibilities

Develop and enhance quantitative models for the pricing, risk management, and analysis of equity derivatives products, with a focus on identifying and understanding model-driven biases.
Conduct in-depth research into market dynamics to refine pricing methodologies and strengthen risk management frameworks.
Design and execute backtesting of inventory management and trading strategies, rigorously assessing performance and robustness across a range of market conditions.
Build and maintain analytical tools, data pipelines, and research platforms to support the activities of trading teams.
Collaborate closely with traders to support decision-making processes and optimize product selection.