Interest Rate Strat - Fixed Income - Associate / Vice President

Morgan Stanley • New York, NY

2d • Onsite

About The Position

The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading. From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions. The US Swaps Strats team is seeking a highly skilled professional at Associate or VP level based in New York to tackle quantitative and technology challenges within US.

Requirements

• Master’s or Ph.D. in a quantitative discipline (Mathematics, Physics, Computer Science, Engineering, or Financial Engineering).
• Proficiency in C++, Scala, Python, KDB+/Q.
• Solid understanding of liquid flow rates products.
• Strong foundation in calculus, linear algebra, statistics, and numerical methods for solving complex financial problems.
• Proven capability to grasp complex mathematical concepts and apply them effectively to real-world trading scenarios.

Nice To Haves

• Minimum 3 years in a desk/e-trading quant role within flow rates products, ideally in swaps.
• Knowledge of Fixed-Income Derivatives, including Curve building, Collateral, and Optimization.
• Strong statistical /econometric skills and ability to analyze large datasets using KDB+/Q.

Responsibilities

• Work closely with traders on day-to-day trading needs, including pricing, valuation, hedging, and risk management.
• Conduct research and enhance yield curve modelling to better reflect market dynamics and business objectives especially in short end interest rates.
• Ongoing optimization and modernization of trader tooling and market making process.
• Developing data driven analytics dashboard to identify commercial opportunities.
• Partnering with IT to co-ordinate buildout of next generation of intraday risk management and P&L systems.
• Participate to desk and firm wide quant efforts, including workflow improvements, funding/IM/notional efficiency optimization.
• Provide quantitative insights on PnL and risks for trading desk, including but not limited to scenario analysis, stress testing, sensitivity analysis.
• Developing and supporting trading desks pricing, risk management and P&L monitoring tools.
• Liaising with control functions on quantitative issues pertaining to their roles.

Benefits

• Ample opportunity to move about the business for those who show passion and grit in their work.
• Attractive and comprehensive employee benefits and perks in the industry.
• Morgan Stanley sponsored benefit programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level