xVA Trading - Fixed Income Division - Associate or Vice President
About The Position
Morgan Stanley's Fixed Income Division is seeking an Associate or Vice President level Trader for the xVA Trading Desk. The xVA business is responsible for pricing and risk managing counterparty, funding, and collateral risks associated with OTC derivatives for the Fixed Income Division. The desk covers Rates, FX, Credit, and Commodities OTC derivatives. This role involves evaluating and pricing credit and funding optionality, risk-managing the existing derivative portfolio through trade execution and portfolio hedge optimization, and communicating with sales and trading desks regarding counterparty issues.
Requirements
- Bachelor or Masters in a quantitative field such as Math, Engineering or Science.
- Good understanding of Fixed Income Products (Rates, Bonds, FX, CDS…)
- Ability to perform in a high-paced environment, make fast decisions and prioritize as required.
- Strong quantitative, analytical, and problem-solving skills.
- Team player, enthusiastic and willing to learn.
Responsibilities
- Evaluate and price new transactions, including xVA for those trades.
- Risk manage trading book positions, understand risk measures, and ensure adherence to risk limits.
- Execute transactions for hedging of xVA risks in accordance with desk procedures.
- Manage day-to-day trading book issues, including P&L review and sign-off, trade bookings, and new trade fees.
- Provide feedback to functional groups regarding derivative risks arising from ISDA terms.
Benefits
- Comprehensive employee benefits and perks
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
