xVA Trading - Fixed Income Division - Analyst/Associate

Morgan Stanley•New York, NY

1d•Onsite

About The Position

The xVA Trading Desk is looking for an Analyst / Associate level Trader. The xVA business is responsible for pricing and risk managing counterparty, funding and collateral risks associated with OTC derivatives for Morgan Stanley’s Fixed Income Division. The desk coverage includes Rates, FX, Credit and Commodities OTC derivatives.

Requirements

Bachelor or Masters in a quantitative field such as Math, Engineering or Science.
Good understanding of Fixed Income Products (Rates, Bonds, FX, CDS…).
Able 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

Evaluating and pricing of credit and funding as well as collateral optionality.
Risk-managing the existing derivative portfolio by executing trades and optimizing portfolio hedges.
Frequent communication with the sales and trading desks for general counterparty issues.
Evaluate new transactions & price xVA for those trades.
Risk manage trading book positions, understand risk measures, and ensure risk limits are adhered to.
Execute transactions for hedging of xVA risks in accordance with desk procedures.
Manage day-to-day issues of trading book; P&L review and sign-off, trade bookings, new trade fees etc.
Provide feedback to functional groups related to derivative risks arising from ISDA terms.