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Morgan Stanley · 23 hours ago

Associate, Trading

New York, NY

Full-time

Onsite

Entry, Mid Level

$200K/yr - $200K/yr

2+ years exp

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The role involves pricing, hedging, and managing trades as a municipal bond trader while interacting with clients and assessing market risks.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Price, hedge, evaluate, manage book, and engage clients as a municipal bond trader and market maker

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

Qualification

Mathematics of FinanceRisk ManagementDerivative ProductsProgramming LanguagesVolatility AnalysisStochastic ModelingPortfolio Risk ReportingClient Relationship ManagementData AnalysisMarket Research

Required

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

Requires two (2) years of experience with the following skills: monitoring, managing, and reporting individual trade and portfolio risks including interest rate, credit spread, and option Greeks

Requires two (2) years of experience with the following skills: performing risk-neutral valuation under various numeraires

Requires two (2) years of experience with the following skills: key-rate duration risk metrics across curves and credit hazard processes

Requires two (2) years of experience with the following skills: CCAR, Basel III stress testing, CVA, VaR calculations, Volcker compliance analysis, and managerial risk reporting

Requires one (1) year of experience with the following skills: structuring bilateral transactions with derivative products including total return swaps, interest rate swaps, options, foreign exchange swaps, and callable swaps

Requires one (1) year of experience with the following skills: modeling financing vehicles using stochastic modeling techniques, Monte Carlo simulation, and market-based factors

Requires one (1) year of experience with the following skills: volatility analysis

Requires one (1) year of experience with the following skills: pricing variable rate products using time series techniques and adjusting for reset conventions, liquidity premiums, and seasonality factors

Requires one (1) year of experience with the following skills: optimizing funding cash positions with interest rate relations, funding mechanisms, no-arbitrage, and forward pricing methodologies

Requires one (1) year of experience with the following skills: Foreign Exchange risks

Requires one (1) year of experience with the following skills: programing languages including Scala, kdb+Q, Python, JavaScript, and HTML

Requires one (1) year of experience with the following skills: prepare marketing material, research, and data analysis findings for institutional investors and borrower related clients