Commodities Document Negotiator - Fixed Income Division - Associate or Vice President

About the Firm

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people are critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley offers a superior foundation for building a professional career—a place for people to learn, achieve, and grow. A philosophy that balances personal lifestyles, perspectives, and needs is an important part of our culture.

Department Profile

The Fixed Income Division (“FID”) sits within the Institutional Securities Group (“ISG”) and is comprised of Interest Rate and Currency Products, Credit Products, Commodities, Repo, and TBAs and Distribution. Professionals in FID assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in fast-paced and constantly changing global markets. From global institutions to innovative hedge funds, investors rely on Morgan Stanley for sales, trading, and market-making services across almost every type of financial instrument, including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients worldwide, actively managing risk, trading securities, and executing transactions. As client needs grow more complex, we often develop customized solutions.

Team Profile

The Institutional Securities Documentation team sits within FID’s Business Control Unit (“BCU”) and is a first-line team focused on Non-Market Risk (Operational Risk), Counterparty Risk, Conduct Risk, and Contract Negotiations. The team handles contract negotiation for trading agreements within FID. We are seeking an individual to support the Commodities desks in negotiating physical and financial master agreements and ancillary documents. Responsibilities include reviewing and negotiating ISDA schedules, various ISDA annexes, NAESBs, EEIs, credit support annexes, bespoke physical master agreements, guaranties, and ancillary documents. The role involves close collaboration with business professionals across the firm, external counsel, and clients, with the primary goal of executing master agreements efficiently.

Responsibilities

• Timely, consistent, and effective negotiation, review, and drafting of master agreements (under English and New York law) to facilitate business operations.
• Liaise with Credit, Risk, Legal, Sales, Operations, Tax, and other internal groups to ensure agreements include appropriate terms for Morgan Stanley’s protection in line with policies, procedures, and regulations.
• Communicate with clients regarding Morgan Stanley’s positions in master agreements.
• Maintain up-to-date work-in-progress records.
• Stay informed of business and regulatory developments impacting operations.

Qualifications

• JD preferred.
• Experience reviewing, drafting, and negotiating ISDA Master Agreements and other trading documentation preferred.
• College degree required.
• Excellent verbal and written communication skills.
• Strong analytical and organizational skills.
• Excellent interpersonal and communication skills; ability to articulate ideas clearly and build strong internal and external relationships.
• Highly motivated, adaptable, and able to work within a diverse team.
• Professional maturity and proactive attitude; ability to work independently in a high-volume, fast-paced, and dynamic environment.
• Detail-oriented with sound judgment and integrity.

What You Can Expect

At Morgan Stanley, we raise, manage, and allocate capital for our clients—helping them reach their goals. Our values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—guide our decisions daily. You’ll find an opportunity to work alongside talented colleagues in a supportive and empowering environment. Our teams thrive on collaboration and creativity, fueled by diverse backgrounds and experiences. We offer comprehensive employee benefits and perks, along with opportunities for career growth for those who demonstrate passion and dedication.

Pay

Expected base pay rates for the role will be between $100,000 and $150,000 per year for Associate at the commencement of employment and between $140,000 and $250,000 for Vice President. Base pay is determined on an individualized basis and is part of a total compensation package that may include commission earnings, incentive compensation, discretionary bonuses, other short- and long-term incentive packages, and Morgan Stanley-sponsored benefit programs.