Derivatives Strats - Institutional Equities - Associate / Vice President

About the role

Morgan Stanley’s Equities Derivatives division is seeking a Strategist / Quantitative Analyst to join its Derivatives Strat team, with a primary focus on the pricing and risk management of complex derivatives.

Responsibilities

• Develop and enhance quantitative models for the pricing, risk management, and analysis of equity derivatives products, with a focus on identifying and understanding model-driven biases.
• Conduct in-depth research into market dynamics to refine pricing methodologies and strengthen risk management frameworks.
• Design and execute backtesting of inventory management and trading strategies, rigorously assessing performance and robustness across a range of market conditions.
• Build and maintain analytical tools, data pipelines, and research platforms to support the activities of trading teams.
• Collaborate closely with traders to support decision-making processes and optimize product selection.

Requirements

• Master’s degree or PhD in Mathematics, Statistics, Physics, Engineering, Computer Science, or a related quantitative discipline.
• At least 3 years of experience in quantitative finance, preferably within equity derivatives, as a quantitative analyst, trader or financial engineer.
• Solid understanding of financial markets, particularly equity derivatives products and risk metrics.
• Strong foundation in stochastic calculus, pricing theory, probability and statistics.
• Solid understanding and intuition of derivatives products risks and model-dependencies.
• Experience with large-scale data analysis and model validation techniques.
• Proficiency in Python for quantitative development.
• Excellent analytical, problem-solving, and critical-thinking skills.
• Strong communication skills, with the ability to collaborate effectively with teams across functions.
• Self-motivated individual with strong attention to detail and the ability to manage multiple priorities in a dynamic environment.

Qualifications

• Passionate about quantitative finance and derivatives.
• Ability to work independently and as part of a team.
• Strong mathematical and statistical skills.
• Experience with financial modeling software such as Bloomberg, Excel, or R.
• Knowledge of financial regulations and compliance requirements.

Skills

• Quantitative Analysis
• Financial Modeling
• Data Analysis
• Python Programming
• Stochastic Calculus
• Pricing Theory
• Probability and Statistics
• Risk Management
• Market Dynamics Research
• Backtesting
• Collaboration

Benefits

Morgan Stanley offers a competitive compensation package, including a range of base pay rates for Associates ($150,000 - $200,000) and Vice Presidents ($225,000 - $250,000) at the commencement of employment. Additionally, the company provides a comprehensive suite of benefits, including:

• Health insurance
• Retirement plans
• Flexible work arrangements
• Professional development opportunities
• Employee assistance programs
• Community involvement initiatives

Pay

Base pay rates for the role will be between $150,000 - $200,000 per year for Associates and between $225,000 - $250,000 for Vice Presidents at the commencement of employment.

Schedule

The schedule for this role is typically full-time, with standard business hours.