Fixed Income Division – Associate, Public Finance Quantitative Developer & Strategist (New York)

About the role

Morgan Stanley is a leading global financial services firm providing investment banking, securities, investment management and wealth management services. The Firm serves clients worldwide from over 1,200 offices in 43 countries. The Fixed Income Division comprises Interest Rate and Currency Products, Credit Products and Distribution, where professionals assess and manage risk, trade securities, and structure and execute innovative transactions. The Commodities Division is a market leader in energy, metals, and agricultural product trading worldwide. The Public Finance Business finances schools, hospitals, bridges, and transit systems across America, operating in a fast‑moving market where issuance calendars shift daily, yields reprice in real time, and traders make split‑second calls.

Responsibilities

• Build models that help the desk understand where risk is quietly accumulating
• Ship React dashboards that put model output in front of the right people in real time
• Automate workflows that used to take two hours and now take two seconds
• Integrate AI agents that read deal documents, extract key terms, and flag anomalies
• Question long‑standing business assumptions with data and be right

Qualifications

Master’s or PhD in a quantitative field, or a strong undergraduate background with demonstrated hands‑on experience.

Skills

• Strong Python – writing clean, testable, production‑ready code
• CI/CD fluency: Git, Docker, structured development workflow
• Solid statistics and probability fundamentals
• Experience with fixed income (or ability to learn quickly and ask good questions)
• Experience using GenAI coding tools (Copilot, Cursor, etc.)
• Proficiency with the firm’s stack: Flask, React, kdb+/q, Docker, OpenAI, Anthropic Claude

Benefits

Morgan Stanley offers a differentiated approach to raising, managing and allocating capital for clients, guided by values of putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back. Employees work alongside some of the best and brightest in a supportive, empowered environment with relentless collaboration and creative thinking. The firm provides attractive and comprehensive employee benefits and perks, and ample opportunity to move across the business for those who show passion and grit.

Pay

Expected base pay for the Associate role is between $150,000 and $200,000 per year at commencement. Base pay is determined on an individualized basis and is only part of the total compensation package, which may also include commission earnings, incentive compensation, discretionary bonuses, and other short‑ and long‑term incentive programs sponsored by Morgan Stanley.