Interest Rate Strat - Fixed Income - Associate / Vice President

Responsibilities

• Work closely with traders on day-to-day trading needs, including pricing, valuation, hedging, and risk management.
• Conduct research and enhance yield curve modelling to better reflect market dynamics and business objectives especially in short end interest rates.
• Ongoing optimization and modernization of trader tooling and market making process.
• Developing data driven analytics dashboard to identify commercial opportunities.
• Partnering with IT to co-ordinate buildout of next generation of intraday risk management and P&L systems.
• Participate to desk and firm wide quant efforts, including workflow improvements, funding/IM/notional efficiency optimization.
• Providing quantitative insights on PnL and risks for trading desk, including but not limited to scenario analysis, stress testing, sensitivity analysis.
• Developing and supporting trading desks pricing, risk management and P&L monitoring tools.
• Liaising with control functions on quantitative issues pertaining to their roles.

Requirements

• Education: Master’s or Ph.D. in a quantitative discipline (Mathematics, Physics, Computer Science, Engineering, or Financial Engineering).
• Programming Skills: Proficiency in C++, Scala, Python, KDB+/Q.
• Financial Knowledge: Solid understanding of liquid flow rates products.
• Mathematical Expertise: Strong foundation in calculus, linear algebra, statistics, and numerical methods for solving complex financial problems.
• Analytical Ability: Proven capability to grasp complex mathematical concepts and apply them effectively to real-world trading scenarios.
• Preferred Experiences: Minimum 3 years in a desk/e-trading quant role within flow rates products, ideally in swaps.
• Knowledge of Fixed-Income Derivatives, including Curve building, Collateral, and Optimization.
• Strong statistical /econometric skills and ability to analyze large datasets using KDB+/Q

Qualifications

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Benefits

Morgan Stanley offers a comprehensive benefits program that includes:

• Health, dental, and vision insurance
• Retirement savings plans
• Flexible spending accounts
• Employee assistance programs
• Generous paid time off
• Professional development opportunities
• Employee resource groups

Pay

Expected base pay rates for the role will be between $150,000 and $200,000 for Associate and between $160,000 and $250,000 for Vice President. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Schedule

The role is based in New York.