Fixed Income e-Trading Desk Strategist - Associate

Company Profile

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 is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to 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) is comprised of Interest Rate and Currency Products, Corporate Credit, Muni Products, and Securitized Product Group. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Municipality Division is a market leader across a broad range of markets, with expertise in areas including Sales & Trading, Muni Capital Solutions, Muni Capital Markets, and Public Finance.

I-A2

Primary Responsibilities

• Research and build statistical algorithms to price municipal bonds.
• Design A/B experiments to test out new trading strategies.
• Collaborate with the muni trading desk and other eTrading businesses on new models

Desired Skills

• Advanced degree in a quantitative field such as Statistics, Mathematics or Operations Research
• Knowledge of programming (Python and/or Java) for statistical and econometric analysis
• Experience in time series analysis and large datasets
• Knowledge of cutting-edge statistical algorithms for machine learning.
• Strong communication skills and a good sense of humor

  Beneficial Skills

• Experience in a muni electronic trading or research role
• Knowledge of Muni or Corp and Market Microstructure
• Java Object-orientated development experience in a production financial context

Expected base pay rates for the role will be $1500,000 and $200,000 per year at the commencement of employment. 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. 

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.  It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.  Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Salary : $200,000 - $1,500,000