IED Derivatives Strats Associate

Equity Derivative Strat Associate

Division: IED

Job Title: Equity Derivative Strat

Location: London

Job Level: 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 Firms employees serve clients worldwide including corporations governments and individuals from more than 1200 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

Morgan Stanleys Equities Derivatives division is looking for a strategist/quantitative analyst for its Dynamic Index Equity Derivative Strat team. Desk strategists are key participants together with traders and sales people in the revenue-generating activities of our Sales & Trading Division. Desk strategists sit on the trading desk are the primary modellers for new products and team with the traders to deliver innovative ideas using models to analyse risks and opportunities in trading books for complex derivatives.

Primary Responsibilities

Dynamic Index strats are responsible for implementing and supporting the algorithmic indices that are sold by the firm to clients. The strats are responsible for reviewing the new index description produce a backtest as well as implement the engine that will do evolution and risk reporting through the firms risk systems. They also ensure that the underlying strategy can be traded i.e. in terms of liquidity market convention self-financing aspect & access. They help the trading desk assessing the various trading cost of the strategy (funding bid ask etc). Furthermore they assist with automation of the hedging of the strategies.

Skills required (essential)

• An advanced degree in a quantitative subject such as Engineering Applied Mathematics Physics Software Engineering.
• Previous experience gained within an Equity Derivatives front office banking environment.
• Very strong programming skills in an object oriented language applied within the library of a front office team - C Java and Python. Database knowledge (KDB/SQL) a strong plus.
• Good knowledge of Statistics Statistical Inference Probability Numerical Analysis Stochastic Calculus Approximation Theory and an expertise in either of these subjects.
• Drive and desire to work in an intense team-oriented environment.
• Ability to communicate effectively in both written and verbal English.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley we raise manage and allocate capital for our clients helping them reach their goals. We do it in a way thats differentiated and weve 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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.