FID, Interest Rate Strat - AS​/VP

FID, Interest Rate Strat - AS/VP

Join to apply for the FID, Interest Rate Strat - AS/VP role at Morgan Stanley
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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.

The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. 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 Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading.

From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market‑making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast‑changing markets.

As the needs of our clients become increasingly complex, we often develop customized solutions.

US Swaps Strats team is seeking a highly skilled professional at Associate or VP level based to tackle quantitative and technology challenges within the US. This role will be based in New York.

The candidate will 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.
• Provide quantitative insights on P&nL 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.

• 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.

• 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.

We are committed to maintaining the first‑class service and high standard of excellence that have defined Morgan Stanley for over 89 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…