Fixed Income Division - Analyst​/Associate, Commodity Structurer

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.

The Fixed Income Division is comprised of Commodities, Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division, with 200+ front office employees, is a market leader in energy, metals, and agricultural product trading worldwide whose professionals trade in both physical and derivative commodity risk.

Within the Commodities Division, North American Power and Gas desk (“NAPG”) trades physical and financial power and gas. NAPG structures and manages transactions in duration of one to twenty plus years across a large and growing client base. NAPG provides load-following services, manages resources including tolls for power generation assets and provides various risk management needs for municipals, commercial and industrial load, load aggregators, independent power producers and renewable generation developers.

The Global Commodities Structuring Group works closely with Commodities Origination and Trading teams to model transactions, negotiate client confirmations, book trades and coordinate with second line functions (strats, operations, credit, valuation control, legal, finance). Structuring also plays key role to ideate and implement initiatives around new client solutions, trading risk management strategies, pricing and capital frameworks and execution process.

A successful candidate would be able to develop a deep understanding of market structure, fundamentals, and client solutions within NAPG markets.

The candidate would work closely with the power and gas origination and trading teams including managing risk, executing complex trades, and coming up with ideas to mitigate risks and create PnL opportunities.

• Develop in-depth understanding of client motivations, pricing methodologies, market risk and credit risk management strategies, firm systems, and the transaction lifecycle for physical and financial gas deals
• Perform pricing analysis and coordinate with strats, trading and other relevant groups to help position the firm to win client mandates
• Ability to coordinate transaction execution process and act as liaison between commodities and other client-facing teams such as IBD coverage, structured finance & lending and capital markets
• Prepare client marketing materials as well as internal presentations for structured transaction review process
• Perform adhoc credit and market risk analysis in collaboration with internal risk review groups
• Prior to execution, help develop the booking plan and review deal confirmations in coordination with origination, trading, legal, operations, and credit teams
• Book trades upon execution and report PnL and risk to finance and risk control groups
• Review current structured portfolios and update modeled parameters as…