Fixed Income Division – Associate, Public Finance Investment Banking; or Los Angeles or San Francisco

Position: Fixed Income Division – Associate, Public Finance Investment Banking (New York or Los Angeles or San Francisco)

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 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. Morgan Stanley aligns its municipal investment banking, underwriting, sales, trading, lending, and M&A advisory in one integrated organizational group under the umbrella of the Municipal Securities Division.
Background on the Team Within Municipal Securities, the Public Finance Investment Banking group raises capital to fund projects for public sector entities and not-for-profit institutions in the United States. The group plans financial strategies and structures tax-exempt and taxable offerings along with derivative solutions to meet the needs of wide variety of important public organizations.
Primary Responsibilities As an Associate in the Public Finance Investment Banking Department, you may:

• Provide investment banking services to the largest and most notable issuers nationwide in the public sector, housing, not-for-profit healthcare, and tax-exempt structured finance groups
• Prepare and execute live transactions, including crafting rating agency, investor roadshow, and sales memorandum materials
• Prepare marketing materials, from product pitches based on market dynamics to extensive responses and proposal requests
• Perform cash flow analyses to evaluate debt financing alternatives
• Update credit models and conduct peer credit analysis
• Monitor debt portfolios – identifying opportunities for refinancing or restructuring
• Conduct debt capacity and affordability analysis
• Research and analyze market data to share insights with clients
• Field and respond to client inquiries, including travel for client meetings and conferences

Qualifications/Skills/Requirements

• Experience in public finance banking or financial advisory services
• You have an advanced knowledge of MS Excel (preferred), DBC (preferred) and familiarity with other common software including Word and Power Point
• Strong work ethic, collaborative, ability to multi-task
• Adaptable, versatile, and analytical
• Bachelor’s degree

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 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…