Fixed Income Strategist
Position Title: VP - Fixed Income Strategists Group
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 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 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.
The credit strats team in London is focused on supporting the corporate credit business globally by delivering high value business related analytics and associated technology. The group also has a dual role in assisting the Fixed Income Division to manage the impact on the new regulatory capital environment(s).
We require a strong quantitative developer/strat to work within the global team, who can take on small to medium sized development tasks. The candidate will join and lead a small team accountable to the business directly, but will still undertake a reasonable percentage of green-field development. As such the candidate should be comfortable taking ownership and driving independent projects
The ideal candidate will have a strong understanding of the credit derivative products including indices, options and tranche and will work on contributing to the buildout of a new state of the art derivatives trading engine. Scala and/or Java experience as well as experience with databases and Linux is desired. Ideally, when it comes to CDS, credit indices, options and tranches, the candidate
- must be fluent in detailed P&L and risk explanation, including regulatory capital rules and implementation
- understand trading conventions and standard product documentation
- is expected to be involved in industry-wide forums on product regulation, clearing and documentation
As the role is close to trading, it is expected that the candidate:
- shows curiosity around trading strategies, relative value and flow analysis
- gets involved in some active development of core analytics and system design
- gets involved in managing development teams around trading and risk systems
- has some knowledge in vanilla / light exotic rates and equity products
Specific experience with KDB/q, HighCharts, HTML5 and AngularJS would be a plus. The candidate will not be directly responsible for building pricing and analytics library, but will interface with trading desk in making sure that the tools fit the need of the credit index / options trading desk. For this a background in mathematics is required. E.g. a relevant bachelors level degree, or equivalent with mathematical content: Math, Engineering, Physics or Computer Science
The role will involve all aspects of the software life cycle including gathering requirements from the credit index/options traders, design and implementation, all the way through to production roll out. We need flexible candidates who are practical technologists, show excellent problem-solving skills and enjoy all aspects of software development
Specific product knowledge of credit index/options/tranches is not essential but a willingness and ability to learn is a must. The successful candidate will work closely with several global teams within the FID department and, when necessary, interact directly and independent with the business unit and with the Firm’s middleware groups when using their frameworks/softwareQualifications
Technical Skills and Experience:
The ideal candidate will have:
Strong core Java:
- Data structures, design patterns and collections
- Multi-threaded programming
- Java standard APIs
- Core Scala APIs including the collections
- Usage of ‘implicit’ methods, parameters and classes
- Functional programming idioms
- Understanding of the performance characteristics of common Scala idioms
- Process management
The ideal candidate should also have 1 of the following skill sets:
Web front end development:
- Data Visualization Tools (e.g. HighCharts, SlickGrid)
- Q programming
- KDB architecture
- Eclipse IDE ( we use 3.8 ) or IntelliJ
- Good communication skills, experience of front office environments
- Risk Aggregation and Netting
- Fixed Income business / analytical knowledge
- Unix/Linux shell
- Regulatory capital rules
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.
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.
Given the continued spread of COVID-19 (coronavirus), all interviews will be conducted by phone or virtual connection to protect our candidates and employees.
For further information, and to apply, please visit our website via the “Apply” button below.