IED, Strats – Derivatives research, Associate/Vice President

Paris, France
Not disclosed
10 Nov 2021
10 Dec 2021
Approved employers
Approved employer
Contract type
Full time
Experience level

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 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 derivatives research strat team based in Paris conducts research on derivative products and problematics surrounding their risk management and P&L at large. This covers a wide range of studies on exotic products convexities and risk profiles, model dynamics and calibration, market data analysis, hedging strategies and PnL analysis, and risk management optimization. The team works very closely with trading management and the quant teams globally in order to deliver guidelines and solutions to optimally price and risk manage exotics and more general derivatives businesses. Many of the problematics arising are at the frontier of the industry knowledge and give opportunities to produce original and impactful research.


The person joining the team will be able to take part in these various projects. The day-to-day responsibilities will vary according to the problematic being studied, but can include literature reviews, market data and portfolio data analysis, mathematical formulation of the proposed model or solution, numerical testing and prototyping in Python, working with IT and strats to implement strategic solutions, etc. Rigor and continued scientific questioning are key in having a successful contribution or to the minimum quantifying the uncertainty surrounding the produced results.


Skills required

  • An advanced degree, or equivalent, in a quantitative subject such as Engineering, Applied Mathematics, Physics, Software Engineering
  • Experience in the financial industry (quant or derivatives trader)
  • Strong knowledge of equity derivatives pricing and risk management
  • Strong programming skills (Python and/or Java and/or C++)
  • Good knowledge of Statistics/Econometrics/Data Science in the context of financial data analysis
  • 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.

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 employee

For further information, and to apply, please visit our website via the “Apply” button below.

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