Vice President Derivatives Strategist

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About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

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. We 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 overview

The Institutional Equity Division (IED) is a global leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. The Firm’s equity Sales & Trading operations provide liquidity, distribute content, and create product solutions to help our clients generate alpha.

Team overview

Morgan Stanley's Equities Derivatives division is looking for a strategist/quantitative analyst for its Risk and Modelling team.  The Risk and Modelling team maintains, develops and improves production models used to value and hedge exotic equity and hybrid derivatives, and is at the heart of the wider derivative strat team.  Team members sit in close proximity to Sales and Trading and take key roles in revenue-generating activities. 

Flow Modelling strategists are key participants, together with traders, in the revenue-generating and risk management activities of our Sales & Trading Division. Flow Modelling strategists are the primary modellers for new products, and team with the traders to deliver innovative ideas using models to analyse risks and opportunities in trading books for derivatives.

Flow Modelling Strats are responsible for implementing and supporting the models used in all of derivative trading.  They also look after automation of the derivative product flow, including pricing methodology, control of the pricing platform and automated booking.  They also assist with tooling for derivative trading, to improve the risk management and hedging infrastructure.

What will you be doing?

• Developing diffusion models, PDE solvers, calibration processes and other quant models
• Carrying out exotic product analysis and pricings
• Rolling model improvements out to production
• Researching cutting edge techniques and making practical use of them

What we’re looking for:

• An advanced degree in a quantitative subject such as Engineering, Applied Mathematics, Physics, Software Engineering is mandatory.
• Very strong modelling skills, with knowledge of equity derivatives models
• Very strong programming skills in an object-oriented language applied within the library of a front office team.
• Good knowledge of Probability, Numerical Analysis, Stochastic Calculus, Approximation theory, Partial Differential Equation, and an expertise in either of these subjects.
• Drive and desire to work in an intense team-oriented environment.
• Ability to communicate effectively in both written and verbal English.
• Any experience in Corporate Derivatives would a be a plus but not essential

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 backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.