Fid – Commodities

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 Department, 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. North American Power and Gas (NAPG) trades physical and financial power and gas in United States and Canada. NAPG creates and manages structured transactions in duration of one to twenty plus years. NAPG manages resources and provides load-following services, buys and sells tolls and other risk management needs for municipals, commercial and industrial load, load aggregators, independent power producers and renewable generation developers.

This role is for an Analyst/Associate on the NAPG Origination desk within the Commodities department, based in New York.

A successful candidate would be able to develop a deep understanding of market structure, fundamentals, and client flows within the NAPG markets. The candidate would work closely with the origination team in most aspects of their business for clients as well as being market-facing and negotiating transactions directly with clients.

Additionally, the candidate would work closely with sales and origination team to facilitate client business and specific tasks will include:

• Working directly with clients to understand their energy needs and develop solutions to support client transactions

• Working with internal key-decision-makers to identify value-additive commercial opportunities to support client business

• Establish and maintain new client relationships to drive value behind the existing Morgan Stanley NAPG platform

• Day-to-day support of structured power products and flow trades.

• Developing external pitch books and generating trade ideas

• Assisting in trade execution process including trade booking, new issue order taking and general sales back-up across the desk

• Developing cash flow models and presentations to assist with credit requests

• Assessing credit risk of major projects originated by senior members of the team

• Running deal metrics for transactions including market risk and counterparty risk calculations

• Perform related duties and participate in special projects as required

• Working with numerous internal teams: other sales, trading desks (natural gas/oil/metals), investment bankers, credit, legal and mid/back/administrative office staff

Requirements:

• a minimum of a Bachelor’s degree in a relevant field

• 0-5 years of experience, commodity Sales, Trading, Origination, Structuring, or Investment Banking

• Strong financial modelling competency

• Strong numeracy skills, intimate understanding of accounting concepts, financial statements, cashflows and corporate finance valuation.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Expected base pay rates for the role will be between $110,000 and $125,000 per year commencement of employment for Analyst, and between $150,000 and $200,000 per year commencement of employment for Associate. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).