US Interest Rate Swaps Algorithmic Trading Strategist
Morgan Stanley
US Interest Rate Swaps Algorithmic Trading Strategist
Morgan Stanley
Manages investments and advises on financing
Role Overview
The US E-Swaps team builds advanced models and systems that power trading in USD interest rate swaps. As a quantitative strategist focused on algorithmic market making, you will help build, improve, andoperateautomated trading strategies that support the performance of the business.
This role combines quantitative research, hands-on development, and close engagement with live trading systems. You will analyze market data,identifysignals and monetizable opportunities, and translate those insights into enhancements across pricing, hedging, execution, and risk management. Your work will influencePnL, market share, client coverage, execution efficiency, and how the algo responds to changing market conditions.
This is a high-impact front-office role with strong visibility. You will collaborate closely with trading, sales, fellowstrats, and technology teams while contributing to the desk’s trading performance and automatedmarket-makingcapabilities.
Key Responsibilities
Lead initiatives across the full lifecycle of electronic and algorithmic market making, from research and modeling to back-testing, deployment, live monitoring, and performance optimization.
Use quantitative methods, including machine learning and statistical modeling, to build, improve, andoperateautomated trading strategies across pricing, hedging, execution, and risk management.
Analyze market data, trading behavior, client flow, and execution patterns toidentifysignals and monetizable opportunities, then translate those insights into practical enhancements to live trading algorithms.
Monitor algo performance and market conditions to help ensure strategies respond effectively to changing market dynamics.
Partner with trading and sales toidentifyopportunities that improvePnL, market share, client coverage, and execution efficiency.
Collaborate with technology teams to develop solutions that are robust, scalable, andproduction-ready.
Required Qualifications
4+ years of experience ina quantitativerole, ideally within trading, electronic market making, algorithmic trading, or a front-office environment.
Bachelor’s degree or higher in Computer Science, Engineering, Mathematics, Physics, Financial Engineering, or a related quantitative field.
Strong programming skills in Pythonandworkingunderstanding of software development lifecycleand system design.
Experience working with large or high-frequencymarketand trading datasets usingKDB/q.
Strong analytical and problem-solving skills, with sharp attention to detail and a proactive mindset.
Preferred Qualifications
Familiarity with Java or other object-oriented programming languages.
Experience working on automatedmarket-makingstrategies, including pricing, hedging, execution, or risk-management logic.
Experience withratesproduct including swaps, USTs, bond/rate futures, andfamiliarity with pricing and risk calculation.
Ideal Candidate Profile
The ideal candidate is a hands-on quant strategist who combines strong technical skills with a rigorous analytical approach and takes ownership from idea generation and design through implementation, testing, and ongoing improvement, with a focus on practical business impact.
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.
Expected base pay rates for the role will be between $150,000 - $200,000 per year for Associate and between $225,000 - $250,000 for Vice President at the commencement of employment. 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 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.
Manages investments and advises on financing
Morgan Stanley advises companies and governments on financing and manages investments for institutions, individuals, and families. Its business combines investment banking and securities trading with wealth management and an asset-management division that invests across public and private markets. Bankers arrange stock and bond sales and advise on mergers, while advisors build client portfolios and fund managers invest money under agreed strategies. The firm earns advisory and management fees, trading revenue, commissions, and interest from lending and deposits. Morgan Stanley was founded as a partnership in 1935 and is headquartered in New York City.
Explore more opportunities at Morgan Stanley