Morgan Stanley & Co. LLC seeks an Associate, Trading in New York, New York
Facilitate trades and structure existing and new Collateralized Mortgage Obligations. Responsible for pool and Collateralized Mortgage Obligations. Collaborate with clients and sales departments. Trade and bid underlying collateral (Mortgage-Backed Securities). Produce month end commentaries to provide market update for internal and external stakeholders. Quantify relative value of the security by computing Option Adjusted Spread Analysis, Option Adjusted Duration, and Convexity. Monitor current risk of exiting position using Hedge Rations.
Salary: Expected base pay rates for the role will be between $200,000.00 and $200,000.00 per year 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.
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Requirements:
Requires a Master's degree in Economics, Finance, or a related field of study and three (3) years of experience in the position offered or three (3) years as an Associate, Analyst, or a closely related occupation. Requires three (3) years of experience with: Agency Mortgage-Backed Securities (MBS) trading including To-Be-Announced (TBA) securities, Ginnie and Conventional specified Pools, Collateralized Mortgage Obligations -new issue and secondary, and Adjustable Rate Mortgage backed securities; MBS markets including MBS duration, convexity, mortgage prepays, dollar rolls, spread metrics including zero-volatility, option-adjusted spread, Z-spread, and option costs calculation; macroeconomics, game theory microeconomics, and fixed income products including U.S. government bonds and futures; Excel; Intex Dealmaker; Yieldbook; and Bloomberg. Requires certificate: FINRA Series 63.
Qualified Applicants:
To apply, visit us at https://morganstanley.eightfold.ai/careers?source=mscom and enter JR000475 in the search field. No calls please. EOE
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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
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).