The Fixed Income Division is comprised of 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 Division is a market leader in energy, metals, and agricultural product trading worldwide whose professional's trade in both physical and derivative commodity risk.

Morgan Stanley's Securitized Products Group (SPG) contains several Trading Businesses (Agency MBS, residential mortgage loans, RMBS, CMBS, CLOs, and other ABS), a lending arm that focuses on traditional Commercial Real Estate as well as Warehouse (FID Secured Lending "FSL"), and a CUSIP financing business. This is a complex and growing portfolio of businesses within Morgan Stanley that serve a wide range of clients to execute on their business strategies.

The SPG Trading team is looking for an experienced Analyst to Associate level candidate to join the team.

Primary Responsibilities:

• Price, hedge, evaluate, manage book, and engage clients as an MBS options trader and market maker.
• Assess relative value across macro markets (USD rates and vol) as well as within agency MBS and mortgage vol
• Formulate, express and execute trade ideas within rates, vol and mortgages, in products including but not limited to: treasury futures and futures options, swaps and swaptions, mortgage TBAs and TBA options
• Interact with diverse client base to provide liquidity as a market maker and build firm relationships
• Assist desk with pnl reporting, compiling market color, indications, and weekly commentary
• Maintain frequent dialogue with teams internally including but not limited to: IT, strats, sales, trading desks, research, operations, and finance

Qualifications

• Strong quantitative, analytical and interpersonal skills
• Proactive worker with the ability to work as part of a close-knit team as well as independently
• High level of initiative, motivation, attention to detail, positive attitude, and the ability to work in a fast paced environment
• Minimum education qualification is a Bachelor's degree

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).