Department Profile

The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. Morgan Stanley aligns its municipal investment banking, underwriting, sales, trading, lending, and M&A advisory in one integrated organizational group under the umbrella of the Municipal Securities Division.

Background on the Team

Within Municipal Securities, Municipal Lending provides direct capital to public sector entities and not-for-profit institutions in the United States. The group deploys Morgan Stanley's balance sheet to purchase securities or commit funding in the form of direct-registered loans. Distinct functions within the Municipal Lending group include client coverage and deal origination, quantitative structuring and credit analysis, and ongoing portfolio risk management.

Primary Responsibilities
• Ongoing Portfolio Monitoring and Reporting: support the desk's risk management processes by collecting, synthesizing, and presenting internal portfolio data on a recurring basis, including daily P&L summaries, daily portfolio credit and risk snapshots, and portfolio trends over specified time periods
• Market Data Analysis and Presentation: support new business origination by collecting, synthesizing, and presenting publicly available market and trade data, including but not limited to comparable transaction pricing, secondary market trading history, and analysis of investor holdings
• Product Marketing Support & Presentations: create and maintain standardized marketing pages for unique product offerings, including market snapshots and lending transaction case studies
• New Business and Ongoing Portfolio Credit Analysis: collect and synthesize financial statements and gather public news on prospective borrowers as well as portfolio constituents to aid in credit analysis for new business origination and ongoing portfolio credit surveillance
• Management Reporting & COO Functions: assist with ad hoc projects for the Municipal Securities COO team, including quarterly business updates to senior leaders

Skills Desired
• Undergraduate degree, preferably in a quantitative field such as quantitative finance, math, computer science, or engineering
• Basic knowledge of Fixed Income products
• Proficient in Microsoft Excel and PowerPoint
• Working knowledge of Python and VBA
• Strong communication, analytical, and problem-solving skills
• Highly organized, detail-oriented and thorough
• Ability to multi-task
• Ability to work collaboratively on group projects and independently on individual assignments
• Ability to think creatively and strategically in a dynamic and entrepreneurial work environment
• Proactive and results-oriented mindset

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.