Fixed Income Division – Analyst, Rates Trading (London)

Morgan Stanley; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Morgan Stanley in London seeks a highly capable FID – Linear Rates Trader – Analyst to trade Linear Rates products (Bonds, Swaps, Inflation) across the EMEA region and to act as a market maker for rates using robust risk management and analytics.

You will create and circulate market information, trade ideas and commentary on a daily basis, while managing daily P&L reporting and applying advanced quantitative models for relative value and valuation in a collaborative environment with sales,

Qualifications

• Quantitative degree in STEM is required.
• Experience with language models or machine learning would be beneficial.
• Expert knowledge of Fixed Income products with a focus on Interest Rates.
• Strong work ethic and discipline to maintain consistent markets for clients and information flow.
• Proven ability to build models for trading and risk management.
• Experience writing trading colour and presenting ideas/strategies.

Responsibilities

• Trade Linear Rates products (Bonds, Swaps, Inflation) in the EMEA region as primary responsibility.
• Act as market maker for Rates products including relative value trading and hedging.
• Create and distribute market information on customer flows, trade ideas and commentary daily and intra-daily.
• Manage daily profit and loss reporting and apply quantitative modelling for relative value analysis and valuation.

Skills

Quantitative degree

ML experience

Fixed Income expertise

Trading model building

Trading colour presentations

Networking with clients

People management

Trading systems analytics

Education

Quantitative degree in STEM

Job description

FID – Linear Rates Trader – Analyst

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

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. We 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.

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 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 across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading.

From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market‑making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast‑changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions.

What will you be doing?

• The successful candidate will be primarily responsible for trading Linear Rates products (Bonds, Swaps, Inflation) in the EMEA region
• Acting as market maker for Rates products including relative value trading and hedging
• Creating and distributing market information on customer flows, trade ideas and general commentary on a daily and intra‑daily basis
• Managing daily profit and loss reporting and utilizing highly specialized quantitative knowledge for relative value analysis and valuation and complex modelling of financial data.

Skills that will help you in the role:

• Quantitative bachelor’s degree in a STEM subject (Finance/ Maths /Economics or Engineering)
• Previous experience with language models/machine learning would be considered beneficial
• Expert knowledge of Fixed Income products with a specialisation in Interest Rates
• Strong work ethic and daily discipline to make consistent markets for clients and daily information flow across the NY and HK desks.
• Proven experience of building models for trading and risk management.
• Demonstrated ability of writing comprehensive trading colour and making presentations on trading ideas and strategies.
• Excellent networker who is comfortable liaising with clients, sales, traders.
• Strong people management skills, dealing with infrastructure partners and experience of building trading systems and analytics.

Internal Applicants

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.

Equal opportunities statement:

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.

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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.

Certified Persons Regulatory Requirements:

If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

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.