Fixed Income Division- Associate/ VP, Junior Commodities Options Trader (London)

935 MS & Co Intl Plc - UK; Greater London; On-site; GBP 120,000 - 190,000; Full time

Job summary

Morgan Stanley’s Fixed Income Division is seeking a Junior Commodities Options Trader in London, with an Associate/VP level depending on experience. This role involves sourcing liquidity, pricing option structures, and supporting daily P&L and risk management in a fast-paced commodity options desk.

You will work closely with the options book runner, commodity trading teams, and sales to develop trading views and implement strategies amid evolving market conditions.

Qualifications

• A highly quantitative candidate with options trading experience, preferably in commodities.
• Knowledge of options theory and commodity markets.
• Proven experience in managing PnL and risk.
• Hard-working, entrepreneurial, and capable of generating ideas in a high-pressure environment.

Responsibilities

• Source liquidity in commodity options markets to respond to client requests.
• Price and manage options portfolios using option pricing and greeks.
• Assist the options book runner with P&L reconciliation and reporting.
• Collaborate with the commodities sales and trading teams to share market views.
• Monitor market trends and macro data to inform trading strategies.

Skills

Quantitative

Options trading

PnL risk

Team player

Job description

Fixed Income Division- Associate/ VP, Junior Commodities Options Trader London

An exciting opportunity has arisen to join Morgan Stanley’s leading commodities trading business as a junior options trader. With interest in commodity markets as high as it has been in recent years, we are looking to hire a candidate to join our dynamic London-based team as we seek to capitalize on opportunities in the markets going forward. This can be an Associate/VP role depending on the candidate.

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.

What will you be doing?

• You will be sourcing liquidity in the commodity options markets to respond to client requests – corporates and hedge funds.
• You will be pricing option structures and managing an options portfolio – using your knowledge of option pricing fundamentals and risk sensitivities (greeks).
• You will be working directly with and assisting the options book runner in day-to-day tasks including P&L reconciliation and reporting, position management and analysis of volatility surfaces.
• You will be working closely with the commodities sales team as well as the wider commodity trading team to share views on options markets.
• You will maintain awareness of current market trends, macroeconomic data and commodity fundamentals, and harness this information when developing trading strategies.

What we’re looking for

• A highly quantitative candidate, with previous options trading experience a requirement (preferably within commodities) who can demonstrate a thorough understanding of options theory and commodity markets.
• Proven experience in successfully managing PnL/Risk
• A hard working and entrepreneurial candidate, capable of generating their own ideas and dealing with complex concepts.
• A good team player, comfortable in working in a high-pressure collaborative team environment.

Certified Persons Regulatory Requirements

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

Flexible work statement

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

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.

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.

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.

What We Do

At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.