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

Morgan Stanley; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Morgan Stanley in London is seeking a junior commodities options trader (Associate/VP) to source liquidity, price options, and manage an options portfolio. You will work closely with the options book runner and the sales team to implement trading strategies and monitor risk, P&L, and volatility surfaces in a fast-paced environment.

The ideal candidate brings strong quantitative skills, proven options trading experience in commodities, and a collaborative mindset, capable of thriving under

Qualifications

• Previous options trading experience, preferably within commodities.
• Proven experience in managing PnL/Risk.
• Hard-working and entrepreneurial, capable of generating own ideas and handling complex concepts.
• Strong team player in a high-pressure environment.

Responsibilities

• Sourcing liquidity in the commodity options markets to respond to client requests – corporates and hedge funds.
• Pricing option structures and managing an options portfolio – using option pricing fundamentals and risk sensitivities (greeks).
• Working with the options book runner on P&L reconciliation, reporting, position management and volatility- surface analysis.
• Collaborating with the commodities sales team and the wider trading team to share views on options markets.
• Maintaining awareness of market trends, macro data and commodity fundamentals to inform trading strategies.

Skills

Options trading

PnL risk management

Quantitative analysis

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.

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.

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.

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.