Delta-One Trading Associate

Morgan Stanley; New York (NY); On-site; USD 175,000 - 200,000; Full time

Job summary

Morgan Stanley is seeking an Associate, Trading in New York, NY to manage institutional client flow on delta-one ETFs, swaps, futures, and forwards on major US equity indices. You will devise and monitor automated trading strategies and work closely with quantitative strategists to optimize hedging and pricing.

The role requires a Bachelor's in Finance or related field and 2 years of experience in trading or analyst roles, with strong Python, VBA, and Bloomberg skills.

Qualifications

• Bachelor's degree in Finance, Financial Engineering, or related field.
• Two years of experience in the position offered or as an Analyst, Trading or related occupation.
• Experience with derivatives pricing and valuation including ETFs, swaps, futures, forwards, options, and structured products.
• Understanding of hedging, leverage, financing, dividends and corporate actions and equity market microstructures.
• Forecasting and trading index rebalances using CuBa, Batman, and Carbon.
• Advanced analytical and mathematical skills.
• Dynamic hedging optimization and arbitrage discovery.
• Proficiency with Microsoft Office and VBA Macros.
• Programming, data analysis and modeling using Python.
• Risk management, analysis and portfolio performance attribution using RiskViewer and TraderDesktop.
• Experience with project management and process automation.
• Algorithmic trading strategy design, documentation, parameter analysis, and monitoring.
• Client flow management through IPC turret and Bloomberg.
• Cross-functional collaboration and project management with risk, technology, and operations teams.
• Attention to detail in pricing, execution, and trade reconciliation.
• Demonstrating compliance-awareness and adherence to trading and regulatory guidelines.

Responsibilities

• Manage institutional client flow on delta-one ETFs, swaps, futures, and forwards on major US equity indices.
• Devise and monitor automated trading strategies on delta-one derivatives.
• Identify spread trading opportunities and index arbitrages.
• Work closely with the quantitative strategists for algorithm design.
• Manage risk for client and proprietary trading positions, including monitoring daily exposure and executing portfolio rebalances.
• Develop analytical models and internal tools to evaluate dividend, carry, basis risk, and financing resource optimization.
• Work closely with derivatives sales, cash and future execution desks.
• Lead discussions on product offerings, market developments, and trading strategy.

Skills

Derivatives pricing

Index rebalances

Advanced analytics

Dynamic hedging

Office VBA

Python

Risk tools

Project management

Algorithmic trading

Bloomberg

Cross-functional

Detail-oriented

Regulatory compliance

Education

Bachelor’s in Finance/Financial Engineering/related field

Tools

CuBa

Batman

Carbon

Bloomberg

TraderDesktop

RiskViewer

IPC turret

Microsoft Office

VBA Macros

Python

Job description

Morgan Stanley is seeking an Associate, Trading in New York, NY to manage institutional client flow on delta-one ETFs, swaps, futures, and forwards on major US equity indices. You will devise and monitor automated trading strategies and work closely with quantitative strategists to optimize hedging and pricing.

The role requires a Bachelor's in Finance or related field and 2 years of experience in trading or analyst roles, with strong Python, VBA, and Bloomberg skills.