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. The Commodities Division is a market leader in energy, metals, and agricultural product trading worldwide whose professional's trade in both physical and derivative commodity risk.
The xVA Trading Desk is looking for an Associate or Vice President level Trader. The xVA business is responsible for pricing and risk managing counterparty, funding and collateral risks associated with OTC derivatives for Morgan Stanley's Fixed Income Division. The desk coverage includes Rates, FX, Credit and Commodities OTC derivatives.
Job DescriptionThis role includes evaluating and pricing of credit and funding as well as collateral optionality; risk-managing the existing derivative portfolio by executing trades and optimizing portfolio hedges as well as frequent communication with the sales and trading desks for general counterparty issues.
- Evaluate new transactions & price xVA for those trades.
- Risk manage trading book positions, understand risk measures, and ensure risk limits are adhered to.
- Execute transactions for hedging of xVA risks in accordance with desk procedures.
- Manage day-to-day issues of trading book; P&L review and sign-off, trade bookings, new trade fees etc.
- Provide feedback to functional groups related to derivative risks arising from ISDA terms.
Qualifications- Bachelor or Masters in a quantitative field such as Math, Engineering or Science.
- Good understanding of Fixed Income Products (Rates, Bonds, FX, CDS...).
- Able to perform in a high paced environment, make fast decisions and prioritize as required.
- Strong quantitative, analytical, and problem-solving skills.
- Team player, enthusiastic and willing to learn.
Expected base pay rates for the role will be between $150,000 and $200,000 per year at the commencement of employment for Associate and between $160,000 and $250,000 at the commencement of employment for Vice President. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
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