Job Description

Morgan Stanley & Co., LLC seeks a Vice President in New York, New York

Trade and risk-manage complex and non-standard derivative products, including trades that span multiple asset classes and innovative payoffs on index, single stock, and algorithmic strategy underliers. Utilize a wide variety of market instruments and complex risks to price and hedge the risk of exotic options and notes, including cliquets, barrier options, volatility target options and variance-based products. Work with software engineers on development of new tools to increase efficiency. Book new trades and coordinate other life-cycle events. Respond to client requests about products and pricings. Run backtests to optimize hedging strategies. Work closely with the Financial Engineering group to manage risk, price new trades, and design new custom strategies.

Qualifications:

Requirements:

Requires a Master's degree in Financial Engineering, Operations Research, Economics, or a related field of study and one (1) year of experience in the position offered or one (1) year of experience as an Analyst, or related occupation. The employer will accept a Bachelor's degree in Financial Engineering, Operations Research, Economics, or a related field of study and 3 years of experience in lieu of Master's degree and one (1) year of experience. Employer will accept a 3-or-4-year bachelor's degree. Requires any amount of experience with: stochastic volatility models implementation and calibration; partial differential equations; Monte-Carlo Simulation; Excel, trading of equity derivative products, backtesting of financial strategies, modelling of FX and equity derivative products.

Qualified Applicants:

Morgan Stanley Use Only: *LI-DNI

Valid through: 4/19/2021

About Morgan Stanley

Dean Witter Reynolds was an American stock brokerage and securities firm catering to retail clients. Prior to the company's acquisition, it was among the largest retail firms in the securities industry with over 9,000 account executives and was among the largest members of the New York Stock Exchange. The company served over 3.2 million clients primarily in the U.S. Dean Witter provided debt and equity underwriting and brokerage as mutual funds and other saving and investment products for individual investors. The company's asset management arm, Dean Witter InterCapital, with total assets of $90.0 billion prior to the acquisition, was one of the largest asset management operations in the U.S. Dean Witter Reynolds was founded in 1978 as the merger of Dean Witter & Co. and Reynolds Securities, which was then the biggest merger in the history of Wall Street. The company was acquired by Sears in 1981, and was renamed "Dean Witter, Discover & Co." in 1993 when Sears spun off the company. The company also owned Discover Card. In 1997, Dean Witter, Discover & Co. merged with investment banking house Morgan Stanley to form "Morgan Stanley Dean Witter & Discover Co.". The combined firm later dropped the "Discover Co." name in 1998 and further the "Dean Witter" name in 2001. In 2009, the Dean Witter retail operations were transferred to Morgan Stanley Smith Barney, a joint venture with Citigroup.

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