European High Yield Trader

European High Yield Trader
Paris, France

Morgan Stanley is hiring an Analyst or Associate for its London based Credit Trading desk, supporting market making across European High Yield bonds & CDS. The desk serves a client base spanning major asset managers, hedge funds, insurers, and pension funds. Working alongside senior traders, you will help manage risk, develop credit commentary, and support the pricing and execution of client business. The position sits within the front office and is regulated, giving you direct exposure to live markets and a solid foundation for a long term career in credit trading.

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?

• Supporting the pricing and risk management of positions across the European High Yield bond & CDS book.
• Analyzing credits and producing written commentary to surface trading opportunities for clients and the desk.
• Partnering with sales to price incoming client inquiries and relay trading levels as markets move.
• Putting together clear summaries and materials for sales, traders, and clients covering key credit developments.
• Working alongside desk analysts to form and refine views across names.
• Building relationships with market counterparts such as portfolio managers and traders.
• Upholding the highest standards of compliance in line with Morgan Stanley's core values.

What we’re looking for:

• Direct exposure to trading high yield bonds.
• A solid grasp of credit fundamentals, paired with the confidence to engage directly with clients.
• Strong communication skills, with the ability to stay composed under pressure and manage tight deadlines.
• A degree, or equivalent experience, in a relevant discipline such as finance, economics, or mathematics.

Skills that will help you in the role:

• Familiarity with trading and risk management systems, or market data platforms such as Bloomberg.
• Additional European language skills, while not essential for the role.

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.

Where will you be working?

• Paris, France

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.

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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.

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