IED - Derivatives Strat - Associate / VP

Morgan Stanley’s Equities Derivatives division is seeking a Strategist / Quantitative Analyst to join its Derivatives Strat team, with a primary focus on the pricing and risk management of complex derivatives.

Strats are integral contributors to the firm’s revenue-generating activities, working in close collaboration with traders, sales, and structurers within the Sales & Trading Division. They play a leading role in shaping the desks’ strategy and position across a broad range of risks and products.

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?

• Develop and enhance quantitative models for the pricing, risk management, and analysis of equity derivatives products, with a focus on identifying and understanding model-driven biases.
• Conduct in-depth research into market dynamics to refine pricing methodologies and strengthen risk management frameworks.
• Design and execute backtesting of inventory management and trading strategies, rigorously assessing performance and robustness across a range of market conditions.
• Build and maintain analytical tools, data pipelines, and research platforms to support the activities of trading teams.
• Collaborate closely with traders to support decision-making processes and optimize product selection.

What we’re looking for:

• Master’s degree or PhD in Mathematics, Statistics, Physics, Engineering, Computer Science, or a related quantitative discipline.
• At least 3 years of experience in quantitative finance, preferably within equity derivatives, as a quantitative analyst, trader or financial engineer.
• Solid understanding of financial markets, particularly equity derivatives products and risk metrics.
• Strong foundation in stochastic calculus, pricing theory, probability and statistics.
• Solid understanding and intuition of derivatives products risks and model-dependencies.
• Experience with large-scale data analysis and model validation techniques.
• Proficiency in Python for quantitative development.
• Excellent analytical, problem-solving, and critical-thinking skills.
• Strong communication skills, with the ability to collaborate effectively with teams across functions.
• Self-motivated individual with strong attention to detail and the ability to manage multiple priorities in a dynamic environment.

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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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