Morgan Stanley Investment Management Inc. seeks an Associate, Trading in New York, New York

Analyze, execute, and reconcile trades for Money Market instruments including US Treasuries, US Agencies, Corporate Credit securities, and Repurchase Agreements. Collaborate with investment teams to manage intraday liquidity and cash positions. Communicate regularly with internal teams regarding client cash flow requirements. Provide portfolio managers and related teams with updates on market conditions and investment strategies. Develop and maintain strong relationships with new and existing counterparties to generate market color and investment ideas. Telecommuting permitted up to 1 day a week.

Salary:

Expected base pay rates for the role will be between $138,000 and $140,000 per year at the commencement of employment. 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.

Requirements:

Requires a Master’s in Finance, Economics, or a related field and two (2) years of experience in the position offered or two (2) years as an Analyst, Trading Analyst, or a related occupation. Requires (2) years’ experience with: Executing and managing trade reconciliation specifically for U.S. Treasury Products and Repurchase Agreements (Repos), including detailed trade execution and booking, collateral valuation, margin analysis, and settlement operations; Developing complex quantitative financial models and trade reconciliation automation solutions using Excel VBA; creating macros, pivot tables, dynamic dashboards, and automated trade blotters; Conducting data analytics and financial modeling using Python, including applying statistical and machine-learning libraries such as Pandas, NumPy, statsmodels, and scikit-learn for yield-curve calibration, interest rate forecasting, or portfolio optimization; Writing complex SQL queries involving joins, aggregations, subqueries, and stored procedures to extract, transform, and analyze large-scale financial market datasets, trade data, or risk metrics; Using Trade Booking Management systems; Utilizing Bloomberg Terminal's advanced functions including FIT, SWPM, YAS, GC, VCON for securities pricing, scenario analysis, and trading operations; using TradeWeb for booking and execution; Conducting comprehensive macroeconomic forecasting and quantitative risk analysis, employing methodologies such as regression models, Monte Carlo simulations, Principal Component Analysis (PCA), and time-series econometric modeling of ARIMA, GARCH; Performing detailed analysis and interpretation of banking systems, short-term funding markets, treasuries instruments, and counterparty credit exposure metrics; Analyzing and interpreting U.S. Treasury auction mechanics, including yield curve implications, competitive and non-competitive bidding dynamics, bid-to-cover ratio trends, and their direct impact on treasuries liquidity and portfolio strategies; and Designing and implementing stress-testing frameworks and sensitivity analyses for fixed-income portfolios, specifically evaluating impacts of interest rate shifts, liquidity shocks, and funding market disruptions.

Qualified Applicants: To apply, visit us at https://morganstanley.eightfold.ai/careers?source=mscom and enter JR015143 in the search field. No calls please. EOE

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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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