Fixed Income Division - Associate/Vice President, Agency MBS CMO/Derivatives Trading
- Full-time
Morgan Stanley Securitized Products Group Trading Team
The Securitized Products Group (SPG) Trading team is looking for an experienced Associate to VP to join the Collateralized Mortgage Obligation (CMO) / Agency Derivatives (IO/IIO) desk.
Primary Responsibilities
- Price, hedge, evaluate, manage book, and engage with clients as an MBS CMO/derivatives trader and market maker
- Assess relative value across agency specified pool, CMO and derivatives market
- Formulate, express and execute trade ideas within rates, vol and mortgages, in products including but not limited to: treasury futures and futures options, swaps and swaptions, mortgage TBAs and TBA options
- Interact with diverse client base to provide liquidity as a market maker and build firm relationships
- Assist desk with PnL reporting, compiling market color, indications, and weekly commentary
- Maintain frequent dialogue with teams internally including but not limited to: IT, strats, sales, trading desks, research, operations, and finance
Qualifications
- Strong quantitative, analytical and interpersonal skills
- Proactive worker with the ability to work as part of a close-knit team as well as independently
- High level of initiative, motivation, attention to detail, positive attitude, and the ability to work in a fast paced environment
- Minimum education qualification is a Bachelor's degree
- Experience structuring or trading CMOs is preferred
Expected base pay rates for the role will be between $150,000 and $250,000 per year at the commencement of employment for Associate/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.
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.