Structured Rates Strategist - Associate London The Structured Rates desk strat team focuses on the following areas: developing pricing and risk models and systems to support Structured Rates trading in interest rate option and exotic products; undertaking operational tasks for the trading desk such as calculation of valuation adjustments and remark impacts; assisting the desk with pricing, risk management and any ad hoc investigations that arise. 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? Structured Rates is seeking an experienced candidate to contribute to rates options and exotics model development and trading desk support. Primary responsibilities include: Active development and production support of valuation models in C++ analytics libraries Active development and production support of Scala-based risk and P&L systems and trading applications Establishment of a close relationship with traders and structurers; quantitative support for the London trading desk Close collaboration with operations and middle office to ensure robust operational risk control of Structured Rates models Close collaboration with other strat teams globally, contributing new pricing and modelling ideas and technical expertise Translation of front office business needs into clear, achievable deliverables by strat and technology teams What we’re looking for: Deep understanding of quantitative modelling, valuation and market behaviour of interest rates and option/exotic products Some knowledge of credit hybrids and bond derivatives Experience in risk and P&L implementation and trading application development A minimum of 3 years of relevant experience Strong programming skills. Experience in C++ and/or Scala is highly desirable, and experience in Python is useful Experience of working with, and managing deliverables of, business partners such as Technology and Finance is helpful Skills that will help you in the role: Advanced degree in a quantitative field such as Mathematics, Financial Engineering, Statistics, Engineering, Physics or Computer Science; Strong communication skills (the role requires effective collaboration across a range of groups and regions); Ability to present complex issues clearly, both verbally and in writing; Ability to work thoughtfully, independently and manage multiple projects. Where will you be working? London 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. Internal Applicants: Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here. Equal opportunities statement: Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents. #LI 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. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. 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 opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents. At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society. What We Do