Institutional Securities

Off-Cycle Quantitive Finance

Placement and duration

Quantitative Finance Analysts and Associate Strategists are placed in a strategists (‘strats’) team related to their specialism, but will typically be partnered with particular business lines or desks to work on specific projects or models. The Analyst and Associate Program provides work across Institutional Securities, which encompasses Fixed Income and Institutional Equities. You can expect to take on significant responsibility as soon as you start. You will work directly with clients and/or desks at a senior level, applying your skills and subject-matter expertise, to help them make strategic decisions, develop quantitative edge, drive efficiencies and effect changes.

Training Program

Quantitative Finance Off-Cycle Interns will complete divisional on-the-job training that features market knowledge training, a desk placement project within equity or fixed income products, and regular review meetings.

Responsibilities

  • Strategists typically work very closely with desks across business lines and are commercially driven and revenue focussed. The below three profiles describe the different categories of role available in Strats, however in many cases an individual role will encompass aspects of each.
  • Electronic Trading Strategists are financial software engineers who design, implement, back-test, deploy and measure intelligent automated trading components and systematic trading strategies.
  • Working closely with Quant Trading Strategists and trading desks, they rapidly provide new solutions and bring efficiencies and quantitative edge to existing business processes within a dynamic market-driven environment.
  • Quant Modelling Strategists use applied probability and numerical analysis to create pricing models and hedging strategies that drive trading decisions.
  • Working closely with trading desks, they enhance Morgan Stanley's ability to trade innovative products and improve the management of the Firm’s trading risk.
  • Quant Trading Strategists use statistical techniques and machine learning to develop and optimise trading strategies, components and flows.
  • Working closely with Electronic Trading Strategists and trading desks, they apply rigorous quantitative research and portfolio construction techniques to design systematic trading strategies and models.

Qualifications/ Skills/ Requirements

  • You must have obtained or be pursuing a PhD or other advanced degree (such as a Masters) in a quantitative subject such as Mathematics, Financial Mathematics, Physics, Engineering, Quantitative Finance or Computer Science.
  • You have a strong mathematical background in an academic setting.
  • You have excellent computer programming skills.
  • You have a keen interest in the financial markets and the drive and desire to work in a fast-paced, team-oriented environment.
  • You are able to communicate effectively in both written and verbal English.