Quantitative Finance

Off Cycle Delta One Structured Products

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placement and duration

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. 
This role is for our Delta One Swap [DSP] Strategists team which is primarily involved in intelligent automation of trading functions, optimisation of Firm’s balance sheet and provision of new business based on technological capability on the trading floor.  It is hands-on software development, working with extremely large data sets and understanding complicated trading decisions and flows.
DSP Strategists frequently have a technology background or have strong interest in building software.  However, often unlike pure technologists, strategists are part of their business - developing, calibrating and monitoring their own systems on the desk.
The placement will last for six months, with the option to convert to a full time role for the right candidate.

training program

Training includes on-the-job training and one-on-one sessions to familiarize you with the Firm's data resources and analytical tools. The curriculum covers market knowledge as well as product and technical training. Strategists are often in a dual role of author and users of the software so they have an opportunity to solve open business problems.  Given that DSP strategists are on the ground in a live trading environment, the data/systems they produce support real time trading decisions; therefore you will learn how to deliver practical and immediate solutions. There is an emphasis on rigour - calibration, measurement and demonstrating value, as well as compliant, good quality technology.

responsibilities

All Strategists work very closely with desks across all business lines and are commercially driven and P&L (‘profit and loss’) focussed. A typical problem for DSP Strategist might include:
- Understand financial resource profile of desk trading positions
- Measure marginal impact of potential trading decisions
- Implement visualisation to enable others to understand/critique  your analysis
- Measure performance resulting from your trade recommendation
Building software is the primary activity, but the task requires significant quantitative and market knowledge, and ongoing involvement from the strategist.

qualifications/skills/requirements

  • You have obtained or are in your final year, studying towards a degree in a quantitative subject such as Computer Science, Mathematics, Physics or Engineering

  • Strong technology skill in a software engineering (such as Java, C# or C++)  

  • Familiarity with web technology and graphing/visualisation packages

  • Database query languages such as SQL or KDB

  • Strength in a scripting language such as Python

  • You will have interest in finance, the structure of markets and the electronic trading space

  • You will possess mathematical ability – formulating, understanding and solving mathematical problems

  • Familiarity with data, often formulating the question to ask as well as providing the answer

  • You are able to communicate effectively in both written and verbal English.

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Morgan Stanley London

In 1977, Morgan Stanley opened its European headquarters in London, where it now has over 5,000 staff. Morgan Stanley is one of the preeminent financial services firms in the UK, with longstanding client relationships and a leading role in many landmark transactions. Our professionals value individual intellect as much as teamwork. We offer nimble, innovative services and products tailored to our clients’ needs.

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Application Process and Deadline

The deadline to submit an application is Sunday 21 July 2019. Candidates must apply online at www.morganstanley.com/campus and are encouraged to apply early as we recruit on an ongoing basis.

Learn more about Our Recruitment Process