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Quantitative Finance

Off-cycle Internship

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Placement and duration

The Morgan Stanley Quantitative Finance Off-Cycle Internship Program in London runs for three to six months and is aimed at students who are required to complete a long-term internship as part of their studies. It is designed to help you explore opportunities in Quantitative Finance by working with desk strategists to become an integral member of the team. 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 Program provides work across a range of product and sector desks. You will apply your analytical skills to help the team make strategic decisions involving capital raising, research or trading issues. Quantitative Finance Off-Cycle Interns are placed directly on a desk within the Quantitative Finance division with opportunities on the Fixed Income and Equities desks. 

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.

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Responsibilities

There are three types of roles within Quantitative Finance that you can assume and 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. 

*Salary is competitive with excellent benefits.

Qualifications/ Skills/ Requirements

  • You are in your penultimate or final year, studying towards a PhD or other advanced degree in a quantitative subject such as Mathematics, Financial Mathematics, Physics, Engineering, Quantitative Finance or Computer Science.
  • You are available for three to six months to complete the internship.
  • You will possess mathematical ability – formulating, understanding and solving mathematical problems
  • You have excellent computer programming skill in a software engineering (such as Java, C# or C++)
  • You have a keen interest in the financial markets and have the drive and desire to work in an intense, team-oriented environment.
  • 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 & Deadlines

The deadline to submit applications is Sunday 22 March 2020.

Candidates must apply online at www.morganstanley.com/campus and are encouraged to apply early as we recruit on an ongoing basis. Applicants will be required to complete online tests within 48 hours of submitting an application. Please note we may also have some additional Off-cycle positions available throughout the year, depending on business needs.

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