XVA Trader - Analyst / Associate
Location: London
The xVA Trading Desk is looking for an Analyst / Associate level Trader. The xVA business is responsible for pricing and risk managing counterparty, funding, and collateral risks associated with OTC derivatives for Morgan Stanley’s Fixed Income Division. The desk coverage includes Rates, FX, Credit, and Commodities OTC derivatives.
This role includes evaluating and pricing of credit and funding as well as collateral optionality; risk-managing the existing derivative portfolio by executing trades and optimizing portfolio hedges as well as frequent communication with the sales and trading desks for general counterparty issues.
What will you be doing?
* Evaluate new transactions & price xVA for those trades
* Risk manage trading book positions, understand risk measures, and ensure risk limits are adhered to
* Execute transactions for hedging of xVA risks in accordance with desk procedures
* Manage day-to-day issues of trading book; P&L review and sign-off, trade bookings, new trade fees, etc.
* Provide feedback to functional groups related to derivative risks arising from ISDA terms
What we’re looking for:
* Bachelor or Masters in a quantitative field such as Math, Engineering, or Science.
* Good understanding of Fixed Income Products (Rates, Bonds, FX, CDS…)
* Able to perform in a high-paced environment, make fast decisions, and prioritize as required
* Strong quantitative, analytical, and problem-solving skills
* Team player, enthusiastic, and willing to learn.
Where will you be working?
20 Bank Street, Canary Wharf, E14 4AD
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.
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.
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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries.
We're committed to bringing passion and customer focus to the business.
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