IED - Derivatives Strat - Associate / VP

Morgan Stanley’s Equities Derivatives division is seeking a Strategist / Quantitative Analyst to join its Derivatives Strat team, with a primary focus on the pricing and risk management of complex derivatives.

What will you be doing?

• Develop and enhance quantitative models for the pricing, risk management, and analysis of equity derivatives products, with a focus on identifying and understanding model‑driven biases.
• Conduct in‑depth research into market dynamics to refine pricing methodologies and strengthen risk management frameworks.
• Design and execute backtesting of inventory management and trading strategies, rigorously assessing performance and robustness across a range of market conditions.
• Build and maintain analytical tools, data pipelines, and research platforms to support the activities of trading teams.
• Collaborate closely with traders to support decision‑making processes and optimize product selection.

What we’re looking for:

• Master’s degree or PhD in Mathematics, Statistics, Physics, Engineering, Computer Science, or a related quantitative discipline.
• At least 3 years of experience in quantitative finance, preferably within equity derivatives, as a quantitative analyst, trader or financial engineer.
• Solid understanding of financial markets, particularly equity derivatives products and risk metrics.
• Strong foundation in stochastic calculus, pricing theory, probability and statistics.
• Solid understanding and intuition of derivatives products risks and model‑dependencies.
• Experience with large‑scale data analysis and model validation techniques.
• Proficiency in Python for quantitative development.
• Excellent analytical, problem‑solving, and critical‑thinking skills.
• Strong communication skills, with the ability to collaborate effectively with teams across functions.
• Self‑motivated individual with strong attention to detail and the ability to manage multiple priorities in a dynamic environment.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.