Junior Linear Products Trader - Commodities - Fixed Income Division - Associate

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

The Commodities Department is a market leader in energy, metals, and agricultural product trading worldwide whose professionals trade in both physical and derivative commodity risk. The Global Oil Business market makes and takes positions in oil liquids contracts across the world in all parts of the barrel, and takes positions both intra and inter-regionally.

Job Description

This is an Associate role on the Oil Trading desk, located in New York, within the Commodities department. The desk is focused on Eastern and Gulf Coast Refined Products/Natural Gas Liquids markets.

A successful candidate would be able to develop a deep understanding of market structure, fundamentals, and physical flows within the US East of Rockies refined products and/or natural gas liquids markets. The candidate would work closely with the senior traders to assist with the following tasks:

Main responsibilities include:

• Perform daily analysis of oil/NGL market fundamentals, mine relevant data, and develop analytical tools used in daily trading 

• Identify profitable trading opportunities

• Develop pricing models to support structured transactions

• Prepare daily risk and PnL reports and analytics for the trading desk and Commodities management.

• Engage with scheduling to ensure counterparty obligations are met

• Support salespeople with client interactions including occasional travel

Skills Requirement:

• Undergraduate Degree in finance, economics, computer science, statistics, engineering or other quantitative based discipline 

• 2-5 years of professional experience, with preference for any Financial or economics related experience

• Strong knowledge and experience working with Microsoft Excel and related applications

• Excellent analytical and quantitative skills

• Strong research and communication skills

• Strong interest in trading, financial markets, and the commodities space (particularly energy commodities)

• Familiarity in VBA and/or SQL

• Must be an excellent team player and multitasker

Preferred Qualifications

• Experience in a traditional programming language such as Java, C/C++, Python, or R.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $150,000 and $200,000 per year at the commencement of employment for Associate. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

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.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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