FID - XVA Trader London (m|f|x) London

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

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. We 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.

Department Profile

The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division is a market leader across a broad range of commodities markets, with expertise in areas including client risk management, financing solutions and investor products Sales & Trading.

From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions.

The xVA Trading Desk is looking for a Vice President 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.

What will you be doing?

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.

Tasks

• 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

Profile / Your qualification / Your personality

• Quantitative bachelor’s degree in a STEM subject (Finance/ Maths /Economics or Engineering)
• Expert knowledge of Fixed Income products (Rates, Bonds, FX, CDS…)
• Strong work ethic and daily discipline to make consistent markets for clients and daily information flow across Global Trading desks.
• Able to perform in a high paced environment, make fast decisions and prioritize as required
• Excellent networker who is comfortable liaising with clients, sales, traders.
• Team player, enthusiastic and willing to learn.

Share this offer on LinkedIn →

Location

25 Cabot Square, GB-E14 4QA London