Trading Assistant, IM Fixed Income Division, Analyst

Morgan Stanley Investment Management ("MSIM"), together with its investment advisory affiliates, has more than 1,100 investment professionals around the world and $1.6 trillion in assets under management or supervision as of December 31, 2021. Morgan Stanley Investment Management strives to provide strong long-term investment performance, outstanding service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
_Basic Purpose:_
The Trading Assistant team provides trading and system support to a small group of investment professionals and serves as the primary point of contact for counterparty, custodial, and fund accountant inquiries.
_Training and Career Development:_
New hires will undergo the Trading Assistant Training Program to assist them in acclimating to their new role within the department, while also providing them valuable resources to further their career. The program will be for one year, with the expectation that the candidate will commit to two additional years as a Trading Assistant beyond the end of the program. During the first few months, the candidate will attend formal training that covers an array of topics. This will include training on the various roles within the Global Income department, trading and settling specific instruments, understanding the various systems used on the trading desk, classes focused on coding, and various other on-the-job training sessions.
New Trading Assistants will also have a rotating mentor and attend lunch & learns offered by Eaton Vance, as well as by others in the Global Income department. The program may provide opportunities to travel to London and Singapore based on satisfactory job performance and needs of the department. At the end of the three-year period, and based on job performance, the candidate should expect to continue their progression to complete the CFA, apply for business school, or transition to a new role within the department.
_Primary Responsibilities:_
- Assist traders with pre-trade checks including confirmation of our derivative positions, current cash balances, and available settlement locations.
- Monitor existing positions and coordinate execution with traders and portfolio managers.
- Perform post-trade functions including confirmation and providing allocations to brokers both manually and through electronic platforms.
- Work with our custodians to ensure settlement of trades and communicate with our counterparties to resolve any discrepancies.
- Monitor FX matching and netting. Ensure timely settlement to reduce risk of interest claims.
- Confirm and clear eligible IRS, CDS and NDF positions.
- Assist the trading desk in onboarding new counterparties, markets or trading systems.
- Track currency hedges or trading needs of other EV departments.
- Monitor corporate actions and provide color to portfolio managers to assist in making election decisions.
- Assist with reporting under Dodd Frank and EMIR, as well as confirm compliance with local market regulations.
- Assist with other department projects and functions as needed.
- Bachelor's degree with strong academic record.
- 1 years of relevant experience is a plus.
- Must be organized and have strong attention to detail.
- High level of efficiency and ability to multi-task under pressure.
- Strong communication skills and ability to work both independently and within a team.
- Demonstrated quantitative aptitude.
- Understanding of basic financial concepts through coursework or job experience.
- Long and flexible hours dependent on liquidity of relevant markets.
- Currently working towards a CFA or equivalent designation is a plus, but not required.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Job: *Asset/Investment Management
Title: Trading Assistant, IM Fixed Income Division, Analyst
Location: Massachusetts-Boston
Requisition ID: 3232186