Fixed Income Division – Associate, Applied Mathematician - Electronic Trading & Quantitative Finance (New York)
Core
Build algorithms for trading stocks, bonds, and derivatives using stochastic control, statistics, and numerical methods to solve market problems like hedging multi-billion-dollar transactions and optimizing bond inventories.
Role type
Applied Mathematician (Electronic Trading & Quantitative Finance)
Builds
Trading algorithms, risk-transfer strategies, and derivative pricing models for Morgan Stanley's Fixed Income Division.
Domain
Financial services, quantitative finance, stochastic control
Deliverable
production ML models
Required skills
Stochastic control, statistics, probability, stochastic calculus, optimization, advanced data analysis, programming for model prototyping
Preferred skills
Derivatives mathematics (option pricing, credit default swaps), noisy data estimation, dimensionality reduction, numerical optimization
Responsibilities
Formulate mathematical models, perform statistical analysis of data, write simulations, develop robust derivative pricing and hedging models, turn insights into profitable trading policies and risk management tools.
Seniority
Associate (Entry-level IC)