FID, E-Rates Algo Quant - VP/Associate
Job Details
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 ethics. 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.
Department Profile
The Fixed Income Division (FID) spans Interest Rate and Currency Products, Credit Products, and Distribution. Teams within FID actively manage risk, trade complex securities, and design innovative solutions in fast-moving global markets.
The E-Rates group is a global leader in electronic market making for U.S. Treasuries. We build and operate low-latency, high-reliability trading systems that power some of the most active markets in the world.
Role Overview
We are seeking an experienced E-Trading Algorithmic Quant at the Associate or VP level to help design, build, and evolve best-in-class electronic trading algorithms. This role sits at the intersection of quantitative finance, software engineering, and market microstructure, with direct exposure to production trading systems.
Why Join Us
This role offers direct impact on real-world markets, ownership of critical trading systems, and the opportunity to work on cutting-edge technology at scale. It is well suited for driven engineers and quants who want responsibility, visibility, and the chance to grow quickly in a world-class electronic trading organization.
Key Responsibilities
- Partner closely with Strats and Trading to design, implement, and optimize electronic trading algorithms.
- Apply GenAI and modern engineering techniques to modernize legacy systems and improve performance, maintainability, and scalability.
- Drive efficiency across the SDLC, DevOps tooling, and model risk management (MRM) processes.
- Build and operate highly performant, low-latency, and highly available production systems.
- Work in an agile environment with close feedback loops from traders, quants, and engineers.
- Contribute to a modern technology stack built primarily in C++ and Python.
Required Qualifications
- Bachelor’s degree or higher in Computer Science or a related field, with additional coursework or background in a quantitative discipline such as Mathematics, Statistics, Physics, or Engineering.
- 2–6 years of experience in electronic trading or electronic trading system development across asset classes such as Rates, FX, or Equities.
- Strong communication skills with the ability to clearly explain complex technical or quantitative concepts.
- Excellent analytical thinking and problem-solving abilities.
- High attention to detail, ownership mindset, and the ability to work thoughtfully in a production-critical environment.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $150,000 and $200,000 for Associate and between $160,000 and $250,000 for Vice President. 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'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).