PLACEMENT/DURATION
The Morgan Stanley Quantitative Finance Off-Cycle Internship Program in London runs for six months and is aimed at students who are required to complete a long-term internship as part of their studies or have already graduated. It is designed to help you explore opportunities within Quantitative Finance by working with desk strategists to evolve into an integral member of the team.
Quantitative Finance Associate Strategists are placed in a strategists (‘strats’) team related to their specialism, but will typically be partnered with particular business lines or desks to work on specific projects or models.
You can expect to take on significant responsibility as soon as you start. You will work directly with desks at a senior level, applying your skills and subject-matter expertise, to help them make strategic decisions, develop quantitative edge, drive efficiencies and effect changes.
TRAINING PROGRAM
Training includes on-the-job training and one-on-one sessions to familiarize yourself with the Firm’s data resources, models, analytical tools, and AIML capability. The curriculum covers market and product knowledge as well as technical training. Throughout the program, you will be continually exposed to management, and you will benefit from networking opportunities with peers and colleagues. You will also be assigned a mentor to ease your transition into the corporate environment by offering career guidance, serving as a sounding board, and helping connect you to the broader Morgan Stanley network. Your co-workers are a diverse group who are motivated experienced industry leaders as well as graduates from top Universities that enjoy solving interesting problems in a collaborative environment.
RESPONSIBILITIES
Strategists typically work very closely with desks across business lines, are commercially driven and revenue focussed.
The below four profiles describe the different categories of roles available within Strats. In many cases an individual role will encompass aspects of each.
Electronic Trading Strategists are financial and software engineers who design, implement, back-test, deploy and measure sophisticated automated trading components and systematic trading strategies. Working closely with other Strategists and trading desks, they rapidly provide new solutions and bring efficiencies and quantitative edge to existing business processes within a dynamic market-driven environment.
Quant Developers Strategists use advanced technological and in some cases quantitative skills to productionize models, manage and maintain code libraries and rapidly develop innovative trader tools. They work closely with IT, other Strat functions and business lines to integrate new technologies in order to enhance pricing and risk calculations.
Quant Modelling Strategists use applied probability and numerical analysis to create pricing models and hedging strategies that drive trading decisions. Working closely with trading desks, they enhance Morgan Stanley’s ability to trade innovative products and improve the management of the Firm’s trading risk.
Quant Trading Strategists use statistical techniques and machine learning to develop and optimise trading strategies, tools, components and flows. Working closely with Electronic Trading Strategists and trading desks, they apply rigorous quantitative research and portfolio construction techniques to design systematic trading strategies and models.
QUALIFICATIONS/SKILLS/REQS
Curiosity, creativity, willingness to bring new ideas to the table, and approach problems differently
Background in mathematics, statistics, engineering, computer science, or related field in an academic setting
You have a keen interest in the financial markets and the drive and desire to work in a fast-paced, team-oriented environment
Pragmatic approach to ensuring delivery on a timely basis
You will possess practical problem solving skills with a great attention to detail
You are able to communicate effectively in both written and verbal English
You have or are studying towards a Masters or PhD level degree
Please only submit a CV and Covering Letter as part of your application.
Please note that you will be required to do a coding assessment as part of your application.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, our firm’s employees serve clients worldwide including corporations, governments, institutions and individuals.
We are committed to maintaining the first-class service and high standard of excellence that have always defined the firm and everything we do is guided by our five core values: Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back.
