Business Unit Institutional Equity Sales and Trading
Job description
Placement and duration
The 12-month Sales & Trading Industrial Placement Internship Program is aimed at undergraduates who are completing a four-year degree with a year out in industry as a requirement for their degree. The one-year internship, which is based in London and begins in June, offers you the opportunity to learn about a variety of product areas, while providing a clear understanding of how Sales & Trading operates as a whole. Following an initial period of training and induction, you will be assigned to a particular team where you will spend the remainder of your placement. Interns are treated as full-time members of the team and work alongside experienced professionals at all levels.
Training program
All new Industrial Placement Interns participate in an orientation program covering the Firm’s businesses, the transition from an academic setting to a corporate environment and the chance to establish a network throughout the Firm globally. Interns then attend divisional training where they learn the core skills required to be successful on the job. The curriculum focuses on the Sales & Trading business and the various products, processes and systems required to be successful in the role. In addition, all Interns learn and network with peers, mentors and managers through group projects and other organised events.
Responsibilities
Opportunities exist within the following teams:
Client Coverage: This team acts as the primary point of contact for our Prime Brokerage hedge fund clients. As well as overseeing the account activity across multiple asset classes and mitigating risk, account managers in client coverage really get to know their clients’ businesses so they can build long-term relationships and ensure the Firm is well-positioned to capitalise on future growth.
Morgan Stanley Electronic Trading (MSET):Offers global electronic access and execution across cash equities, options and futures. MSET manages relationships with a wide range of clients including hedge funds & Asset Managers, offering a broad suite of trading solutions and execution consultancy to help clients achieve their trading objectives.
Cash/MSET COO:Business management and support across Morgan Stanley’s Cash Equity businesses. Includes client onboarding and requests for information; working with a broad range of teams throughout the firm to curate reporting and KPIs for the respective management teams; and working on business plan and strategy presentations.
Prime Brokerage Distribution:Work alongside our Sales, Capital Introductions and Business Consulting teams to service Morgan Stanley’s Hedge Fund clients – both new start-up fund launches as well as existing funds. This involves assisting the PB sales team with the mandate pitch process. For successful mandates you will then support both Cap Intro and Consulting teams; the former works with clients to devise and execute on capital raising strategies and the latter provides the fund with best practices consulting and business development advice.
Risk Management:Review client portfolio risk reports and contribute to projects reviewing operational best practices, policies and procedures, and regulatory initiatives. The resulting work is communicated to a wide audience internally.
Flow:Primarily focused on single name synthetic equity flow in European, Middle Eastern and African markets. The product and solutions we offer are tailored to suit our client’s strategies and requirements.
Structured Products:Morgan Stanley offers synthetic derivative products to both institutions and hedge funds, allowing them to access markets with ease and simplicity. We also create bespoke structured solutions to meet client demand.
Derivatives Client Relationship Management:Working with Morgan Stanley Sales teams and their clients to enhance client experiences front to back. The team also focuses on coordinating all new business opportunities across Structured Notes, OTC Derivatives and Convertible bonds.
Stock Loan (Securities Lending):the desk facilitates short selling in European and EMEA markets. Both sales and trading work together to offer the most liquidity and information as possible to clients.
Product Development: Works closely with all teams within the Prime Brokerage unit. The aim of the team is quite simply to solve problems both for our clients and internally. The team is responsible for the delivery of initiatives to increase revenues and reduce costs and risks, with a view of maintaining the Morgan Stanley Prime Brokerage edge.
*Salary is competitive with excellent benefits.
Qualifications/ Skills/ Requirements
•You are an undergraduate studying for a degree in which a year in industry is part of your structured course syllabus.
•You possess strong analytical, problem-solving, communication and interpersonal skills.
•You analyse and interpret complex information quickly and accurately.
•Study in a financial discipline is not essential, although you should have a strong aptitude for numbers.
It is essential to provide accurate details in the application forms, including an up-to-date CV and cover letter as we cannot guarantee you will be able to edit this after submitting your application. In the case that you are permitted to edit your application, it will cause significant delays to your candidacy.
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.
