Rates Trading Assistant

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 ethic. 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.

The Fixed Income Division is comprised of Interest Rate, Currency Products, Commodities, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, derivatives, lending and repo products, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets.

As part of the Fixed Income Division, the Trading Assistant is responsible for working with and supporting the Client Financing Trading desk from Budapest. Trading Assistant provides high-quality front-office support to Rates Trading and Client Financing desks across cash securities, interest-rate derivatives, repo and reverse repo, securities lending, and related financing products.

Primary Responsibilities

• Provide day-to-day support to traders across relevant cash and derivative products, including government securities, bond-related derivatives, Total Return Swaps, repo, and reverse repo.
• Manage daily financing activities including reporting, MSIP collateral bookings, overborrow identification and returns, DW T0 covers, Fed borrow bookings, stock loan ticket repricing, and fully paid stock loan triparty updates.
• Perform PB re-rates, securities pool, BR GC repricing, agency/strip/special swing adjustments, and ensure correct funding rates are applied across GC and special securities positions.
• Monitor positions, shorts, overborrows, special coupon exposures, SOMA positions, and collateral movements; identify exceptions and report significant exposures or funding issues to traders, counterparties, and operations teams
• Produce daily P&L reports, SOMA P&L analysis, flow reporting, OFR/OTR trade reports, auction charts, dealer positioning charts, and other desk analytics to support trading decisions.
• Maintain TRS lifecycle events (resets, expiries, terminations), execute ETF create/redeem processes, perform ETF swings and hedging allocations, and ensure accurate portfolio positioning.
• Coordinate with traders, sales, counterparties, Treasury, Operations, and securities lenders; distribute reports, confirm bookings and provide regular market and position updates to the desk.

Qualifications and Experience

Required

• Bachelor’s degree or equivalent qualification in Finance, Economics, Mathematics, Engineering, Accounting, Business, or a related discipline.
• Relevant experience in a trading-assistant, desk-support, trade-support, middle-office, client financing, or financial-markets role.
• Working knowledge of fixed-income and Rates products and the trade lifecycle.
• Strong analytical and problem-solving skills, advanced attention to detail and a disciplined approach to controls.
• Ability to prioritize competing deliverables and perform effectively during periods of market pressure.
• Proficiency in Excel VBA, SQL, Python, or comparable automation and comfort working with complex datasets.
• Availability to work according to New York trading hours.

Preferred

• Experience with government securities, interest-rate derivatives, futures, repo/reverse repo, securities lending, Client Financing, or TRS.
• Familiarity with trade-capture, market-data, confirmation, clearing, settlement, position, risk, and P&L systems.
• Experience producing desk reporting, auction analytics, inventory reports, or financing analysis.
• Experience supporting global trading desks.

#LI-hybrid #LI-NB1 BPDBA

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.