Fixed Income, Real Time Power Trader - Analyst/Associate

at  Morgan Stanley

Fixed Income, Real Time Power Trader - Analyst/Associate
Job Number:

3248853
POSTING DATE: Mar 20, 2024
PRIMARY LOCATION: Americas-Canada-British Columbia-Vancouver
JOB: Trading
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION

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 Commodities, Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manages risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. The Commodities Division, with 200+ front office employees, is a market leader in energy, metals, and agricultural product trading worldwide whose professionals trade in both physical and derivative commodity risk.
The opening is for an Analyst or Asociate. This position is responsible for the management and optimization of physical power positions throughout the western interconnect of the US and Canada as well as hourly management of Morgan Stanley’s structured transactions. Due to the highly technical nature of this position, a candidate with a degree in Finance/Engineering or a similar discipline is highly desired. Also, as this market is significantly relationship based, it is important that a candidate have established relationships with both utilities and marketers within the region.
It is to be noted that this positions also requires an individual to work on a team with rotating 12 hour shifts encompassing days, nights, weekends and holidays. A typical day begins with receiving a handoff from the team of the previous shifts events, followed by an assessment of the upcoming day and Morgan Stanley’s positions, obligations, and opportunities in the market. Each hour of the 12 hour shift represents a separate and unique trading event in which the trader must compile analysis of the market, asses the resources and capabilities of Morgan Stanley’s assets and contracts, and optimize these resources for maximum efficiency and profitability. This is all done each and every hour while maintaining and meeting all regulatory and compliance standards.

Additionally, the candidate would work closely with the day ahead trading and origination teams to facilitate client business and specific tasks which will include:

• Knowledge and experience managing Northwest Hydroelectric Slice contracts, maintaining all contractual and regulatory obligations
• Knowledge of the transmission counterparties, paths, pricing and purchasing procedure for entities within and surrounding the Pacific Northwest, Southwest, Montana, California and Alberta markets.
• Work with regulatory groups and consultants to stay up to date on rule and market design changes
• Work with middle office and back office on PnL and trade reconciliation
• Work with IT in improving processes and systems
• Represent Morgan Stanley at industry events

QUALIFICATIONS

Skills Required:

• Excellent analytical and quantitative skills
• Strong research and communication skills
• Strong interest in the commodities space (particularly energy commodities)
• Must be an excellent team player and good multitasker

Desired:

• Relevant work experience in real time trading an asset
• Commodities knowledge or expertise

Educational Requirements:

• Bachelors Degree or equivalent in Finance/Engineering or similar discipline highly desired

Expected base pay rates for the role will be between 115,000 and 130,000 CAD per year for Analyst, and between 135,000 and 180,000 CAD per year for Associate, at the commencement of employment. 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)

• Knowledge and experience managing Northwest Hydroelectric Slice contracts, maintaining all contractual and regulatory obligations
• Knowledge of the transmission counterparties, paths, pricing and purchasing procedure for entities within and surrounding the Pacific Northwest, Southwest, Montana, California and Alberta markets.
• Work with regulatory groups and consultants to stay up to date on rule and market design changes
• Work with middle office and back office on PnL and trade reconciliation
• Work with IT in improving processes and systems
• Represent Morgan Stanley at industry event