Institutional Equity Division – Associate, ETF Quant Strategist (New York)
AI summary of the role
This Associate-level role on the ETF market making strat team at Morgan Stanley's Institutional Equity Division focuses on developing and supporting quantitative models and tools for ETF trading.
No longer in the current catalog. Last included 2026-09-09. Check the employer’s posting for availability.
What you’ll do
- Develop clean, well-designed, and reusable code to backtest trading strategies
- Build tools to enhance the management of systematic market making book
- Generate visualization of research and backtest results to support real-time decision making of the ETF trading desk
- Work on sophisticated models to help traders accurately assess ETF risk and values
What you’ll bring
- Advanced degree in a quantitative subject (Engineering, Applied Mathematics, Physics, Software Engineering) mandatory
- Strong quantitative skills; knowledge of ETF/macro products and financing rate is a plus
- Proficiency in probability, statistics, linear regression and other core modeling methods
- Strong programming skills in an object oriented language (Java, Python, or C++)
Technologies
Java · Python · C++ · ETF pricing models · systematic market making · portfolio optimization · machine learning · convex optimization · backtesting
About Morgan Stanley
Global financial-services firm advising, trading, managing and allocating capital for corporations, governments, institutions, wealthy clients and retail investors across banking, markets and asset management.
Public · 5000+ people
Source and classification
Internal deployment & tooling · Evidence for this classification:
Responsibilities Morgan Stanley's Institutional Equity Division is looking for a junior strategist/quantitative analyst for its ETF market making strat team. Strategists are key participants, together with traders and salespeople, in the revenue-generating activities of our Sales & Trading Division. Strategists are the primary quant modelers for new products, and team with the traders to deliver innovative ideas using models to analyse risks and opportunities in the complex ETF market. ETF market making strats are responsible for implementing and supporting both the data and ETF pricing models used in ETF trading. They also look after systematic market making processes, maintaining and conducting research on ways to improve various aspects of managing the systematic market making book, including but not limited to cost models, RFQ charging models, portfolio optimization, etc. They are
More from the job description
Company Overview: 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. Department Profile From global institutions to hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instrument in all the world’s financial markets. Morgan Stanley professionals use our network and technology to provide liquidity and sophisticated analysis, to manage risk and execute reliably in the fast-changing markets. Morgan Stanley’s Institutional Equity Division (IED) is a world leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. Our broad and deep client relationships, market-leading platform [... source excerpt omitted ...] gan Stanley’s Sales & Trading businesses in India. It covers functions across IED ranging from those associated with sales, trading, analytics, strats to risk management. Primary Responsibilities Morgan Stanley's Institutional Equity Division is looking for a junior strategist/quantitative analyst for its ETF market making strat team. Strategists are key participants, together with traders and salespeople, in the revenue-generating activities of our Sales & Trading Division. Strategists are the primary quant modelers for new products, and team with the traders to deliver innovative ideas using models to analyse risks and opportunities in the complex ETF market. ETF market making st [... source excerpt omitted ...] vironment Effective written and verbal communication skills in English 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 alongs
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