Find More Than 10K+
United Kingdom Jobs

Job Number:

3237806

DESCRIPTION

Oil Options Trader- Associate
London

3237806

An exciting opportunity has arisen to join Morgan Stanley’s leading global oil and refined product trading business as an oil options trader. With interest in commodity markets as high as it has been in recent years, we are looking to hire an Associate-level candidate to join our dynamic London-based team as we seek to capitalize on opportunities in the oil markets going forward.

About Morgan Stanley

Morgan Stanley is a market leader in the Commodities sector, providing risk management, investor products, financing solutions and liquidity across commodities markets including oil, metals, power and natural gas. With knowledge of both the financial and physical aspects of commodities, we are execution specialists, salespeople, market analysts and originators. Working closely with our colleagues across Morgan Stanley, we offer efficient access to capital to help clients protect and grow their businesses and to take advantage of market opportunities

What will you be doing?

• You will be sourcing liquidity in the listed/OTC markets in crude oil and refined product options to respond to client requests – corporates and hedge funds.

• You will be pricing option structures and managing an options portfolio – using your knowledge of option pricing fundamentals and risk sensitivities (greeks).

• You will be working directly with and assisting the options book runner in day-to-day tasks including P&L reconciliation and reporting, position management and analysis of volatility surfaces.

• You will be working closely with the energy sales team as well as the wider commodity trading team to share views on oil options markets.

• You will maintain awareness of current market trends, macroeconomic data and oil fundamentals, and harness this information when developing trading strategies.

What we’re looking for:

• Bachelor's degree in Economics, Finance, or a related field of study.

• Experience with Bloomberg, Excel, and PowerPoint.

• A highly quantitative candidate, with previous options trading experience a requirement (preferably within commodities) who can demonstrate a thorough understanding of options theory and commodity markets.

• Proven experience in successfully managing PnL/Risk

• A hard working and entrepreneurial candidate, capable of generating their own ideas and dealing with complex concepts.

• A good team player, comfortable in working in a high-pressure collaborative team environment.

Certified Persons Regulatory Requirements:

This role is deemed as a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Where will you be working?

• Morgan Stanley’s London office, 20 Bank Street in Canary Wharf

• Gym, dry cleaners, selection of food stations in the canteen and medical facilities onsite

• Excellent transport links

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.

Internal Applicants:

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.

Equal opportunities statement:

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.