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The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fast-paced and constantly changing global markets. Morgan Stanley aligns its municipal investment banking, underwriting, sales, trading, lending, and M&A advisory in one integrated organizational group under the umbrella of the Municipal Securities Division.
Municipal Securities is looking for an Associate, VP, or ED level candidate to expand its credit resources in response to growing business needs, to better serve our clients, and continue our best-in-class execution. In this role you will have high visibility externally and internally and will play an integral role in all key business functions of the division.
Primary Responsibilities:
·New issue investor marketing including but not limited to:
oworking with banking and syndicate to structure and/or opine on credit fundamentals, security packages, and relative value/credit comparables;
oleading the new issue marketing process by working collaboratively with syndicate, sales, and banking to author or review credit sales memos;
oproactively contacting investors to ensure review of new issues, explain deal parameters, and facilitate investor diligence;
omanage roadshow engagement by hosting and arranging investor meetings with issuers and/or banking;
oparticipating in new business proposals, pitches, and/or meetings presenting the latest investor analytics, credit/market/sector trends; and
orepresent the Firm at relevant industry events
·Support secondary market idea generation and investor dialogue through credit analysis and analytics and regular interaction with buy side credit analysts, traders, and portfolio managers
·Portfolio management of existing and prospective trading inventory, client financing positions, and public side investment positions requiring regular reporting (MTM, credit monitoring, risk limits) to trading and business risk management
·Relationship building and management with buy side credit analysts and internal stakeholders across the business and risk functions (market, credit, trading)
·5+ years of municipal credit experience with ability to be a generalist across the credit spectrum
·Experience in healthcare, higher education, charter schools, project finance, affordable housing, land development, structured credit highly preferred.
·Candidates with experience inbuyside investing, sell-side desk research, insurance, or lending function highly preferred
·Proactive and dynamic attitude coupled with excellent communication and presentation as the role requires interaction and relationship building with a wide range of functions across banking, sales, trading, syndicate, issuers, investors, and internal stakeholders
·Ability to multitask, manage, and prioritize different mandates across the primary responsibilities described above
·Comfort with fast-paced, trading floor environment
·General knowledge of the municipal market and interest in growing as a credit professional
Expected base pay rates for the role will be between $225,000 and $250,000per year for VP title, and between $250,000 and $300,00per year for ED titleat 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).