Delta One Trader - Principal Trading (Associate/VP)
We are seeking a highly motivated Delta One Trader to join our Equities Trading team. The successful candidate will be responsible for trading and risk-managing Delta One products, including equity swaps, ETFs, futures, and other listed and OTC instruments. This role requires strong market knowledge, risk management discipline, and the ability to operate in a fast-paced trading environment.
Key Responsibilities
Manage and trade Delta One products, including equity swaps, ETFs, and futures, across relevant markets
Monitor and hedge trading positions to maintain appropriate risk exposure
Optimize financing, funding, and inventory management to enhance trading profitability
Provide competitive pricing and execution for clients, including institutional investors and internal desks
Collaborate with Sales, Structuring, and Prime Brokerage teams to support client activity and generate ideas
Identify arbitrage opportunities across cash equities, derivatives, and ETF markets
Track market developments, flows, and liquidity conditions to inform trading strategies
Ensure compliance with internal risk limits, regulatory requirements, and trading controls
Required Qualifications
Bachelor’s degree in Finance, Economics, Mathematics, or a related field
Relevant experience in Delta One trading, equity derivatives, or related markets
Strong understanding of financial instruments including swaps, futures, and ETFs
Solid quantitative and analytical skills with strong attention to detail
Ability to make decisions under pressure in a fast-moving market environment
Strong communication and collaboration skills
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.
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.
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