2023 Investment Management Fall Co-Op Program - Fixed Income Morgage Backed Securities (Boston)
Program Overview
Morgan Stanley Investment Management (MSIM) hires undergraduate co-ops to simultaneously contribute to and learn about various groups within our division. Co-ops spend six months fully immersed in their work and MSIM culture, resulting in an enriching and formative experience.
Position Overview
This position will be responsible for assisting mortgage-backed securities (MBS) Traders and Analysts with the daily processes of the MBS Trading Desk and long-term research projects. This will include various daily responsibilities, market research, and various ad-hoc projects. The co-op acts as a fully integrated member of the MBS Investment Team and is expected to perform at a high level in all responsibilities.
Responsibilities
- Manage and update large prepayment data sets using RiskSpan, Tableau Yield Book, and Bloomberg
- Calculate fund analytics such as duration and weighted average life using Yield Book
- Compile and organize trade color and market data for Portfolio Managers and Traders
- Incorporate new data sources into current reports
- Track mortgage rates across various originators
- Monitor fund leverage usage and cash levels
- Assist Traders in their daily tasks such as pricing and compiling trade packets
- Create and maintain competitor reports
- Summarize remittance reports for Portfolio Managers
- Create reports and complete projects on an ad-hoc basis for Portfolio Managers, Analysts, and Traders to use when evaluating securities
Requirements
- Available to start in July 2023 and finish role at end of December 2023
- Ability to extend co-op into early January 2024 preferred
- Able to commute into downtown Boston for partial in-person working requirement
- Pursuing a Bachelor's degree with an expected graduation date between December 2024 and June 2026
- Major or minor in Computer Science, Data Science, or related field
- Demonstrated interest in financial markets through either coursework or work/internship experience
- Previous coding experience
- Knowledge of Python or SQL preferred
- Strong Excel skills and ability to work with large datasets
- Ability to learn and use new software applications (i.e. Bloomberg, Yield Book, Tableau, Blackrock applications)
- Excellent organizational, interpersonal, and time management skills
- Excellent record of academic achievement
- Positive attitude, strong work ethic, and attention to detail
Application Process and Deadline
In order to be considered, candidates must apply with their resume and transcript through the Morgan Stanley website. Resumes will be reviewed on a rolling basis starting January 12th, 2023 and continuing through February 28th, 2023 or until the role is filled, whichever comes first.
Expected base pay rate for the role will be between $30.00 and $40.00 per hour at the commencement of employment. However, base pay is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses and other Morgan Stanley sponsored benefit programs.
This Program is closed to applications.