The role is for a Statistician or Control Theorist at Morgan Stanley, focusing on developing algorithms for trading stocks, bonds, and derivatives. The team combines expertise in stochastic control, statistics, and numerical methods to tackle complex market problems. Candidates will engage in formulating models, conducting statistical analysis, and creating simulations to derive profitable trading strategies. The ideal candidate should be passionate about applying mathematics to real-world financial challenges.

• Ph.D. in Applied Mathematics, Statistics, Operations Research, or Theoretical Physics
• Strong mathematical maturity and ability to reason from first principles
• Advanced Data Analysis skills
• Ability to program well enough to turn ideas into working models or prototypes
• Clear communication skills to explain complex ideas to both technical and non-technical colleagues
• Working knowledge of probability, statistics, stochastic calculus, optimization, or stochastic control
• Desire to work independently
• A good sense of humor

• Hedge multi-billion-dollar transactions using derivatives and dynamic risk-transfer strategies
• Optimize large bond inventories to serve thousands of clients while managing risk, liquidity, and capital
• Use stochastic optimal control to combine instruments with different temporal dynamics into a unified market making portfolio
• Build models to price hundreds of thousands of instruments from sparse and noisy market observations
• Develop derivative pricing and hedging models that are robust enough for real trading environments
• Formulate models and challenge assumptions based on statistical analysis of data
• Write simulations to turn insights into profitable trading policies and risk management tools

• Morgan Stanley offers extensive benefits that support employees’ careers, health, finances, and families, including top-tier medical coverage, mental health support, generous parental leave, fertility and family-building benefits, and robust retirement and stock purchase plans. Employees also gain access to continuous learning and networking opportunities, volunteer and giving programs aligned with the firm’s values, and hundreds of lifestyle perks like discounted products, cultural and entertainment tickets, and commuter savings.