Company: Morgan Stanley
Location: London
Job Description:
Overview
In this role you will join Morgan Stanley’s London-based commodities options desk to source liquidity, price option structures, and manage an options portfolio. You’ll work closely with the options book runner, sales teams, and the wider trading team to form trading views and strategies. The role emphasizes quantitative analysis, risk management, and market awareness in a high-pressure, collaborative environment. You’ll contribute to client-driven liquidity and capital allocation within a renowned global platform.
Pay / Benefits
- flexible working arrangements
- attractive and comprehensive employee benefits and perks
- equal opportunities and inclusive culture
Responsibilities
- Source liquidity in commodity options markets to respond to client requests (corporates and hedge funds)
- Price option structures and manage an options portfolio using option pricing fundamentals and greeks
- Assist the options book runner with P&L reconciliation, position management, and volatility surface analysis
- Collaborate with commodities sales and broader trading teams to share market views
- Monitor market trends, macro data, and commodity fundamentals to inform trading strategies
Key requirements
- Highly quantitative with prior options trading experience (preferably in commodities)
- Proven experience in managing PnL and risk
- Entrepreneurial mindset with ability to generate ideas and handle complex concepts
- Strong team player able to perform in a high-pressure, collaborative environment
- team-oriented
- high-pressure resilience
- entrepreneurial mindset
- options pricing theory
- risk sensitivities (greeks)
- PnL reconciliation
…
Posted: October 2nd, 2026