Munis Desk Credit Analyst, Associate, Fixed Income Division

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

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 or VP, level candidate to 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:

Desk analyst responsibilities including but not limited to:

Conduct in-depth single name and macro-based credit research

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

Work with banking and syndicate to structure and/or opine on credit fundamentals, security packages, and relative value/credit comparables;

Assisting the new issue marketing process by working collaboratively with syndicate, sales, and banking to author or review credit sales memos;

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)

Experience and Skills Required

2+ years of 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 in buyside 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

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.

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.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.