Quantitative Analyst FX Options

Quantitative Analyst FX Options

Morgan Stanley is seeking a Quantitative Analyst to join its FX Options Desk Strategist team in Budapest. This role offers a unique opportunity to work directly with global FX Options trading, developing and implementing quantitative models, algorithms, and analytics tools.

Team Profile

The FX Options Desk Strategist team is integral to the Sales & Trading Division, collaborating with traders and salespeople. The team's core responsibilities include developing, implementing, and supporting quantitative models for FX derivative pricing and risk sensitivity calculations used worldwide.

What We Offer

• A collaborative environment with talented individuals.
• Direct interaction with FX Options trading desks globally.
• Challenging projects fostering continuous learning and career advancement.
• Competitive compensation, benefits, and eligibility for an annual bonus.
• Flexible working arrangements, including core hours and remote work options.

Your Responsibilities

• Build, maintain, and extend pricing models for FX derivatives using C++ and Scala.
• Develop a deep understanding of FX derivatives markets and option pricing models.
• Provide critical analyses to FX Options trading desks regarding models, pricing, risk, and P&L.
• Collaborate with IT to ensure the efficient operation of the pricing and risk framework.
• Liaise with control groups (Finance, Risk, Internal Audit) on model control matters.
• Produce ad hoc deliverables and reporting materials.

What You Bring

• MSc or PhD in a quantitative discipline.
• Strong mathematical foundations, particularly in probability theory and statistics.
• Excellent analytical and problem-solving skills.
• Proficiency in programming and software design; C++ or Scala experience is a plus.
• Outstanding interpersonal and communication abilities.
• A self-motivated and detail-oriented approach with high quality standards.

What You Can Expect From Morgan Stanley

Morgan Stanley is a leading global financial services firm, dedicated to raising, managing, and allocating capital for clients for over 90 years. Our core values—clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—guide our daily decisions. We foster an environment where employees can work alongside top talent, are supported, and empowered. Our diverse teams are known for their collaborative spirit and innovative thinking. We offer attractive employee benefits and ample opportunities for career growth for those who demonstrate passion and grit.

Certified Persons Regulatory Requirements

This role may require the holder to possess mandatory regulatory qualifications or meet internal company benchmarks.

Flexible Work Statement

Morgan Stanley is committed to providing flexible working opportunities. Please inquire with our recruitment team for more details. Morgan Stanley is an equal opportunity employer committed to diversity and inclusion. We hire, develop, and advance individuals based on their skills and talents, reflecting the diverse communities we serve. For more information, visit our careers pages and EEO statement.

Key skills/competency

Quantitative Analysis, FX Options, C++, Scala, Financial Modeling, Risk Management, Derivative Pricing, Algorithmic Trading, Probability Theory, Statistics.