European Banks Credit Research

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 24 Nov 17 2017-11-24

See job description for details

Fixed Income Research – Associate, European Banks Credit Research Team

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.

Department Profile

Morgan Stanley Investment Research is one of the financial industry's dominant thought leaders in equity and fixed-income investing. Our analysts, economists, and strategists have earned this reputation through timely, in-depth analysis of companies, industries, markets, and the world’s economies. Our teams collaborate to assist Morgan Stanley clients with investment decisions, using cash and derivative instruments across major asset classes and geographies.

Team Profile

The European Bank Credit Research Team is seeking a strategist to join the team, based in London. The team publishes research on unsecured debt instruments issued by European banks ranging from Additional Tier 1s all the way through to senior preferred bonds. This is an exciting opportunity to join a highly influential team, having won the Institutional Investor Survey 7 years in a row, as voted by clients. This role will be the only team headcount based in London, offering a level of local autonomy and being the local team member for face-to-face interactions with both sales and trading. You’ll experience great depth and breadth of subject matter, getting both down in the weeds on technical/legal/regulatory issues alongside having to think about global macro and its implications for both credit markets and banks under your coverage. The role will require travel and you will be expected to build a deep relationship with clients, particularly in the geographies you cover.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.


Skills required

• A strong academic background.
• A background linked to banking, ideally with some focus on European banks and with knowledge of the current regulatory environment – particularly capital requirements and resolution.
• An interest in global macroeconomics.
• Previous experience in Research, IBD, Treasury or Finance.
• Ability to work collaboratively as a team player and interact effectively with other research teams across the firm.
• Excellent written and verbal communication skills.
• Ability to demonstrate competence with numerical concepts and tools.