Quant jobs / Morgan Stanley

xVA Trader – Fixed Income Division (Associate/Vice President)

A trading role on the xVA desk, which prices and manages counterparty, funding and collateral risk on OTC derivatives for the fixed income division. It covers rates, FX, credit and commodities.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Price credit, funding and collateral costs on new derivative trades
Manage the xVA book's risk and keep it within limits
Execute hedges for xVA exposures
Review daily P&L and handle booking issues
Feed back on risks arising from ISDA terms to other groups

What they ask for

Required

Bachelor's or Master's in maths, engineering or science
Fixed income products knowledge across rates, bonds, FX and CDS
Strong quantitative skills
Fast decision making
Teamwork

Education: Bachelor's or Master's in a quantitative field such as maths, engineering or science.
Experience: Not stated; associate or vice president level
Markets: fixed-income, fx, credit, commodities

How to prepare

Learn how CVA, DVA and FVA are defined and computed for a simple swap
Simulate exposure profiles for an interest rate swap with a short-rate model
Study how collateral agreements and ISDA terms change exposure
Practise reading CDS spreads as inputs to counterparty pricing

What to study

The Derivatives Pricing Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on Morgan Stanley’s site before applying: requirements, location and pay can change after we check them.

View the posting on Morgan Stanley’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Morgan Stanley and doesn’t handle applications.