Morgan Stanley Investment Management (MSIM) is one of the largest global asset management organizations of any full-service securities firm, with more than 40 years of history, a presence in 24 countries, and a total of $1.5 trillion in assets under management as of March 31, 2024. MSIM strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

The Municipal Trader is responsible for executing municipal bond buy and sell orders using investment parameters set by the municipal Portfolio Managers in conjunction with municipal analysts and other traders. Trades often involve negotiating complex transactions while maintaining a high level of integrity.

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_Primary Responsibilities_:

• Transact in accordance with the philosophy of specific Portfolio Managers to implement trades to enhance shareholder value and to limit opportunity costs.

• Provide training, development, and mentoring to the newer trading staff.

• Develop and maintain relationships with Portfolio Managers to ensure that they receive a high level of information and analysis regarding market sentiment, trading environment, volume, price volatility, and relative value. Assure integration of the investment process and trading strategies to enhance performance. Make recommendations for trading alternatives to investment objectives based upon opportunity in the marketplace.

• Allocate trades to separate funds in accordance with the investment strategies as set forth in the departmental allocation guidelines.

• Maintain strategic relationships with the broker/dealer community to ensure that the needs for portfolio management, research, and trading expertise are met.

• Support the Head of Municipal Bond Trading within the broker/dealer community to continue the enhancement of our position as a leading market participant.

• Bachelor’s degree or equivalent experience required. Master’s degree and/or a CFA Designation is preferred.

• Minimum 5 years of experience in the investment industry. High yield municipal experience preferred.

• Ability to actively trade portfolios for total-return based objective.

• Ability to provide leadership, mentoring, and problem-solving guidance to department members.

• Excellent quantitative, qualitative, and management skills.

• In depth knowledge of fixed income markets.

• Advanced PC computer skills including Perform, Bloomberg, and other industry software.

• Excellent verbal, written, and interpersonal communication skills are essential; presentation skills and the ability to influence decisions are helpful attributes.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Job: *Asset/Investment Management

Title: Municipal Trader

Location: Massachusetts-Boston

Requisition ID: 3256746