Fixed Income Division - Analyst / Associate, Commodity Structurer

About the position

Morgan Stanley's Fixed Income Division is seeking a Commodity Structurer for the Global Commodities Structuring Group, focusing on the North American Power and Gas (NAPG) desk. This role, based in Houston or New York, involves developing and executing complex transactions in physical and financial power and gas markets, managing risk, and creating PnL opportunities for a diverse client base. The NAPG desk structures and manages transactions with durations of one to twenty-plus years, providing services such as load-following, resource management, and risk management solutions for various clients including municipals, commercial and industrial loads, load aggregators, independent power producers, and renewable generation developers. The Global Commodities Structuring Group collaborates closely with Origination and Trading teams to model transactions, negotiate client confirmations, book trades, and coordinate with second-line functions like strats, operations, credit, valuation control, legal, and finance. This group also plays a key role in developing new client solutions, trading risk management strategies, pricing and capital frameworks, and execution processes.

Responsibilities

  • Develop in-depth understanding of client motivations, pricing methodologies, market risk and credit risk management strategies, firm systems, and the transaction lifecycle for physical and financial gas deals.
  • Perform pricing analysis and coordinate with strats, trading and other relevant groups to help position the firm to win client mandates.
  • Coordinate transaction execution process and act as liaison between commodities and other client-facing teams such as IBD coverage, structured finance & lending and capital markets.
  • Prepare client marketing materials as well as internal presentations for structured transaction review process.
  • Perform adhoc credit and market risk analysis in collaboration with internal risk review groups.
  • Develop the booking plan and review deal confirmations in coordination with origination, trading, legal, operations, and credit teams prior to execution.
  • Book trades upon execution and report PnL and risk to finance and risk control groups.
  • Review current structured portfolios and update modeled parameters as required for live deals.
  • Work with second-line teams to improve infrastructure, risk management, operations.
  • Act as a backup in absence of team members.
  • Work with middle office and back office on PnL and trade reconciliation, including investigating and resolving breaks.
  • Work with IT to improve processes and systems, including automating recurring analysis and reporting.
  • Act as a backup in the absence of team members.

Requirements

  • Bachelor's or Master's degree in finance/financial engineering, computer science, other engineering, mathematics, or another quantitative discipline.
  • 1–3 years of relevant industry experience.
  • Demonstrated interest in energy markets, particularly natural gas or power, through work experience, coursework, or independent study.
  • Strong knowledge of Microsoft Excel and PowerPoint required.
  • Strong analytical aptitude, communication, and attention-to-detail skills required.
  • Coursework covering at least any one of the following topics required: corporate finance, financial accounting, probability & statistics, credit fundamentals.

Nice-to-haves

  • Experience in the energy markets (natural gas or power preferred) or energy infrastructure project finance are a plus.
  • Advanced coursework in financial mathematics, option theory, is a plus, but not required.
  • Programming experience (e.g., Python, C++, Scala, or other) is a plus, but not required.

Benefits

  • Commission earnings
  • Incentive compensation
  • Discretionary bonuses
  • Other short and long-term incentive packages
  • Other Morgan Stanley sponsored benefit programs
Back to blog

Other Jobs To Apply

Remote Nominee Director – Corporate Secretarial & Compliance

PART-TIME Remote Administrative Scheduler

Holiday Seasonal Associate, Amherst - Williams Sonoma

Telehealth Nurse Practitioner (Full-Time) (Remote)

SG Part-Time Online Science and Math Teacher [Work From Home]

Seasoned Remote Customer Care Manager – 100% Work From Home, Sales Leadership & Client Experience Champion at arenaflex

**Customer Service Benefit Advocate – Overnight Remote National Role (reputed company, 40 Hours/Week)**

Fresher - NLP Engineer

FULLY Work From Home JOB | Family Protection Scheduler

Global Developer Engagement Representative, Part-Time, Contractor

Data Entry Pharmacy Technician – Remote – Evening Shift – Medication Management Specialist at arenaflex

Retail Customer Service Specialist

Online Product Testing & Review Jobs – Work From Anywhere

Lead Engineer - Red Team(Remote Or Hybrid)

Housekeeping Specialist (Operating Theatre | 5-day work week)

Senior Real Estate Transition Specialist, Listing Agent

Disney Data entry jobs – without Experience In Jordan

[Remote/WFM] (Entry level / No experience) Costco Data Entry

Data Entry/Typing Associate - No Experience

Comment Moderator

United Airlines Reservations Representative (Remote)

Work From Home

Remote Typing Jobs for UK Residents: Work from Home Today

[Part-Time] Remote Apple At-Home Advisor

Online Typing Jobs for Housewives - Flexible Hours

Senior Manager, Commerce Retail Media Networks- Walmart, Instacart, Target

Design Sales Specialist/Home Stylist, Full Time, San Ramon - Pottery Barn

Simply Field Sales & Service Representative

Amazon Customer Service - Work From Home $16-$24/hr

Aetna Virtual Remote Jobs - Joblagii

Customer Service Representative – Travel (Remote)

FT Customer Service Travel Specialist - Work From Home

Full-time Content Moderator (Spam Comment Removal Specialist) at Yelp Job ID- 1493

Remote Customer Service Positions Paying Up To 19 Per Hour Now Open

Remote Data Entry Jobs - Freelance Opportunities for Singapore Residents

Basic Data Entry Clerk Wanted - Typing / Work From Home 25 Words Per Minute Input

Paid Test User

College Students

Registered Nurse - Fully Remote

Senior, AP Systems Admin (Remote)

Remote Insurance Agent — Flexible Schedule, No Experience

Remote Jobs At Netflix /$24-HR/ (QA Manager)

Medical Billing Specialist (Remote)

Virtual Assistant Jobs - Amazon Careers for Fresher

Sr Process Owner, RDC Design Team(Remote Or Hybrid)

Remote - Tech & Sales Representative

Data Entry Job Online , Earn $2000 Per Week (Remote)

Content Manager, Digital Experience

Paid Product Tester

Apple Support College Program – At-Home Advisor (Part-Time)