Equities - Securities Lending Trader - Associate/VP

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.

Seeking an experienced Securities Lending Trader to join a dynamic Securities Finance team responsible for securities lending trading, lender relationships, inventory optimization, and platform development.

The successful candidate will play a key role in borrower and lender coverage, with particular focus on hard-to-borrow markets and single-stock opportunities.

The individual will leverage market intelligence and trading expertise to maximize lending revenue through strategic pricing, inventory deployment, client engagement, and identification of financing opportunities across global equity markets.

The role requires close collaboration with Prime Brokerage, Securities Lending Product and Distribution, Equity Trading, and Risk Management to deliver financing solutions and enhance the firm's securities lending platform.

Key Responsibilities

Securities Lending Trading & Market Intelligence

• Borrow and lend securities to facilitate client short sales, financing transactions, and market-making activity.
• Manage and optimize daily borrow and lending activity across a diverse portfolio, balancing client demand, inventory availability, funding considerations, and risk.
• Price and execute securities lending transactions to maximize revenue and optimize inventory.
• Partner with Delta One Trading on strategic pricing, inventory optimization, and revenue opportunities.
• Identify hard-to-borrow opportunities, special situations, and supply-demand imbalances across global equity markets.
• Monitor borrow availability, utilization, fee trends, corporate actions, and market events to anticipate changes in demand and financing opportunities.
• Produce actionable single-stock market color, borrow intelligence, utilization trends, and liquidity insights for internal trading desks and institutional clients.

Lender Coverage & Client Relationship Management

• Own a portfolio of institutional and retail lender relationships, driving monetization initiatives and maximizing participation across lending programs.
• Partner closely with Securities Lending Distribution to source inventory and deliver financing solutions to hedge fund and institutional clients.
• Develop initiatives to expand lender participation, increase wallet share, and grow lending revenue
• Represent the firm's securities lending platform and financing capabilities with external counterparties.

Risk Management

• Monitor borrow availability, concentration, settlement, liquidity, and counterparty risks.
• Ensure trading activity remains within established risk limits and regulatory requirements.
• Incorporate market conditions and financing dynamics into prudent trading and inventory decisions.

Platform & Cross-Functional Development

• Partner with Prime Brokerage, Securities Lending Product and Distribution, Equity Trading, Risk Management, Legal & Compliance, and Technology to improve client solutions and platform capabilities.
• Help enhance trading workflows, automation, inventory management, and dynamic pricing capabilities.
• Identify opportunities to improve trading efficiency, market intelligence, and client service through technology and data.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $150,000 and $250,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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