Morgan Stanley · 1 day ago
FID, SPG, Non-Agency Desk Strategist - VP
New York, NY
Full-time
Onsite
Mid Level
$225K/yr - $250K/yr
3+ years expMorgan Stanley is seeking a highly talented and motivated CMBS-focused trading desk strategist/analyst. The successful candidate will work closely with traders to develop analytics and investment insights to support secondary market trading and relative value analysis in a fast-paced trading environment.
Asset ManagementFinanceFinancial ServicesLending
Responsibilities
Develop analytics, valuation frameworks, and investment insights to support secondary market trading and relative value analysis
Demonstrate a thorough, detail-oriented approach to commercial real estate and CMBS fundamentals
Proactively identify actionable trading and investment opportunities
Partner with traders and other desk stakeholders to deliver practical, business-driven solutions
Qualification
Required
Bachelor's degree in economics, finance, real estate, statistics, or a related discipline
3–5+ years of experience dedicated to CMBS, ideally as the primary focus of the role
Strong foundation in commercial real estate fundamentals, including: Property-level cash flow analysis (NOI, NCF), Cap rates, yield metrics, leverage and debt service ratios, Rent rolls, vacancy analysis, tenant quality, Comparables and market-level analysis across major CRE sectors (office, retail, industrial, hotel, etc.)
Familiarity with CMBS products and indices, including CMBX
Exposure to CMBS data and analytics platforms, ideally Intex and at least one of Trepp or CoStar
Ability to generate and articulate investment ideas and relative value views, both internally and externally
Strong verbal and written communication skills, with the ability to translate complex analysis into clear, actionable insights
High degree of self-motivation and ownership mindset
Preferred
Advanced degree (e.g., MS, MFE, MBA) in a related discipline
Working knowledge of Python, or alternatively strong proficiency in Excel/VBA, for data analysis and automation
Experience working with large datasets and performing ad-hoc analytical work
Familiarity with SQL or other database tools
Experience contributing to valuation models, scenario analysis, or stress testing frameworks
Benefits
Commission earnings
Incentive compensation
Discretionary bonuses
Other short and long-term incentive packages
Other Morgan Stanley sponsored benefit programs
Company
Morgan Stanley
Morgan Stanley is a financial services company that offers securities, asset management, and credit services.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1997-02-05IPO
Leadership Team
James Gorman
Chairman and CEO
Ted Pick
Chief Executive Officer (CEO)
Recent News
2026-02-04
2026-02-02
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