My department is responsible for…
lending and borrowing securities to help large investors carry out their investment strategies, while we manage Morgan Stanley’s total exposure to the different firms we trade with. In BRM we work with the world’s largest hedge funds, mutual fund managers, banks and institutional investors. Every day we’re buying and selling stocks, options and bonds to help finance our clients and our own firm.
I selected Bank Resource Management because…
it provides great exposure to both the market and the funding side of the business. I’m very interested in working with hedge funds and learning how to deal with people effectively and build client relationships. At the same time I can expand my knowledge of the financial markets through trading.
As a Bank Resource Management Analyst…
it’s very important to have not only strong analytical skills but also to write and speak clearly. Once you're here, you’ll learn a variety of trade structures, collateral types and pricing formats, and how to use these to meet client demand while we manage the firm’s own funding. I’ve also learned how we lend to hedge fund clients and how the various desks provide funding for the firm.
A typical day…
starts at 6:30 a.m.—over my first cup of coffee I begin by reviewing overnight trade activity and market updates, or speaking with lenders to understand trends across the different securities we’re holding. Throughout the afternoon, depending on where I’m needed most, I may be helping with loans to hedge fund clients making short sales. After the markets close I compile end-of-day wrap-ups to note the daily activities, manage our books, and follow up with clients on unresolved issues, ending with a real feeling of accomplishment.
Many Bank Resource Management Analysts go on to…
try new challenges on the variety of desks across BRM or within the larger Sales & Trading division. My hope is that at the end of the two-year Analyst program I’ll be promoted to build my career as an Associate within BRM or the firm—and then maybe move even higher.
