Morgan Stanley's own website lists 20 pages of available jobs in its North American institutional securities division, including many technical and risk management posts but also positions in equity research, in derivatives and in prime brokerage.

FORBES: Wall Street's Hiring Spree

The boom in derivatives was one of those moments when financial engineering raced ahead of back offices and risk-management departments, leaving them struggling to value or account for their holdings.

ECONOMIST: Securitisation