Associate Strategist (Quant) — Financial Resources & Strategy (FRS)

Location: Mumbai (onsite/hybrid)

Experience: ~1-2 years

Education: B.Tech./M.Tech from IIT/BITS/ISI (or equivalent)

About FRS

The Financial Resources and Strategy (FRS) team within Morgan Stanley optimizes the firm’s financial resources and develops strategic initiatives to support growth and resilience. They deliver insights, capital planning, and resource allocation that drive long-term value. FRS is broadly divided into the following sub-teams:

Capital - Manages the firm’s capital structure and ensures compliance with regulatory capital requirements Funding - Oversees the firm’s funding strategy, optimizing sources and costs of financing across markets. Liquidity - Maintains adequate liquidity buffers and develops strategies to meet obligations under stress scenarios. Margin - focuses on margin optimization and resource allocation to support trading and client activities efficiently.

 About FRS Strategists

Strats within FRS play a critical role in building quantitative models, analytical tools, and scalable solutions that enhance decision-making across Capital, Funding, Liquidity, and Margin management. They leverage advanced analytics, programming, and financial engineering to optimize resource allocation, assess risk, and support strategic initiatives. By combining technical expertise with business insight, Strats enable the firm to respond dynamically to market conditions and regulatory requirements.

What you will do/Responsibilities

• Build and maintain recurring dashboards that track, analyze and forecast multiple capital metrics, margin details, funding metrics and liquidity by leveraging systematic as well as non-systematic data to let traders and business operators take better informed decisions
• Design and implement tools that automate trade valuation and risk metric calculations for instruments such as repos, reverse repos, stock loans, and total return swaps for funding, as well as swaps and options for pricing capital hurdles
• Develop an understanding of various capital, funding and liquidity rules and models
• Support SFT/GSIB/NSFR optimization (e.g., prioritizing coverage of firm shorts, borrowing types, and intercompany routing), prepare crisp recaps, and action trackers for stakeholders.
• Track over‑borrow, sourcing/funding inefficiencies, and margin concentration; partner with desks/ops/strats to drive fixes and close the loop with evidence.
• Work closely with FID Strats/Trading, GCM, Controllers, and regional counterparts; keep communications tight, timely, and decision‑oriented.
• Collaborate with technology teams to develop solutions that are robust, scalable, and production-ready

Requirements

• Prior work experience working at an investment bank or other financial firms in a role requiring good programming skills and an understanding of financial products
• Technical: Python (Pandas, NumPy), Excel (pivoting, lookups, arrays),
• Nice to know:  q/KDB+, Git basics, Scala/Java, ML libraries, Power BI/Tableau, prior exposure to Data Fabric/firm data platforms
• Markets & products: Working knowledge of repo/stock‑loan/SFT, CCP margin, collateral/liquidity drivers, and basics of RWA/CCAR.
• Data mindset: Comfort with data‑quality checks, reconciliation, and reproducible workflows (naming/versioning hygiene).
• Problem‑solving: Bias for action, ability to frame problems, propose options with trade‑offs, and follow through to closure.
• Communication: Crisp writing, stakeholder‑savvy updates, and comfort presenting to busy partners.

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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.