Department Profile

From global institutions to hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instrument in all the world’s financial markets. Morgan Stanley professionals use our network and technology to provide liquidity and sophisticated analysis, to manage risk and execute reliably in the fast-changing markets.

Morgan Stanley’s Institutional Equity Division (IED) is a world leader in the origination, distribution and trading of equity, equity-linked and equity-derivative securities. Our broad and deep client relationships, market-leading platform and intellectual insights enable us to be a world-class service provider to our clients for their financing, market access and portfolio management needs.

Global Markets Group is the offshoring arm of Morgan Stanley’s Sales & Trading businesses in India. It covers functions across IED ranging from those associated with sales, trading, analytics, strats to risk management.

Primary Responsibilities

Morgan Stanley's Equities Derivatives division is looking for a strategist/quantitative analyst for its Exotic Derivative Strat team.  Strategists are key participants, together with traders and salespeople, in the revenue-generating activities of our Sales & Trading Division. Strategists are the primary quant modellers for new products, and team with the traders to deliver innovative ideas using models to analyse risks and opportunities in trading books for complex derivatives.

Exotic strats are responsible for implementing and supporting both the data and quant models used in exotic trading.  They also look after automation of the Exotics product flow, including pricing methodology, control of the pricing platform and automated booking.  They also assist with tooling for exotics trading, to improve the risk management and hedging infrastructure.

Responsibilities for this role would involve:

·         Build cutting edge tools for trading and risk managing equity derivatives products.

·         Implement new stochastic processes to value exotic hybrid securities and support existing library.

·         Conduct analysis of complex trade to assess the best pricing method.

·         Analyse and manage the risk of the positions currently in the book.

·         Create tools to assist decision making & increase efficiency in trading.

·         Regular communication with team members in Europe and New York.

Skills required (essential)

·     An advanced degree in a quantitative subject such as Engineering, Applied Mathematics, Physics, Software Engineering is mandatory.

·         Very strong quantitative skills, with knowledge of Exotic Derivative models being a strong plus.

·         Very strong programming skills in an object oriented language (Java/Python/C++) applied within the library of a front office team is a strong plus.

·         Good knowledge of Probability, Numerical Analysis, Stochastic Calculus, Approximation theory, Partial Differential Equation and an expertise in either of these subjects.

·         Drive and desire to work in an intense team-oriented environment.

·         Ability to communicate effectively in both written and verbal English.

·         In addition, the candidate should have theoretical or practical understanding of -

·         Option Greeks and their behavior over time

·         Knowledge of exotic options such as Binary options, Asian options, Barrier options etc. is preferred.

·         Derivative products like Swaps, Swaptions, Spread Options, Cap/Floors, range accruals, Digitals etc.

·         General behavior of Equity Derivatives markets – Flow and Structured Products

 Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.