Exotic Derivatives Strats _ Vice President_ Institutional Equity Division

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and a strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

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. It covers functions across IED covering sales, trading, analytics, strats and risk management.

Primary Responsibilities

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 involve:

· Contributing to the development of our vanilla and structured products platform from product modelling to pricing, ordering, and life cycle events.

· 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.

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

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

· Lead, groom, and develop the Exotics Strats team in Mumbai

Essential skills

· Degree with a quantitative discipline (BE, BTech, MS in Maths/Statistics/Financial Engineering) from Tier 1 institutes

· Computer Skills: strong object oriented programming skills in Java, C++, C# or Python including knowledge of data structures, algorithms, and design

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

· Good knowledge of Probability, Numerical Analysis, Stochastic Calculus, Approximation theory, Partial Differential Equations

· Excellent written and verbal communication skills

· Strong attention to detail, and a willingness to take ownership of projects

· Drive and desire to work in a team-oriented environment

Additional skills

· Option Greeks and their behavior over time

· Derivative products like Options, Futures, Swaps etc.

· General behavior of the 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 maximize their full potential.

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.