Morgan Stanley

Exotic Derivatives Strats - Manager - Institutional Equity Division

Posted On

June 28, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

June 18, 2025

Job Description

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 DifferentialEquation 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.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

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.

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