Equity Exotics Trading Assistant _ Senior Associate_ Institutional Equity Division

Company Profile

Mor g an Sta n ley is a lea d ing global fi n anc i al s e rv ic es firm prov i ding a wide ran g e of invest m ent ba n king, s e c u rit i es, inv e st m ent m anage m ent and w e alth m anage m ent serv i c e s . T h e Fir m 's e m ploye e s s e rve clien t s w o rldwi d e inc l u d ing corp o ratio n s , govern m en t s and ind i vid u a l s from m ore than 1,2 0 0 offic e s in 43 co u ntries.

As a m arket lead e r, the talent and p a ss i on of our p eo ple is c r itical to our s u cc es s. Togeth e r, we share a co mm on set of val u es r o ot e d in i ntegri t y, excel l e n ce and str o ng team ethic. Mor g an Sta n ley c a n p r o v i de a sup e ri o r fo u ndation for building a pr ofessio n al c a re e r - a pl ac e for p e ople to lea r n, to a c hi e v e and g row. A p hil o sop h y that ba l ances pers on a l lifestyl e s, persp e c tives a nd nee d s is an im portant part of our cult u r e .

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 and Fixed Income Division (FID) ranging from those associated with sales, trading, analytics, strats to risk management.

Primary Responsibilities

The candidate will be based out of Mumbai and will be working with the Equities Exotics Trading desk (London). The role suits a self-motivated, highly energetic individual who has a strong background in mathematical analysis. The role offers great opportunity to the candidates to build on their knowledge of and exposure to Equity Derivative products, risks as well as valuation.

The candidate will be involved in –

Trade Support/Capture

• Expiries/Determinations/Fixings
• Secondary Market/Indications
• Inventory Management/Treasury Unwinds
• Monitor upcoming autocall/barrier events, send report to trading/sales
• Track daily price movement in the books vs the market. Analyse the correlation in the movement.
• Track and analyse the hit-ratios for all of the Structured Derivatives books
• Daily PnL Attribution
• Send periodic pricing runs together in conjunction with trading and FE desk
• Generate internal marketing presentations for products
• Track/Monitor Index changes coming up in the week ahead.
  
  

Skills Required (essential)

We are looking for a confident and outgoing person, who has exceptional attention to detail and is proactive in taking initiative.

• Engineers (Tier 1 institute) with MBAs (preferred but not must)
• 1-6 years’ work experience in Banking/Financial Services in Equity Exotics – Hybrids, SNO, Index Derivatives
• Coursework/Strong understanding in Economics, Econometrics, Finance
• Good communication skills – written as well as telephonic. There will be regular communication with the trading desk and the person needs to be able to understand the requirements and express their thoughts clearly.
• High level of attention to detail
• Proficiency in MS Office products – Excel, Powerpoint
• Advance knowledge of VBA and programming in C++
• Coursework in Statistics is a plus
  
  

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

• Option Greeks and their behavior over time
• Derivative products like Swaps, Swaptions, Spread Options, Cap/Floors, range accruals, Digitals etc.
• Basic options trading strategies
• General behavior of Equity Derivatives markets – Flow and Structured Products
  
  

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.

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.