Associate - Equity Drafting (Operations)

About Morgan Stanley

Since its founding in 1935, Morgan Stanley has consistently delivered first-class business in a first-class way. Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services.

The Risk Analytics team in Mumbai is part of the Market Risk Analytics and Scenario Analytics teams of the firm. The Market Risk Analytics team is a methodology team responsible for the development, enhancement, and periodic updates of risk models for the firm’s portfolios for the Market Risk department.

Your role

The role is within the Equity OTC Confirmation area, which is part of the broader Equity Derivatives group under the Derivations Operations umbrella.

Responsibilities

• Sending affirmation requests to clients and making sure trades are executed within the timelines.
• Regular follow-ups with clients and using the escalation matrix wherever required.
• Understanding the end-to-end flow of the process and getting into contact with sales and trading, brokers, MO and settlement teams regularly to resolve breaks raised by clients
• Data mining, business analysis, modelling/reporting, and documentation: preparation and
• compilation of daily/weekly/monthly metric dashboards to ensure thorough business analysis
• Collaborate with team members of all levels to complete daily tasks, share the market and
• systems knowledge, create best practice methodologies and approaches for business analysis,
• issue follow-up and escalation
• Develop relationships with clients (i.e., Counterparties, Traders, Origination, Legal, Credit, IT
• and Controllers) to understand the priorities of stakeholders to ensure that business needs are
• met, protect client confidentiality and address ad-hoc requests in a timely fashion.
• Knowledge of Equities product(Swaps + OTC options) preferred.
• Understanding of the basic lifecycle of OTC products
• Answering detailed queries on specific products including Equity Swaps, OTC Options and Variance Swaps
• Research and resolve documentation discrepancies through proactive communication with internal partners (legal, sales, trading) and external counterparties.
• Ensure accuracy and completeness of internal confirmation records versus electronic platforms
• Implement and maintain stringent process controls to mitigate firm and client risk

Training, Development & Rotations

The MSFS Internship Program has been designed to develop highly motivated professionals by providing a stimulating and supportive environment to understand the business and achieve maximum potential.  On joining, you will go through a training program that covers business process and systems training.

Summer Associates spend eight-ten weeks working on live projects, understanding the business workings and how Investor Services supports Morgan Stanley and its businesses.

Salary & Benefits

The annual salary for this role can range from INR 7.0 Lakhs to INR 8.0 Lakhs (Source: Glassdoor).  They provide the following benefits

• Health Care & Insurance
• Life Insurance
• Vacation & Paid Time Off
• Maternity & Paternity Leave
• Work From Home options 
• Student loan refinancing for you, your family, and your friends
• Cash management, securities-based loans, and home financing solutions with options for each stage of your life

Career Progression

A wealth of opportunities for career mobility and a culture that encourages employees to take on new challenges make Morgan Stanley India a hub for professional growth.

Morgan Stanley values and embraces uniqueness and individuality, and its commitment to diversity permeates all levels of the organisation. By fostering an open and inclusive corporate culture, its employees can achieve their professional goals. Here, they focus on enhancing their employees' careers by offering various educational and professional development programs.

• Diversity Training
• Leadership Program 
• Project Career development program
• Project Impact leadership program

Work-Life Balance

They have a good and inclusive work culture where they hugely invest in their employees’ learning and development training. It provides flexible work hours with work-from-home options. The company operates five days a week with an average of 55 working hours.

Culture & Vibe  

Morgan Stanley offers a dynamic and multifaceted environment that requires individuals to work closely with colleagues across various functions and the Business Unit in onshore regions. You will get to work with extremely talented peers in a meritocratic team-oriented culture.

How to Apply

To apply for this role, just click on the Apply on employer site button. It will navigate to the career section where the application can be submitted.