Senior Associate in Fixed Income 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. Division Fixed Income Division Job Title Quantitative Strategist Location Mumbai Job Level Associate/Senior Associate Department Profile The Fixed Income Division is comprised of Interest Rate and Currency Products, Credit Products and Distribution. Professionals in the Division assess and actively manage risk, trade securities, and structure as well as execute innovative transactions in the fastpaced and constantly changing global markets. The Structured Rates Division is a market leader in Interest Rates Derivatives trading worldwide whose professionals trade in both exchangetraded and OTC derivatives. Background on the Team The Structured Rates Asia desk trades IR derivatives in the Asian markets. Primary Responsibilities Morgan Stanley is seeking an Associate/Senior Associate Quant (24 years of experience) with strong analytical skills to join the Asia Structured Rates strategies. The new hire will be involved in developing analytics tools and pricing models for the desk. Successful candidate must be a resultoriented problem solver, who can pick required math, technical and finance knowledge as needed. Responsibilities Quantitative support for the Interest Rates Options Trading desk Develop and maintain risk management and valuation models tools used by the desk. Improve and maintain market models for interest rate derivatives. Maintain and develop pricing algorithm. Assess pricing model limitations, and analyze effectiveness of existing risk models. Monitor daily profit and loss attribution, ensuring model risks properly capture price volatility. Work with control groups to resolve valuation attribution issues and work with IT groups to improve profit and loss attribution. Maintain certification of existing valuation and risk models. Scripting and automation of routine tasks (e.g. model change analysis, adhoc risk reports) (C++ and Scala) Developing tools for pricing, risk management and datadriven insights. Working with controllers and the model risk groups on model documentation and approval. Write and maintain required documentation and testing evidence for the control groups, ensuring model testing and documentation comply with model control standards. Respond to inquiries of the control groups. Facilitate risk management of trading desks portfolio to develop risk analysis algorithms and implement risk management tools, including stress tests and scenario tests. Work with risk management department to enhance risk management practices. Work closely with the trading desk to support existing tools and build the next generation of risk management and valuation tools. Explain evaluation and risk models behavior under various market move scenarios. Communicate to senior traders on key quantitative projects Education Bachelors degree in Engineering or Sciences Master's degree in Financial Engineering, Computational Engineering, or a related field of study (Math / Physics / Computer Science) is a plus. Skills desired Experience in developing and supporting quantitative models in finance Quantitative finance methods including probability theory, stochastic calculus, time series analysis, statistics, and numerical techniques Interest rates derivatives and modelling techniques Quantitative modeling and statistical analysis Demonstrable experience of writing testable code in a financial setting is ideal. Finance No-arbitrage pricing models for interest rate derivatives Understanding of interest rate products including caps, swaptions, and Bermudan options Understanding of pnl attribution Technical Experience with C++ is important Experience with Scala/Java is a plus 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 thats differentiated and weve 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 - arent just beliefs, they guide the decisions we make every day to do whats best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, youll 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 worklife journey, offering some of the most attractive and comprehensive employee benefits and perks in