Morgan Stanley - Exotic Equities Trader

Position Description:

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 interest rate products, risks as well as valuation.

Responsibilities include:

The candidate will be involved in:

- Scenario Analysis/Model Calibration/Risk Reporting

- 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 Exotics books

- Daily PnL Attribution

- Reverse Engineer exotic market quotes from the inter-dealer broker market and maintain a database

- Send periodic pricing runs together in conjunction with trading and FE desk

- Generate internal marketing presentations for products

- Trade Support/Capture

- Custom indices - daily market data validation and maintenance

- Track/Monitor Index changes coming up in the week ahead.

- Expiries/Determinations/Fixings

- Secondary Market/Indications

- Inventory Management/Treasury Unwinds

Skills Required:

- Engineers (Tier 1 institute) with MBAs (preferred but not must)

- 1-3 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