Executive Director

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.

As a market leader, the talent and passion of our people is critical to our success.  Together, we share a common set of values rooted in integrity, excellence and strong team ethic.  Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

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 strong team lead with experience of hiring, supervising and developing an offshore team of Quant Developers working on C++ development and/or python development for Equities products & pricing. The Quant Dev team supports the analytics library code used by desk strats and by the firm's pricing, P&L and risk systems. The team is responsible for all lifecycle, engineering, documentation and regulatory aspects of the libraries. The candidate will work closely with the desk strats to assist with development of pricing and risk analytics.

Key Responsibilities

•    Hiring, supervising and developing a team of Quant Developers based in India who will work as part of the global IED Strats team to support Desk Strats within IED

•    Participating in planning, reporting and task prioritization processes for the global IED Strats team along with team leads in other locations.

•    Working with Desk Strats to develop, maintain and support the Equities C++ analytics libraries.

•    Improving the engineering standards and performance of the library code.

•    Adding support for new products and market conventions.

•    Investigating pricing and risk issues.

•    Working closely with IT on integration of the libraries into the firm's risk systems.

•    Liaising with control functions including model risk, software lifecycle, audit and regulatory.

Leadership, Stakeholder & Team Management:

•    Lead, groom, and develop the Core Strats team in Mumbai.

•    Foster a culture of collaboration and efficiency, ensuring that the team provides top-tier support to the desk.

•    Monitor team performance and feedback, handle resource planning, recruitment, and staff training.

•    Build strong relationships with regional Strats desk, Risk, Compliance, and Technology teams.

•    Serve as a liaison between the Strats, Trading desk and other departments to resolve issues and implement solutions.

•    Continuously review and improve operational workflows to enhance efficiency and minimize risk.

Skills required (essential)

•    Proven experience in a similar role building an offshore QD team and working with Strats stakeholders and QD peers in a geographically distributed team.

•    At least 15 years of experience in software development using C++/ Java & python.

•    Bachelor's degree in a technical field that uses applied mathematics (ex. Computer Science, Engineering, Mathematics).

•    Experience of designing and maintaining analytics libraries, including exposure to Derivative products.

•    Strong C++ development, including working in a large team with a large, rapidly changing codebase and of supervising people working in such an environment.

•    Good communication skills and the ability to work with trading desks and IT.

•    Experience working in a cross-functional teams, bridging technical & design perspectives.

•    Strong communication skills, both written and verbal.

•    Drive and desire to work in an intense team-oriented environment. 

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.

•    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.

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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.