Market Risk Associate, Institutional Equity Division

Market Risk Associate, Institutional Equity Division

Since 1935, Morgan Stanley has been recognized as a global leader in financial services, consistently evolving and innovating to better serve clients and communities across more than 40 countries worldwide.

Department Profile

Morgan Stanley’s Institutional Equity Division (IED) leads globally in the origination, distribution, and trading of equity, equity-linked, and equity-derivative securities. Our extensive client relationships, market-leading platform, and intellectual insights enable us to deliver world-class service for clients’ financing, market access, and portfolio management needs.

The Global Markets Group, based in India, serves as the offshoring arm for Morgan Stanley’s Equity businesses, covering functions from sales and trading to analytics, strategy, and risk management.

Background on the Team

The Institutional Equities Division’s Counterparty Risk team, also known as the Market Risk team, provides support to the Equities, Listed Derivatives, OTC Clearing, and Electronic Trading businesses. Professionals within IED’s Risk Division are responsible for assessing and actively managing risk across client portfolios and transactions. This involves analyzing these elements to anticipate potential losses and ensure adequate funding.

What You’ll Do In The Role

• Conduct risk analysis using stress testing, VaR, backtesting, and other relevant measures.
• Upload and analyze sample prospective portfolios, encompassing various financial product types including Equities, Convertible Bonds, Corporate Bonds, Swaps (IRS/CDS), Options, and Futures on Commodities, Index, Interest Rates, and Currencies.
• Search for relevant tickers/identifiers for financial products using Bloomberg and internal sources/databases.
• Analyze live client portfolios, identify risk issues/concerns, and recommend appropriate margin policy changes.
• Perform comprehensive risk analysis for diverse funds, evaluating factors such as liquidity and concentration.
• Prepare senior management risk reporting and trend analysis for various business units.
• Create detailed Tall Trees reports for senior management.
• Execute risk analysis based on specific strategies, countries, sectors, or other market-based events as required.
• Drive streamlining, automation, and tool building initiatives for internal risk management processes.
• Liaise with relevant regional stakeholders (Risk, Margin, Credit, IT, etc.) for periodic risk deliverables.
• Actively participate in global risk projects initiated from Mumbai, contributing to requirements gathering, development, testing, and validation.

What You’ll Bring To The Role

• A graduate degree in Mathematics or Engineering, coupled with strong analytical skills.
• 1-2 years of experience within the Finance industry.
• Completion of FRM / CFA (at least Level 1).
• In-depth understanding of Financial Products (Equities, Options, Futures, Bonds, Commodities, Rates, Credit) and a solid grasp of associated risks.
• Working knowledge of programming languages such as VBA, Python, or R, or the ability to analyze large data sets using tools like SQL, Excel, or Power BI.
• Strong analytical skills and a hands-on approach to problem-solving.
• Excellent communication skills.
• Exceptional organizational skills and a high degree of attention to detail.
• Ability to work independently and efficiently within a complex, fast-paced environment.
• Enthusiasm to volunteer for planning, organizing, and participating in department and firm events.

What You Can Expect From Morgan Stanley

At Morgan Stanley, we raise, manage, and allocate capital for our clients, helping them achieve their financial goals. We've done so distinctively for 90 years. Our core values – client-first approach, integrity, innovative ideas, commitment to diversity and inclusion, and community engagement – are not just principles, but daily guides for decisions benefiting our clients, communities, and over 80,000 employees across 1,200 offices in 42 countries. Join Morgan Stanley to work with top talent in a supportive, empowering environment. Our teams are collaborative and creative, enriched by diverse backgrounds. We offer comprehensive employee benefits and perks, supporting employees and their families throughout their careers, alongside ample opportunities for internal mobility for those demonstrating passion and grit.

Key skills/competency

• Market Risk Management
• Stress Testing
• VaR Analysis
• Financial Product Analysis
• Portfolio Analysis
• SQL
• Python/VBA/R
• Data Analysis
• Regulatory Reporting
• Global Collaboration