Fixed Income Division - BURM CPR Summer Associate Program null

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management, and investment management services. With offices in 42 countries, the firm's employees serve clients worldwide including corporations, governments, institutions, and individuals. Committed to maintaining the first-class service and high standard of excellence that have always defined the firm and everything it does is guided by its core values.

Your role

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 fast-paced and constantly changing global markets. 

The dedicated global team, with demonstrated leadership in risk management, monitors and manages risk through a combination of statistical analytical tools and stress tests. They use a combined top-down and a bottom-up holistic approach to create the most comprehensive margin policies, taking into account portfolio correlations and shifts as well as incorporating sensitivities to hedges.

Roles and responsibilities

• Perform Initial Margin calculations for all Fixed Income products, as well as Commodities and Repos.
• Actively monitor stress loss calculations, investigate material changes, and provide a summary of the same.
• Provide adequate risk analysis in response to market events, or response to client-related developments.
• Analyze and provide commentaries on the daily risk reports and create monthly/periodic risk summaries.
• Historical movement back-testing for key Foreign Exchange and Rates and Credit market instruments.
• Comparison of different stress testing scenarios.
• Performing sensitivity analysis of key risk drivers for selected clients.
• Investigation of risk changes for key clients.
• Obtaining credit analytic information for publicly traded funds (e.g. UCITS).
• Assist in methodology and research related to stress testing risk models.
• Create and implement technical solutions for Business as Usual (BAU) streamlining.
• Identifying opportunities for process efficiencies and implementing corresponding solutions within the team (local as well as regional).

Training & development 

On joining, you will go through a training program that covers business process and systems training, gain hands-on experience and you’ll collaborate with industry leaders and innovators who will guide and support you, as you forge a path to success.

Benefits

The internship will benefit you in the following ways:

• Hands-on experience
• Learning opportunities
• Networking
• Competitive compensation
• Inclusive environment
• Exposure to global projects.

Career progression

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. You will have the opportunity to network with industry people during events, you can build your relationship, and position yourself for career opportunities down the road.

Work-life balance

Regarding work-life balance, Morgan Stanley adheres to a typical Monday to Friday schedule from 11:30 a.m. to 8:30 p.m. IST, but they provide flexibility for time-sensitive tasks, including Indian public holidays. Employees can enjoy flexible working hours, including the option to work from home. Morgan Stanley maintains a five-day workweek, with an average of 55 working hours.

Culture & vibe  

Morgan Stanley is differentiated by the caliber of its diverse team. The culture of access and inclusion has built its legacy and shaped its future, helping to strengthen the business and bring value to clients. Following a corporate culture in which everyone feels they belong is fundamental to its role as a global leader constantly striving for excellence in all that it does.

About you

The requirements for the role are:

• Engineering graduates / MBA (Finance) from reputed institutes.
• Familiarity with valuation of Fixed Income products (Rates, Bonds, Credit, Foreign Exchange, Commodities) will be advantageous.
• Advanced knowledge of programming languages (Python, R, etc.).
• Experience in building models for trading/risk management would be advantageous.
• Proficiency in MS Office and related applications (Excel Pivots/Lookups/Functions,
• PowerPoint).
• Willing and eager to learn and work with different teams and divisions of the Firm.
• Strong motivation - a self-starter with a positive outlook and desire to solve problems.
• Strong analytical skills with an ability to understand complex workflows.
• Strong verbal and written communication skills with the ability to clearly articulate objectives, requirements, risks, and issues to senior management and other stakeholders.
• Ability to identify and escalate issues effectively and appropriately.
• Good organizational skills and a high degree of attention to detail.

How to apply

To apply for this role, click on the "Apply on employer site" button, which navigates to the career section where the application can be filled out and submitted directly.

Sources

The following source was used in researching this page:

• Morganstanley.com/people-opportunities/perks-benefits-working-at-morgan-stanley
• Ambitionbox.com/reviews/morgan-stanley-reviews
• Youtube.com.