Delta One/ Cash Trading Strats - Index Rebalance, Manager, Institutional Equity Division
Morgan StanleyAbout Us
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
Delta one trading is one of the biggest risk-taking desks in equities trading. Traders on this desk act as a market-makers (non HFT) and offer various liquidity offerings to clients on a discretionary and systematic basis.
The role is within systematic trading arm of delta one where key aspects of the role combines broad market understanding, knowledge of market impact models, risk models and portfolio construction. We are looking for proactive, self-starting individual to be part of our India team working with EMEA Cash Trading Strats team. This is a challenging role and offering exposure to an interesting, dynamic product group and work environment to build your career in.
Responsibilities for this role would involve:
- Support live rebalance events, ensuring data accuracy, stability, and timely delivery to traders.
- Design and implement data processing pipelines using Python
- Implement validation and control checks to ensure correctness of rebalance inputs and outputs.
- Experience with index rebalances (MSCI, FTSE, S&P, STOXX, TOPIX, etc.).
- Building Tools/Apps to analyze and spot anomalies in a complex & multidimensional marketplace.
- Regular communication with team members in London and Paris.
Skills required (essential)
- Degree with a quantitative discipline (BE, BTech in Computer Science, MS in Maths/Statistics/ FE) from Tier 1 & 2 institutes.
- Any progress towards CFA would be preferred.
- 1-4 years of relevant working experience in a Tier1 investment bank or buy side firm.
- Strong Python (pandas, NumPy; production‑grade scripting) knowledge is a must.
- Automate end‑to‑end index rebalance workflows using Python, including ingestion of vendor pro‑forma files, validation, and generation of trader‑ready outputs
- Solid understanding of equity index mechanics
- Estimate rebalance trading flows using index AUM, turnover, liquidity assumptions.
- Must be able to flexibly respond to changes in priorities, be able to communicate results to a less-technical audience, work well in a team and be comfortable in a front office environment.
- Drive and desire to work in an intense team-oriented environment.
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 that’s differentiated – and we’ve 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 - 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.