Associate - Libamg Core Strats_Institutional Equity Division

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 Core Strategist for its Equity Derivative Strat Team. Strategists are key participants, together with traders and salespeople, in the revenue-generating activities of our Sales & Trading Division. Core Strategists provide the C++ quant library platform in which new product-specific valuation models are written. They ensure the speed, quality, consistency, and timely delivery of valuation models across all equity derivative products.

We are looking for a strategist to help run and automate the continuous release process of our C++ valuation models. These valuation models are contained in a large library with dozens of active contributors which we aim to release weekly. We must extensively test the integration of each release candidate into many distinct release systems, identify all modeling changes, and provide reasonable impact estimates to the business and regulators. We want to automate many steps in this process, improve testing quality, and accelerate the turn-around time to achieve rapid delivery for the business.

Key Responsibilities

• Create tools which:
  • Build and package our library in the formats needed for integration into downstream systems.
  • Analyze millions of test results, identifying key number difference patterns, and providing tools for further drill down.
  • Track number differences back to the corresponding originating change.
  • Provide miscellaneous workflow support for the release process.
• Manage Releases:
  • Review changes flagged by overnight tests before the release cycle starts.
  • Coordinate with change authors to be sure that we know the importance, risk, and expected impact of each change.
  • Coordinate library building and packaging along with corresponding technology components.
  • Coordinate integration tests with downstream systems and review test results.
  • Identify the source of all number differences across all tests and ensure they are signed off.
  • Provide a summary of changes in each release for senior strat management to sign off.

Skills required (essential)

• Engineering degree in a computing related field.
• At least one year of software development using python or a similar language.
• Linux command line tools such as "bash", "awk" and "sed".
• Ability to work collaboratively in a team environment.
• 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, below knowledge is not critical but useful for the role.

• Mathematical optimization algorithms.
• Experience with containers (e.g., docker) and AWS cloud deployment.
• Experience with build systems (e.g., bazel, pip).
• Experience with continuous integration systems (e.g., Jenkins, GitHub Actions)
• Experience with KDB/Q
• Knowledge of Java

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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

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.