Description: The internship is a 6-month program designed as an opportunity to learn

more about the important role that Institutional Equity Division plays within Morgan

Stanley. The Quantitative Investment Strategies business at Morgan Stanley sits within

the Institutional Securities Group with a cross-asset mandate and is a global multi-

function team consisting of dedicated Research, Structuring, Strats, and Trading. The

mandate of the group is to design quantitative systematic strategies that can be offered

to the firm’s clients to access in a variety of formats. This is a challenging role and offering

exposure to an interesting, dynamic product group and work environment to build your

career in.

Skill sets: Pursuing degree with a quantitative discipline (BE, BTech, MS in

Maths/Statistics/Financial Engineering)

Traits expectation:

• Some exposure to Index/Quants Research and equities/multi asset indices analytics is

important.

• Computer Skills: strong programming skills such as Python (mandatory), R and Java.

• 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.

• Strong attention to detail.

• Excellent written and verbal communication skills/Ability to express ideas via writing.

Prior track record in writing marketing material/trade ideas for wider distribution will be

advantageous.

• Proactiveness / Initiative taking & Teamwork are the skills desired

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

Expected learning:

• Work on new equity and multi-asset index development - back testing, coding,

tweaking codes

etc.

• Development of processes to improve index support, e.g. scripts to aid debugging,

index code

refactoring and standardization

• Index oversight - Daily monitoring of the complex indices & resolving calculation issues

(data

problems, calendar errors, common code errors etc.)

• Overseeing Index rebalance processes for client directed strategies

• Making modifications in existing live indices e.g. new cost structures, universe changes,

minor

methodology adjustments

• Index Description drafting for minor adjustments, Repeat Index Launch Form

completion

• Carrying out performance attribution of systematic strategies

• Production of periodic standard performance reporting for client distribution

• Development and production of position, stress, composition reports for clients

• Bespoke scenario/sensitivity analysis for clients

Morgan Stanley IED GMG – Quantitative and Investment Strategies role.

Station Overview

Project 1

Title: Institutional Equity Division - Quantitative and Investment Strategies