Fixed Income Division - Associate/Senior Associate, Rates Trading Assistant (Mumbai)

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Skills you'll use

What you'll do

• Provide day-to-day support to traders across relevant cash and derivative products, including government securities, bond-related derivatives, Total Return Swaps, repo, and reverse repo.
• Manage daily financing activities including reporting, MSIP collateral bookings, overborrow identification and returns, DW T0 covers, Fed borrow bookings, stock loan ticket repricing, and fully paid stock loan triparty updates.
• Perform PB re-rates, securities pool, BR GC repricing, agency/strip/special swing adjustments, and ensure correct funding rates are applied across GC and special securities positions.
• Monitor positions, shorts, overborrows, special coupon exposures, SOMA positions, and collateral movements; identify exceptions and report significant exposures or funding issues to traders, counterparties, and operations teams
• Produce daily P&L reports, SOMA P&L analysis, flow reporting, OFR/OTR trade reports, auction charts, dealer positioning charts, and other desk analytics to support trading decisions.
• Maintain TRS lifecycle events (resets, expiries, terminations), execute ETF create/redeem processes, perform ETF swings and hedging allocations, and ensure accurate portfolio positioning.
• Coordinate with traders, sales, counterparties, Treasury, Operations, and securities lenders; distribute reports, confirm bookings and provide regular market and position updates to the desk.

Who can apply

• Bachelor’s degree or equivalent qualification in Finance, Economics, Mathematics, Engineering, Accounting, Business, or a related discipline.
• Relevant experience in a trading-assistant, desk-support, trade-support, middle-office, client financing, or financial-markets role.
• Working knowledge of fixed-income and Rates products and the trade lifecycle.
• Strong analytical and problem-solving skills, advanced attention to detail and a disciplined approach to controls.
• Ability to prioritize competing deliverables and perform effectively during periods of market pressure.
• Proficiency in Excel VBA, SQL, Python, or comparable automation and comfort working with complex datasets.

About Morgan Stanley

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