Institutional Equity Division - Prime Brokerage Summer Associate Program (Mar 2024)

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 Prime Brokerage Client Service Mumbai team is a comprehensive partner to the global PB
organization offering centralization across the vast spectrum of client service functions for its hedge fund clients. The team also covers select hedge fund clients and other prime brokerage clients as account managers from the Mumbai office.

Roles and responsibilities

• Understanding the Prime Brokerage business.
• Analysis of financial products like equities, bonds, options, futures, Repo, Credit Default Swaps (CDS), Mortgage Backed Securities (MBS), swaps, the Counter (OTC) derivatives, and monitoring their cash flows and performance.
• Daily, weekly, and monthly reporting to the client as per their requirements and providing details like positions, balance, performance, Income and expense, etc.
• Understand various corporate actions conceptually and their implications on client reporting concerning cost basis and taxability.
• Working as a business analyst involves the development/renovation and testing of systems, application tools, and reports to create efficiency and scale.
• Projects involving process enhancements and standardizations reinforce values through teamwork and provide smooth transition.
• Partnering with various global teams.
• The projects are presented to senior management, giving analysts a firsthand experience of working on a project from inception to delivery.

Training & development 

On joining, you will go through a training program that covers Prime Brokerage as a business, financial products, applications, and systems training. During the internship, there will be senior manager presentations and professional skills workshops to provide you with a well-rounded experience.

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

The program has been designed to develop highly motivated professionals by providing a stimulating and supportive environment to understand the business and achieve the maximum potential. Summer Analysts spend eight to ten weeks working on live projects, understanding the business, and learning about how the Client Service team supports the global business.

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:

• University student with an outstanding academic record.
• Genuine interest and understanding of the financial markets coupled with problem
• solving skills.
• Analytical, insightful, a quick learner, a team player, and good at multitasking, with a
• positive attitude.
• Excellent communication skills.
• Ability to work efficiently on Microsoft Excel spreadsheets and PowerPoint presentations.
• Ability to react quickly to meet intra-day deadlines.

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
• Youtube.com
• Ambitionbox.com/reviews/morgan-stanley-reviews.