Senior Associate, Counterparty Risk Management, Fixed Income

About the role

Fixed Income Counterparty Risk team at Morgan Stanley manages margin, exposure and risk analytics across Rates, FX, Commodities and Repo. The Senior Associate calculates Initial Margin, monitors daily risk metrics, resolves margin disputes and supports risk methodology development while collaborating with sales, trading and senior risk managers. Mumbai, on-site, 3 days onsite per week.

What you’ll do

• Calculate and monitor Initial Margin requirements across product sets
• Serve as subject matter expert for margin queries from internal and external stakeholders
• Investigate daily margin disputes and assess risk implications
• Monitor settlement fails and identify emerging counterparty risks
• Analyse daily stress loss and exposure metrics and communicate drivers
• Participate in real‑time trade approval and risk assessment processes
• Contribute to client onboarding reviews and risk committee activities
• Support development and enhancement of risk methodologies and frameworks

What you’ll bring

• Master’s degree in a quantitative discipline
• 2–6 years experience in Counterparty Risk or related front‑office risk function
• Strong understanding of Fixed Income, FX, Commodities and Repo products
• Familiarity with credit risk, exposure measurement and margining frameworks
• Knowledge of Initial Margin methodologies such as ISDA SIMM or UMR
• Experience with quantitative modelling and risk analytics
• Proficiency in Python and SQL
• Strong analytical, problem‑solving and communication skills

Skills

Education

Master’s degree in Financial Engineering, Quantitative Finance, Mathematics, Statistics, Physics, Engineering or related field