From the largest global institutions to innovative new hedge funds, investors come to Morgan Stanley for sales, trading, and market-making services in almost every type of financial instruments including stocks, bonds, derivatives, foreign exchange, and commodities. Our professionals provide liquidity and content to clients around the world, actively assessing and managing risk, trading securities, and planning and executing transactions in the fast-changing markets. As the needs of our clients become increasingly complex, we often develop customized solutions.
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, associated to sales, trading, analytics, strats, risk management and documentation.
Background on the Team
Institutional Securities Documentation (ISD) is a global team based in several locations (including New York, London, Hong Kong, and Tokyo). EDG stands for Equity Documentation Group, which is part of ISD and is comprised of a group of negotiators with legal backgrounds (i.e. practicing lawyers in HK/UK/NY; and/or as holders of law degrees/master’s in law). We support the equity businesses of Morgan Stanley offices and handle documentation for prime brokerage and listed derivatives, over-the-counter on equity swaps/options (vanilla and exotic) on global equity underlying, stock-lending, listed derivatives, warrants issuance, regulatory remediation and subsets of documentation relating to our coverage areas.
This role is in Mumbai and requires working with the overseas Equity Documentation Group. The role will require a fast-learning, dynamic, pro-active, and self-motivated person to assist the team in its day-to-day activities.
The current opening is for a professional within the Mumbai team, with responsibility for documentation aspects of OTC derivative transactions, prime brokerage, and stock-lending transactions in the overseas regions.
Review and analyze constitutional documents of the client, to establish their capacity and authority capabilities for entering derivative transactions with Morgan Stanley.
Draft, negotiate and execute amendment agreements to the master derivatives agreements.
Review and analyze capacity and authority legal opinion from external counsel and highlight issues to Risk and Legal for approvals where applicable.
Work closely with MS internal stakeholders, to obtain approvals on deviated terms identified in negotiable agreements, with clear implication on deviated terms to enable internal stakeholders to make informed decisions.
Handle business unit’s queries on the terms of documentation ISD handles.
Participate in globally or locally lead projects related to documentation requirements.
Undertake tasks directly related to the coordination and lifecycle management of the clients’ agreements and act as a point of contact for the clients for all tasks originating from the New York region.
Responsible for administering and facilitating the agreement execution process; maintain and update clients’ contract database/systems; attend to day-to-day coordination among internal procurement and legal teams with respect to such contracts; and perform due diligence to ensure contract terms and conditions as well as information of the parties is reflected in the client’s contract database/systems.
Skills required (essential)
Law graduate with relevant 2-9 years of experience in financing/derivatives.
In-house documentation negotiation experience or paralegal experience in corporate law firms.
Excellent oral and written communication skills. Prepared to speak to clients (internal and external).
Proficiency in English is a must. Excellent oral and written communication skills.
Good team player. Ability to work well with local as well as global teams.
Solid quantitative skills and strong interest in business, economics, and law.
Ability to provide quality service to the Firm’s clients and to promote/enhance the Firm’s franchise.
Willingness to work in a dynamic environment and ability to excel under pressure.
Proficiency in using technology and systems optimally for work purposes.
Organized, pro-active, ability to multi-task and work efficiently, detail-oriented, and self-sufficient.