Position Description
This role sits within the Fixed Income Counterparty Risk team and provides broad exposure across Rates, FX, Commodities, and Repo businesses. The successful candidate will work closely with global Sales Trading desks, hedge fund clients, and senior risk managers to oversee counterparty exposures, margin methodologies, and risk analytics. The role offers a combination of quantitative analysis, business engagement, and risk management responsibilities within a dynamic front-office environment.

Primary Responsibilities

- Calculate and monitor Initial Margin requirements across Fixed Income, FX, Commodities, and Repo products.

- Serve as a subject matter expert for margin-related queries from internal stakeholders, including Sales Trading, as well as external hedge fund and institutional clients.

- Investigate daily margin disputes, assess materiality and risk implications, and escalate issues where appropriate.

- Monitor settlement fails and identify emerging counterparty or operational risks requiring management attention.

- Analyse daily stress loss and exposure metrics, investigating significant movements and communicating key drivers to stakeholders.

- Participate in real-time trade approval processes, providing risk assessment and challenge for complex or large transactions.

- Contribute to client onboarding reviews and risk committees, ensuring appropriate counterparty risk standards are maintained.

- Support the development and enhancement of counterparty risk methodologies, including Initial Margin, VaR, Historical Simulation, and stress testing frameworks.

- Represent Business Unit Risk Management in cross-functional initiatives and strategic projects involving Trading, Operations, Technology, Legal, and Compliance teams.





- Perform ad hoc risk analysis in response to market events, portfolio developments, and client-specific risk concerns.

Qualifications

Master s degree in Financial Engineering, Quantitative Finance, Mathematics, Statistics, Physics, Engineering, or a related quantitative discipline.

Experience and Skills Required

- 2 6 years of experience in Counterparty Risk, XVA, Structuring, Quantitative Risk, Market Risk, or a related front-office risk function.

- Strong understanding of Fixed Income products -Interest Rate derivatives, FX, Commodities, and Repo markets.

- Familiarity with counterparty credit risk concepts, exposure measurement methodologies, collateral management, and margining frameworks.

- Knowledge of Initial Margin methodologies, ISDA SIMM, UMR, or related regulatory margin requirements is advantageous.

- Experience with quantitative modelling, risk analytics, or trading-related risk management processes is preferred.

- Proficiency in Python, SQL, or similar analytical tools is beneficial.

- Strong analytical and problem-solving skills, with the ability to interpret complex risk exposures and communicate conclusions effectively.

- Excellent verbal and written communication skills, with confidence interacting directly with traders, senior management, and external clients.

- Ability to manage multiple priorities in a fast-paced market setting while maintaining attention to detail.

- Demonstrated ability to work independently while contributing effectively within a team setting.

- Curious, proactive, and motivated to develop expertise across products, markets, and risk disciplines.

Disclaimer: This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Counterparty Risk management, Senior Associate, Fixed Income Division (Mumbai)
🏢 Morgan Stanley
📍 Mumbai