Institutional Equity Division - Manager, MSET QR Strats Capital Market Specialist (Mumbai)

Overview

Analyze, calculate and review free float for global equities in line with equity benchmark methodology, working closely with global Morgan Stanley Quantitative Research teams from Mumbai.

What you'll do

• Analyze, calculate and review free float for global equities in line with equity benchmark methodology and index implementation rules.
• Review company filings, exchange disclosures, regulatory announcements, shareholder data, vendor feeds and other public sources to identify float-relevant ownership changes.
• Assess the impact of strategic holdings, government ownership, founder/promoter holdings, cross-shareholdings, employee trusts, lock-up shares, treasury shares, foreign ownership limits and other restricted holdings on free float.
• Perform detailed float calculations and determine investable shares, float factors, shares outstanding and resulting index weight impacts.
• Monitor corporate actions such as M&A, spin-offs, placements, buybacks, secondary offerings, rights issues, IPO lock-up expiries, restructurings and share class changes to assess their impact on float and index treatment.
• Partner with global teams to respond to client and internal queries related to free float, shares outstanding, index weights, corporate actions and equity benchmark methodology.
• Produce high-quality written analysis, emails and presentations explaining complex float cases, methodology interpretation and market impact.

What you'll need

• 5+ years of experience in the financial services industry, with direct experience in equity markets, index products, benchmark methodology, corporate actions or market data.
• Strong practical understanding of free float methodology, shares outstanding, investable market capitalization, float factors and index weight calculations.
• Experience reviewing company filings, shareholder structures, ownership disclosures, exchange announcements, regulatory filings and vendor data to determine float eligibility.
• Ability to analyze complex ownership structures, including promoter/founder holdings, government stakes, strategic investors, crossholdings, employee ownership plans, lock-up shares, treasury shares and restricted securities.
• Demonstrated experience calculating free float and assessing the impact of float changes on index membership, index weights, size classification, style classification and market representation.
• Strong knowledge of corporate actions that affect float, including M&A, spin-offs, IPOs, lock-up expiries, placements, buybacks, rights offerings, share conversions and reorganizations.
• Exceptional attention to detail, with a strong control mindset and ability to manage time-sensitive calculations accurately.
• Strong Excel and data analysis skills.
• Degree in quantitative or finance-related disciplines such as Engineering, Mathematics, Statistics, Financial Engineering, Economics or Finance.

Nice to have

• Experience with Asia and EU/EMEA equity markets, particularly in relation to corporate actions, ownership disclosures, float assessment and index methodology application.
• Experience with Bloomberg, Refinitiv, FactSet, corporate action vendors, SQL, Python or data visualization tools.

Details

• Based in Mumbai, India.
• Expected working hours 7:30 am to 4:30 pm local time.