Associate Portfolio Manager - Parametric

PowerToFly; Seattle (WA); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

The Associate Portfolio Manager role at Parametric, part of Morgan Stanley Investment Management, focuses on managing customized equity portfolios to maximize tax efficiency while tracking client-specific benchmarks. You will leverage quantitative research, portfolio optimization, and sophisticated trading strategies to construct, monitor, and rebalance portfolios in line with client objectives.

This hybrid role combines in-office collaboration three days a week with the option to work remotely

Qualifications

• Bachelor's degree in Finance, Economics, Engineering, Mathematics, Computer Science, or a related quantitative field.
• 3+ years of experience in investment management, portfolio management, quantitative analysis, trading, or a related financial services environment; or an equivalent combination of education, experience, and professional certifications.
• Significant progress toward the CFA designation, MBA, or other relevant investment management or finance credential strongly preferred.
• Strong quantitative, analytical, and problem-solving skills with exceptional attention to detail.
• Understanding of investment theory, portfolio construction, and financial markets.
• Familiarity with equity risk models, portfolio optimization techniques, and quantitative investment strategies preferred.
• Proficiency in analyzing large datasets and translating findings into actionable insights.

Responsibilities

• Construct and manage tax-efficient equity index portfolios for separately managed accounts.
• Rebalance and transition portfolios to optimize after-tax outcomes while maintaining benchmark alignment.
• Develop and maintain custom benchmark and portfolio analytics.
• Monitor index events, corporate actions, and market developments impacting portfolio performance.
• Analyze portfolio and benchmark returns, including after-tax performance measurement and attribution.
• Evaluate portfolio risk exposures and support ongoing risk management efforts.
• Respond to client and internal requests for portfolio analysis, reporting, and investment insights.
• Collaborate with cross-functional teams, including Technology, Research, Client Service, Operations, Marketing, and Trading, to support business objectives and enhance the client experience.
• Contribute to process enhancements, automation initiatives, and technology-driven solutions that improve portfolio management efficiency and scalability.

Skills

Quantitative analysis

Portfolio construction

Financial markets

Data analysis

Problem solving

Education

Bachelor's degree in Finance, Economics, Engineering, Mathematics, or Computer Science

Tools

Portfolio optimization tools

Job description

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 more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.

ABOUT PARAMETRIC

Parametric is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley. We partner with advisors, institutions, and consultants to build portfolios focused on what's important to them and their clients. A leader in custom solutions for more than 30 years, we help investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios that respond to their evolving needs. We also offer systematic alpha and alternative strategies to complement clients' core holdings.

This role is part of Parametric's hybrid working model, which includes working in the office 3 days a week and choosing to work remotely or in the office the remaining days of the week.

GENERAL DESCRIPTION

The Associate Portfolio Manager plays a key role in managing customized equity portfolios designed to maximize tax efficiency while closely tracking client-specific benchmarks and market indexes. Acting as an investment engineer, the Associate Portfolio Manager leverages quantitative research, portfolio optimization tools, and sophisticated trading strategies to construct, monitor, and rebalance portfolios in alignment with client objectives. This role requires a strong analytical mindset and a focus on performance measurement, risk management, cost control, and continuous process improvement within a dynamic investment management environment.

PRIMARY RESPONSIBILITIES

• Construct and manage tax-efficient equity index portfolios for separately managed accounts.
• Rebalance and transition portfolios to optimize after-tax outcomes while maintaining benchmark alignment.
• Develop and maintain custom benchmark and portfolio analytics.
• Monitor index events, corporate actions, and market developments impacting portfolio performance.
• Analyze portfolio and benchmark returns, including after-tax performance measurement and attribution.
• Evaluate portfolio risk exposures and support ongoing risk management efforts.
• Respond to client and internal requests for portfolio analysis, reporting, and investment insights.
• Collaborate with cross-functional teams, including Technology, Research, Client Service, Operations, Marketing, and Trading, to support business objectives and enhance the client experience.
• Contribute to process enhancements, automation initiatives, and technology-driven solutions that improve portfolio management efficiency and scalability.

JOB REQUIREMENTS

• Bachelor's degree in Finance, Accounting, Economics, Engineering, Mathematics, Computer Science, or a related quantitative field.
• 3+ years of experience in investment management, portfolio management, quantitative analysis, trading, or a related financial services environment; or an equivalent combination of education, experience, and professional certifications. Internal candidates with 2.5+ years of experience at the firm will also be considered.
• Significant progress toward the CFA designation, MBA, or other relevant investment management or finance credential strongly preferred.
• Strong quantitative, analytical, and problem-solving skills with exceptional attention to detail.
• Understanding of investment theory, portfolio construction, and financial markets.
• Familiarity with equity risk models, portfolio optimization techniques, and quantitative investment strategies preferred.
• Proficiency in analyzing large datasets and translating findings into actionable insights.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.