Associate Portfolio Manager - Parametric

Morgan Stanley; Seattle (WA); Hybrid; USD 70,000 - 150,000; Full time

Benefits offered by this job

Comprehensive health benefits

401(k) retirement plan

Paid Time Off

Job summary

A global investment management firm in Seattle is looking for an experienced professional to optimize equity index portfolios. The role requires a Bachelor’s degree and at least 3 years in investment management. Candidates should possess strong mathematical and analytical skills. This opportunity offers a hybrid work model and includes comprehensive benefits.

Qualifications

• 3+ years of experience in investment management or equivalent.
• Familiarity with academic financial theory and applications.
• Working knowledge of portfolio optimization preferred.

Responsibilities

• Construct optimized equity index portfolios.
• Rebalance and transition portfolios for tax efficiency.
• Monitor index changes and corporate actions.

Skills

Strong mathematical skills

Analytical writing ability

Equity risk models knowledge

Analytical skills

Education

Bachelor's degree in finance, accounting, or engineering

Progress towards CFA or MBA

Job description

Overview

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.

Primary Responsibilities

• Construct optimized equity index portfolios for separate accounts
• Rebalance and transition portfolios to maximize tax-efficiency
• Construct custom benchmark data
• Monitor index changes and corporate actions
• Generate after-tax return data for both portfolios and benchmarks
• Performance attribution
• Respond to client requests for analysis
• Interact across teams including Technology, Research, Marketing, Client Service, Operations
• Participate in process improvement and technology development efforts.

Job Requirements

• Bachelor's (4yr) degree with concentration in finance, accounting, engineering or related quantitative focus
• 3+ years of professional experience in investment management or similar is required, or equivalent combination of experience, education, and certification. Internal candidates with 2.5+ years’ experience with the firm will be considered.
• Significant progress towards a CFA, MBA and/or another credential relevant to investment management or finance strongly preferred
• Strong mathematical and analytical skills
• Familiarity with academic financial theory and applications
• Working knowledge of equity risk models and portfolio optimization preferred
• Analytical writing ability

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 – 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. 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.

Compensation and Benefits

Salary range for the position: $70,000 - $150,000/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

Equal Opportunity

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).