Portfolio Manager – OCIO UHNW - Vice President

Financeroles; New York (NY); On-site; USD 115,000 - 205,000; Full time

Job summary

Morgan Stanley in New York is seeking an experienced professional to build and manage client portfolios for OCIO UHNW and Single Family Office clients. You will lead asset allocation, manager selection, portfolio construction, risk management and ongoing monitoring.

You will educate clients on gifting strategies in UHNW planning, understand downstream implications on asset allocation and cash flow, and collaborate with internal advisors to win new assets.

Qualifications

• 6-8 years of investment-related experience in wealth management or investment consulting.
• Strong tax, trust, and estate planning knowledge.
• Experience modeling UHNW planning and tax optimization.
• Familiarity with wealth management platforms and investment vehicles.
• Knowledge of global capital markets and asset classes.
• Solid portfolio management concepts and risk management understanding.
• Proficiency with Microsoft Office (Excel, PowerPoint).
• Strong organizational and communication skills.
• Detail-oriented with multitasking ability.
• High professional accountability.

Responsibilities

• Build and manage portfolios for OCIO UHNW and SFO clients across asset allocation, manager selection, and risk monitoring.
• Educate clients on gifting techniques in UHNW planning and impact on cash flow.
• Collaborate with internal advisors and OCIO business development to win new assets.
• Ensure administrative and operational activities run smoothly with custodians and reporting.
• Prepare and deliver quarterly client reporting and investment policy statements.

Job description

Description

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Outsourced Chief Investment Office (“OCIO”) group partners with Morgan Stanley Financial Advisors across all channels to offer full discretion portfolio management services to institutional and private clients (e.g., Defined Benefit plans, Endowments, Foundations, Ultra-High Net-Worth, Family Offices, etc.) of Morgan Stanley Wealth Management.

Responsibilities:

• Build and manage client portfolios for OCIO’s UHNW and Single Family Office clients
• Including all asset allocation, manager selection, portfolio construction, risk management, and portfolio monitoring tasks
• Educate clients on basic and leveraged gifting techniques employed in UHNW planning
• Understand downstream implications of UHNW planning and how it affects holistic asset allocation and cash flow needs for clients
• Experience with concentrated equity positions preferred
• Engage with clients to perform client discovery, draft investment policy statements, provide quarterly reporting, and other tasks relevant to the OCIO space
• Ensure the smooth functioning of administrative and operational activities, including those involving outside custodians and trading, reporting, and client cash flows
• Partner with internal advisors / consultants and OCIO’s business development team to win new clients and raise new assets
• In collaboration with other subject matter experts; create commercial intellectual capital for use with clients and prospects to engage on topics related to the areas of expertise

Knowledge and skills:

• 6-8 years of investment-related experience serving individuals and families in a wealth management or investment consulting capacity.
• A solid understanding and experience in tax, trust, and estate planning is highly desirable.
• Experience in modeling UHNW planning, including advanced planning and tax management strategies.
• Knowledge and experience in investment/wealth management platforms and vehicles, including managed account platforms, mutual funds, ETFs, separate accounts, and alternative investments.
• Familiarity with global capital markets, with technical expertise across asset classes preferred.
• Firm understanding of portfolio management concepts, including modern portfolio theory, asset allocation, portfolio construction, manager selection, risk management, and performance attribution.
• Proficiency in Microsoft Office, including Excel and PowerPoint.
• Strong organizational and project management skills.
• Detail-oriented, with the ability to multitask and handle multiple priorities.
• Exemplary verbal and written communication skills.
• Proactive and hardworking, with strong professional accountability.

Qualifications:

• Undergraduate degree is required
• Graduate degree, CFA, CAIA and other professional designations are preferred
• FINRA Series 7 and 66 is required after hiring (additional licensing may be required)

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.

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

Expected base pay rates for the role will be between 115,000 and 205,000 per year at the commencement of employment.However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionarybonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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