UMA Portfolio Manager

711 MS Smith Barney, LLC; New York (NY); On-site; USD 115,000 - 190,000; Full time

Job summary

Morgan Stanley’s Portfolio Solutions Team seeks a Portfolio Manager to execute Investment Manager and Financial Advisor trade instructions for the UMA program. You’ll work with investment managers and advisors throughout the model delivery and trading process and collaborate with the Trade Solutions desk.

The role requires 3–5 years of investment experience, Series 7/66, strong communication, and the ability to work across time zones; base pay ranges with incentives are provided.

Qualifications

• Bachelor's degree in Accounting, Finance, or Business Management or equivalent.
• 3–5 years of investment experience.
• Knowledge of financial securities markets, advisory programs and products, and regulatory requirements.
• Ability to contribute as an individual while being a strong team player.
• Ability to adapt to a changing environment while managing multiple priorities.
• Excellent verbal and written communication skills.
• Series 7 and 66 designations required or willingness to obtain within 90 days of hire.
• Ability to work international business trading hours.

Responsibilities

• Implement Investment Manager models based on clients' guidelines and program specifications.
• Act as liaison between Investment Managers, advisors and clients to ensure alignment.
• Provide portfolio and account analysis, construction, and daily management.
• Coordinate trade implementation and interact with trading team.
• Contribute to development of solutions and enhancements to drive efficiencies and growth.
• Perform daily account management per client requests and program specs, incl. rebalancing.

Skills

Investment experience

Securities knowledge

Strong communication

Team player

Adaptability

Series 7/66

International hours

Education

Bachelor's degree

Job description

Portfolio Solutions Team The Portfolio Solutions team provides investment products, portfolio management services, and Tax Management solutions for Consulting Group advisory programs, including Select UMA - the industry-leading Unified Managed Accounts program with over $300 Billion in assets under management. The team offers a comprehensive, unified approach to asset allocation, manager selection, account management, trading, and overall relationship management to Morgan Stanley’s Financial Advisors and their clients.

Portfolio Management Position Summary

The primary role of the Portfolio Manager is to implement Investment Managers and Financial Advisors trade instructions for the UMA program. PMs work directly with the Investment Managers’ and Financial Advisors teams throughout the model delivery and trading process. (e.g., understanding Investment Manager’s strategy, answering model delivery questions, assisting in accessing trade execution and account analytics information) Work closely with the Trade Solutions trading desk team

Key Responsibilities

• Implement Investment Manager models based on clients' guidelines and program specifications (e.g., asset allocation specifications)
• Interact as a liaison between Investment Managers, financial and Graystone advisors and clients
• Provide portfolio and individual account analysis, portfolio construction, implementation and daily management
• Manage and coordinate trade implementation and interact with trading team
• Participating in developing solutions and enhancements that drive business efficiencies and propel growth
• Daily account management based on client requests and program specifications (e.g., rebalancing thresholds)
• Provide customized services that include cash management, restriction management custom asset allocation models, portfolio rebalancing, multiple-accounts coordination and gradual portfolio transitions.
• Service Financial Advisors by providing information about Investment Managers, vehicle types and individual products
• Provide assistance to Financial Advisors, Consulting Group Sales Directors and Consulting Group Sales Support Desk by communicating program details effectively and efficiently
• Trade Execution Equity SMA portfolios ETF’s Domestic Mutual Funds Interval Funds FA/Client Service One Point of Contact FA and Client Conference Calls Portfolio Reviews

Qualifications

• Bachelor's in Accounting, Finance, or Business Management required or Equivalent to degree with business related coursework.
• 3 to 5 years of investment experience
• Knowledge of financial securities markets, advisory programs and products, as well as legal and regulatory requirements
• Ability to deliver as an individual contributor while being a strong team player
• Ability to adapt to a continually changing work environment while managing multiple priorities
• Excellent communication skills in both verbal and written forms
• Series 7 and 66 designations required or willingness to obtain within 90 days of hire
• Ability to work international business trading hours

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 $190,000 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, discretionary bonuses, 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. At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.