Associate Investment Engineer - Parametric
About The Position
Morgan Stanley is a leading global financial services firm. Parametric, part of Morgan Stanley Investment Management, is a leader in custom solutions for over 30 years, helping investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios. This role is part of Parametric's hybrid working model, requiring 3 days in the office per week. The Investment Strategy team focuses on creating and delivering powerful stories, turning investment research into real-world portfolios, and working on custom analysis, portfolio design, and product development. The Associate Investment Engineer will support the Investment Strategy department's investment management, thought leadership, and client service work. This includes maintaining and enhancing proprietary investment strategies, monitoring risk and performance, contributing to new product development, and conducting research for external content and client education. The role involves collaboration across departments and with clients.
Requirements
- Bachelors degree, preferably in a quantitative or financial discipline required
- 4+ years investment industry experience
- Demonstrated ability to effectively communicate complex quantitative and investment concepts
- Working knowledge of probability and statistics, matrix algebra and mean variance optimization
- Experience with equities and equity factor models
- Experience with Factset, Bloomberg, or Refinitiv / Eikon
- Advanced knowledge of Excel, preferably including VBA
- Must possess a high level of initiative, attention to detail and a strong sense of urgency
- Must possess excellent communication and strong analytical writing ability
- Must possess strong organizational and prioritization skills in order to meet deadlines
Nice To Haves
- Masters degree or CFA preferred, and may be considered in lieu of equivalent experience
- Experience with performance attribution and risk decomposition preferred
- Programming experience in Python or R preferred, preferably both
- Experience with Github or similar source code management tools preferred
- Snowflake experience and experience writing SQL queries preferred
Responsibilities
- Work with senior team members to answer complex investment questions
- Contribute to development of proprietary investment strategies and client-directed mandates, and maintain related documentation
- Prepare ad hoc analysis such as performance attributions, risk decompositions and back-tests with limited oversight
- Contribute to maintenance and enhancement of proprietary investment strategies and client-directed mandates, and work across the firm to keep all stakeholders aligned
- Contribute research for internal briefs, white papers, and journal articles to help firm demonstrate thought leadership in investment areas of focus
- Support direct sales and client service activities by providing research and analysis
- Generate data and analytics used in Investment Committee meetings and Marketing content
- Utilize and contribute to internal Python and R libraries that support our business activities
- Uphold department reputation through professionalism, accuracy, and responsiveness
- Participate in process improvement and technology development efforts
- Develop and maintain a specialized knowledge of all relevant Parametric products
- Assume other responsibilities as required
Benefits
- 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)
- Short/Long Term Disability
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
