Associate Portfolio Manager - Parametric

Morgan Stanley•Boston, MA

5d•Hybrid

About The Position

Morgan Stanley is a leading global financial services firm. Parametric, part of Morgan Stanley Investment Management, partners with advisors, institutions, and consultants to build portfolios focused on client needs. This role is part of Parametric's hybrid working model, requiring 3 days a week in the office. The Associate Portfolio Manager will manage structured equity portfolios, maximizing tax efficiency while tracking an index. This involves acting as an investment engineer, using optimization software to implement quantitative strategies, and continually measuring performance, managing risk, and controlling costs.

Requirements

Bachelor's Degree with a 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.
Strong mathematical and analytical skills
Familiarity with academic financial theory and applications
Analytical writing ability

Nice To Haves

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
Working knowledge of equity risk models and portfolio optimization preferred

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