Associate Portfolio Manager - Parametric

Morgan Stanley • Seattle, WA

3d • Hybrid

About The Position

Manages structured equity portfolios maximizing tax efficiency while tracking an index. Portfolio managers act as investment engineers - creating portfolios using optimization software to implement firm's quantitative-based strategy. The Associate Portfolio Manager must continually measure performance, manage risk and control costs. 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 is 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.

Requirements

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

Nice To Haves

• 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.

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
• annual discretionary incentive compensation award
• discretionary bonus component

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level