Associate Portfolio Manager - Parametric
About The Position
The Associate Portfolio Manager plays a key role in managing customized equity portfolios designed to maximize tax efficiency while closely tracking client-specific benchmarks and market indexes. Acting as an investment engineer, the role uses quantitative research, portfolio optimization tools, and sophisticated trading strategies to construct, monitor, and rebalance portfolios in alignment with client objectives. The position focuses on performance measurement, risk management, cost control, and continuous process improvement within a dynamic investment management environment. The role is part of Parametric's hybrid working model: employees work in the office three days a week and may choose to work remotely or in the office on the remaining days. Parametric is part of Morgan Stanley Investment Management.
Requirements
- Bachelor's degree in Finance, Accounting, Economics, Engineering, Mathematics, Computer Science, or a related quantitative field.
- At least 3 years of experience in investment management, portfolio management, quantitative analysis, trading, or a related financial services environment, or an equivalent combination of education, experience, and professional certifications. Internal candidates with at least 2.5 years of experience at the firm will also be considered.
- Strong quantitative, analytical, and problem-solving skills, with exceptional attention to detail.
- Understanding of investment theory, portfolio construction, and financial markets.
- Proficiency in analyzing large datasets and translating findings into actionable insights.
Nice To Haves
- Significant progress toward the CFA designation, an MBA, or another relevant investment management or finance credential.
- Familiarity with equity risk models, portfolio optimization techniques, and quantitative investment strategies.
Responsibilities
- Construct and manage tax-efficient equity index portfolios for separately managed accounts.
- Rebalance and transition portfolios to optimize after-tax outcomes while maintaining benchmark alignment.
- Develop and maintain custom benchmark and portfolio analytics.
- Monitor index events, corporate actions, and market developments that affect portfolio performance.
- Analyze portfolio and benchmark returns, including after-tax performance measurement and attribution.
- Evaluate portfolio risk exposures and support ongoing risk management efforts.
- Respond to client and internal requests for portfolio analysis, reporting, and investment insights.
- Collaborate with Technology, Research, Client Service, Operations, Marketing, and Trading teams to support business objectives and enhance the client experience.
- Contribute to process enhancements, automation initiatives, and technology-driven solutions that improve portfolio management efficiency and scalability.
Benefits
- Medical insurance
- Prescription drug coverage
- Dental insurance
- Vision insurance
- 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
- 20 vacation days annually
- 10 paid holidays
- 401(k)
- Short- and long-term disability
- Potential eligibility for an annual discretionary incentive compensation award
- Potential eligibility to participate in the relevant business unit's incentive compensation plan, which may include a discretionary bonus component
- Other special employee perks
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
