Senior Portfolio Manager - Parametric

Morgan Stanley • Boston, MA

5d • $115,000 - $225,000 • Hybrid

About The Position

A Senior Portfolio Manager has not only gained portfolio management expertise, but also taken primary responsibility for either a Parametric product or process that materially affects the entire organization (e.g. after-tax performance). Typically 4+ years of experience in quantitative equity management. - A thorough understanding of equity multiple factor modeling, including: a) the relationship between asset covariance, CAPM, and multiple factor modeling in estimating portfolio risk, b) the estimation statistics that underlie multiple factor equity risk models, specifically the Barra US Equity Model and Global Equity Model. - A thorough understanding of portfolio optimization using the Markowitz portfolio selection method, including: a) trade-offs between benchmark relative risk, taxes, and transactions costs, subject to constraints, b) linear programming concepts used to solve the optimization problem - A high degree of familiarity with equity indexes, their market coverage, and their construction methodology. - A high degree of familiarity with equity market microstructure. - Command of Parametric's portfolio management processes, including data management, order management, channel management and reporting. - Command of Parametric and third party portfolio management systems and tools. 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

• Strong mathematical and analytical skills
• Programming skills a plus, including Python, R, VBA and Matlab
• Familiarity with academic financial theory and applications
• Working knowledge of equity risk models and portfolio optimizer
• Triage daily activities
• Analytical writing ability
• Bachelor's (4yr) degree w/ concentration in finance, accounting, engineering or related quantitative focus
• 6+ years professional experience in investment management or similar.

Nice To Haves

• CFA and/or MBA strongly preferred

Responsibilities

• Construct optimized equity index portfolios for separate accounts and/or fund structures
• 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
• Generate client reports, respond to client requests for analysis
• Interact across teams including Technology, Trading, Research, Marketing, Customer Service, Operations
• Participate in process improvement and technology development efforts.

What This Job Offers

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