UMA Portfolio Manager

Morgan Stanley • New York, NY

20d • $70,000 - $115,000

About The Position

The UMA Portfolio Manager implements Investment Manager and Financial Advisor trade instructions for Morgan Stanley’s UMA program. The role works directly with Investment Managers and Financial Advisor teams throughout model delivery and trading, including understanding client allocation strategies, answering questions from Financial Advisors and support staff, and allocating and executing trades for UMA client accounts.

The Portfolio Solutions team provides investment products, portfolio management services, and tax management solutions for Consulting Group advisory programs, including Select UMA, an industry-leading Unified Managed Accounts program with over $800 billion in assets under management. The team provides a unified approach to asset allocation, manager selection, account management, trading, and relationship management for Morgan Stanley Financial Advisors and their clients.

The role also provides portfolio and account analysis, construction, implementation, and daily management; coordinates trade implementation with the trading team; and delivers customized account services based on client requests and program specifications. It supports Financial Advisors, Consulting Group Sales Directors, and the Consulting Group Sales Support Desk with program and investment product information.

Requirements

• Series 7 and 66 designations, or willingness to obtain them within 90 days of hire.
• Bachelor’s degree in Accounting, Finance, or Business Management, or an equivalent degree with business-related coursework.
• Knowledge of financial securities markets, advisory programs and products, and legal and regulatory requirements.
• Ability to work as an individual contributor and as a strong team player.
• Ability to adapt to a continually changing work environment while managing multiple priorities.
• Excellent verbal and written communication skills.

Responsibilities

• Implement Investment Manager models based on client guidelines and program specifications, including asset allocation specifications.
• Act as a liaison among Investment Managers, financial and Graystone advisors, and clients.
• Provide portfolio and individual account analysis, portfolio construction, implementation, and daily management.
• Manage and coordinate trade implementation and interact with the trading team.
• Participate in developing solutions and enhancements that improve business efficiency and support growth.
• Manage accounts daily based on client requests and program specifications, including rebalancing thresholds.
• Provide customized services, including cash management, restriction management, custom asset allocation models, portfolio rebalancing, coordination of multiple accounts, and gradual portfolio transitions.
• Provide Financial Advisors with information about Investment Managers, vehicle types, and individual products.
• Assist Financial Advisors, Consulting Group Sales Directors, and the Consulting Group Sales Support Desk by communicating program details effectively and efficiently.
• Execute trades involving equity SMA portfolios, ETFs, and domestic mutual funds.
• Serve as a point of contact for Financial Advisor and client service.
• Participate in Financial Advisor and client conference calls.
• Conduct portfolio reviews.

Benefits

• Morgan Stanley-sponsored benefit programs are mentioned; specific benefits are not listed.
• The company describes its employee benefits and perks as attractive and comprehensive.

What This Job Offers

• Job Type: Full-time