Senior Portfolio Manager - Parametric

ABOUT MORGAN STANLEY
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.

ABOUT PARAMETRIC
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.

ABOUT THE ROLE
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.

PRIMARY RESPONSIBILITES

• 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. Job 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
• CFA and/or MBA strongly preferred
• 6+ years professional experience in investment management or similar.

JOB 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
• CFA and/or MBA strongly preferred
• 6+ years professional experience in investment management or similar.

Parametric believes each member of our organization makes a significant contribution to our success. That contribution should not be limited by the assigned responsibilities. Therefore, this job description is designed to outline primary duties and qualifications. It is our expectation that every member of our team will offer his/her/their services wherever and whenever necessary to ensure the success of our client services.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

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