Job Location: New York, NY
Associate, Quantitative Analyst – Parametric
Job Number:
3226282
POSTING DATE: Oct 18, 2022
PRIMARY LOCATION: Americas-United States of America-New York-New York
OTHER LOCATIONS: Americas-United States of America-Massachusetts-Boston
JOB: Asset/Investment Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
DESCRIPTION
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 whatโs 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 clientsโ core holdings.
The role will focus primarily on driving implementation of SMA portfolios at scale, leveraging tools and technologies built in-house for portfolio management and trading. The SMA strategies include all strategies managed by the broader Fixed Income team. Additionally, the role will focus on quantitative research and data science projects to develop and grow the SMA fixed income strategies. Finally, the role will require the individual to operate in a project management capacity on development initiatives in partnership with investment technology.
PRIMARY RESPONSIBILITIES
- Collaborate with portfolio managers and traders on day-to-day investment responsibilities including monitoring portfolio positioning, execution, cash management and compliance
- Push forward the implementation process related to trade output review and prioritization
- Develop and maintain new and existing portfolio construction algorithms
- Create new products by modeling new strategies
- Work with investment technology to help with workflow automation, data processing and general quantitative projects for all portfolio management teams
- Drive investment technology projects as the business stakeholder, interfacing with developers daily to execute strategic initiatives
- Prototype trading and portfolio construction logic for the purpose of translation to production applications
- Conceptualize and aid in innovative research studies, such as applying natural language processing to generate investment ideas
- Engage in the teamโs quantitative investment process by collecting, cleaning, processing and analyzing large datasets
- Drive long-term research projects with supervision and support from the teamโs portfolio managers and quantitative analysts.
SMA Implementation
Portfolio Construction and Product Development
Project Management and Product Ownership
Quantitative Research and Data Science
QUALIFICATIONS
JOB REQUIREMENTS
Required:
1-3 years of work experience
Bachelorโs degree or equivalent experience
Demonstrated interest in investments and quantitative investment research
Strong analytics background
Ability to think creatively and propose new ways to employ quantitative tools
Ability to concisely communicate quantitative concepts
Must be able to work independently and as a member of a team
Preferred:
Knowledge of object-oriented programing, python a plus
SQL Server, MySql or other database experience
NLP, Machine Learning or AI knowledge, cloud technology a plus
Data visualization tools like Tableau, Power BI
Morgan Stanley and its affiliated companies are committed to the principles of equal employment opportunity and do not discriminate against any employee or applicant for employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital status, sexual orientation, or because of any other criteria prohibited under applicable federal, state or local law. Accordingly, applicants will be referred to Morgan Stanley solely on the basis of individual merit and achievement. Morgan Stanley takes affirmative action to ensure that applicants are employed and that employees are treated during employment without regard to their age, citizenship, marital status, sexual orientation, race, color, religion, gender, national origin, veteran status, disability or any other prohibited criterion.
Expected base pay rates for the role will be between $80,000 and $150,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
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