Associate Investment Engineer - 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

ABOUT PARAMTERIC
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's 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 TEAM
Parametric provides systematic solutions fueled by science and prides itself on building genuine, long-term partnerships with clients. The Investment Strategy team's mandate is to create and deliver powerful stories for external and internal clients and turn investment research into real-world portfolios for investors. We meet with clients and prospects, present at events, and write papers. We also work on complex custom analysis and custom portfolio design, product evolution, and new product development. This is an opportunity to work with a dynamic and growing team while making a personal impact on a firm with a unique culture that values hard work but also encourages genuine teambuilding.

ABOUT THE ROLE
We are looking for a quantitative investment professional with excellent coding skills who loves turning research into systematic, rules-based equity portfolios. Successful applicants will be intellectually curious, self-driven, and enjoy solving open-ended problems and operating in a lively, client-facing environment.

The mission of the Associate Investment Engineer is to support the Investment Strategy department's investment management, thought leadership and client service work while developing their subject matter expertise. This work includes helping to maintain and enhance Parametric's proprietary investment strategies, monitoring risk and performance, contributing to new product development, and conducting research and analysis that can be turned into external content and used to educate and inform clients. The role works closely with individuals across the department as well as with other departments within the firm.

PRIMARY RESPONSIBILITES

• Work with senior team members to answer complex investment questions
• Contribute to development of proprietary investment strategies and client-directed mandates, and maintain related documentation
• Prepare ad hoc analysis such as performance attributions, risk decompositions and back-tests with limited oversight
• Contribute to maintenance and enhancement of proprietary investment strategies and client-directed mandates, and work across the firm to keep all stakeholders aligned
• Contribute research for internal briefs, white papers, and journal articles to help firm demonstrate thought leadership in investment areas of focus
• Support direct sales and client service activities by providing research and analysis
• Generate data and analytics used in Investment Committee meetings and Marketing content
• Utilize and contribute to internal Python and R libraries that support our business activities
• Uphold department reputation through professionalism, accuracy, and responsiveness
• Participate in process improvement and technology development efforts
• Develop and maintain a specialized knowledge of all relevant Parametric products
• Assume other responsibilities as required

JOB REQUIREMENTS

• Bachelors degree, preferably in a quantitative or financial discipline required
• 4+ years investment industry experience
• Demonstrated ability to effectively communicate complex quantitative and investment concepts
• Working knowledge of probability and statistics, matrix algebra and mean variance optimization
• Experience with equities and equity factor models
• Experience with Factset, Bloomberg, or Refinitiv / Eikon
• Advanced knowledge of Excel, preferably including VBA

Preferred:

• Masters degree or CFA preferred, and may be considered in lieu of equivalent experience
• Experience with performance attribution and risk decomposition preferred
• Programming experience in Python or R preferred, preferably both
• Experience with Github or similar source code management tools preferred
• Snowflake experience and experience writing SQL queries preferred
• Must possess a high level of initiative, attention to detail and a strong sense of urgency
• Must possess excellent communication and strong analytical writing ability
• Must possess strong organizational and prioritization skills in order to meet deadlines

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:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste into your browser.

Salary range for the position: $70,000 - 140,000/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, 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 and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

 

Expected base pay rates for the role will be between $70,000 and $140,000 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.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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