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 https://www.morganstanley.com/about-us/global-offices 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.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
