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.
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.
