Associate Quantitative Analyst - Parametric
Job Details
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'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 requires working in the office 3 days a week and remotely the remaining days of the week.
ABOUT THE QUANT ANALYST PROGRAM
The Quantitative Analyst Rotation program is a three-year early career program that offers a wide range of hands-on experience across several departments with six-month rotations in each Fixed Income Research, Equity Research, Derivatives Research, and Operations Research (one rotation in each FI, Equity, and Derivatives Ops Research). This hands-on experience is combined with training and exposure to Parametric's business.
PRIMARY RESPONSIBILITIES
- Primary responsibilities will be guided by the project or BAU work assigned in each rotation and will generally encompass the following Research, Quan, or Quant Developer responsibilities:
- Develop a specialized knowledge of all relevant Parametric products for use in supporting investment team members in advanced quantitative custom projects.
- Support team quantitative investment process by collecting, cleaning, processing and analyzing large datasets.
- Provide research presentations and/or develop content for peer review and knowledge-sharing based on completed projects or thought-leadership research.
- Provide thoughtful feedback and assistance to other members of the team.
- Lead and/or participate in process improvement and technology development efforts.
- Prepare quantitative analyses for prospects and clients, and to help guide portfolio decisions by analyzing portfolio risk exposures, assessing drivers of portfolio performance, and researching market conditions.
- Develop and maintain line-of business applications, working with key investment staff to understand requirements.
- Provide creative solutions to complex business problems leveraging technology
- Drive other projects with supervision and support from the team, as assigned
JOB QUALIFICATIONS
- Bachelor's degree in relevant quantitative field of study required
- Demonstrated interest in investments and quantitative investment research, and a strong desire to advance learning in programming is required
- Ability to concisely communicate quantitative concepts and write well documented code
- Strong math/quantitative skills and analytical writing ability
- Ability to work in an agile environment with rapid iteration
- Strong team player who works well with developers, researchers, and other colleagues
- Any combination of the following technology experience - gained through internships or education - is a plus:
- Python, R, C# or other object-orientated programming
- SQL Server, MySql, or other database
- NLP, Machine Learning, or AI
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: $78,000 - 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.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).