Investment Operations Specialist- Early Careers Cohort (Starts July 2023) - Parametric
Who we are: Parametric is part of Morgan Stanley Investment Management, the asset management division. 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 offer systematic alpha and alternative strategies to complement clients’ core holdings. As a fiduciary, Parametric encourages companies to provide greater transparency around environmental, social, and governance (ESG) issues and rectify clear lapses in oversight. Clients trust us to represent their interests through our investment stewardship activities.
Our culture is based on the principles of Accountability, Advancement, Representation and Inclusive Culture. We offer several employee networking groups such as: Women in Leadership, Pride +, Mosaic Multicultural. Work environment is hybrid with most jobs working in office 2-3 days a week and others at home. Office Locations: Seattle, Boston or Alpharetta.
These are full time, regular roles. A cohort of new hires will join the program on the same day. It consist of a comprehensive three-week company overview program. During the three weeks, the program builds a relevant foundation of knowledge and skills in the financial services industry—and sets you up for success in entry-level positions at Parametric. Participants learn about products, services and how various business units work together. It’s not a rotational program but one where a person is hired onto a specific team in either Investment operations.
Salary & Benefits: The position pays $60k base and is eligible for overtime. 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.
Other: Candidates must be legally authorized to work in the US on a full-time basis upon hire, without the need for sponsorship. Parametric does NOT offer sponsorship / employment visa now or in the future for this role. Candidates must be able to work FT starting July 2023.
If you are seeking an innovative culture, please apply and share in the application any specific department of interest. Parametric values inclusion and diversity. Women, diverse applicants, and all protected classes are encouraged to apply!
Provide business and operational support for Parametric investment and trading personnel. Primary responsibility will be to maintain high service levels while improving and strengthening operational infrastructure.
Provide functional support to portfolio managers, traders, and portfolio administrators for Eaton Vance’s portfolios and order management systems
Provide reconciliation support for investment teams
Establishing new client accounts in trade management system
Work with brokers and custodian banks to resolve trade settlement problems
Identify and resolve problems related to transactions or investment data in a timely fashion following established guidelines
Facilitate the accurate and timely delivery of critical business information among all necessary parties
Initiate the execution of transactions directed to specific brokers as specified in client contracts
Act as business owner of data, demographic and activity reports, operations requirements and daily account processing
Collaborate with fellow colleagues to ensure all daily SMA fixed income and equity functions are completed concisely each business day
Execute trades for sponsors on various trading systems within the SMA program
Work with external partners on the delivery and implementation of SMA equity changes
Other duties as assigned.
Bachelor’s degree or comparable work experience
One to two years of operations and/or related experience
Knowledge of Bloomberg a plus
Knowledge of Omgeo Oasys and Omgeo CTM a plus
Knowledge of Charles River investment system a plus
Knowledge of Fiserv APL a plus
Strong analytical, organizational, and communication skills
Strong problem solving skills and ability to work with others implementing solutions