UMA Portfolio Manager
At a glance
Manager-level Investment & Corporate Development role at Ms. New York · full-time · $70,000–$115,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Apply investment manager models and financial adviser instructions to UMA accounts within each client's guidelines
- Coordinate portfolio trades with investment managers and the trading team, from model delivery through execution
- Review portfolios and accounts, handle rebalancing and restrictions, and manage cash or transitions as clients request
- Answer advisers' questions about managers, investment vehicles, products and program details
- Help develop process improvements, and provide portfolio reviews and service on adviser and client calls
What you bring
- You hold Series 7 and 66 licenses, or can earn them within ninety days of starting
- You have a bachelor's degree in accounting, finance or business management, or an equivalent degree with business coursework
- You understand securities markets, advisory programs and products, along with applicable legal and regulatory requirements
- You can communicate clearly in writing and conversation while balancing shifting priorities
Who this fits
This manager-level role suits someone who can deliver independently while collaborating with a team. The position is based in New York.
From the employer
Portfolio Solutions Team
The Portfolio Solutions team provides investment products, portfolio management services, and Tax Management solutions for Consulting Group advisory programs, including Select UMA - the industry-leading Unified Managed Accounts program with over $800 Billion in assets under management. The team offers a comprehensive, unified approach to asset allocation, manager selection, account management, trading, and overall relationship management to Morgan Stanley’s Financial Advisors and their clients.
Portfolio Management Position Summary
The primary role of the UMA Portfolio Manager is to implement Investment Managers and Financial Advisors trade instructions for the UMA program. PMs work directly with the Investment Managers and Financial Advisors teams throughout the model delivery and trading process. (e.g., understanding Financial Advisor’s client allocation strategies, answering questions for Financial Advisors and their support staff, allocating and execution trades for UMA client accounts).
Key Responsibilities:
- Implement Investment Manager models based on client’s guidelines and program specifications (e.g., asset allocation specifications)
- Interact as a liaison between Investment Managers, financial and Graystone advisors and clients
- Provide portfolio and individual account analysis, portfolio construction, implementation and daily management
- Manage and coordinate trade implementation and interact with trading team
- Participating in developing solutions and enhancements that drive business efficiencies and propel growth
- Daily account management based on client requests and program specifications (e.g., rebalancing thresholds)
- Provide customized services that include cash management, restriction management, custom asset allocation models, portfolio rebalancing, multiple-accounts coordination and gradual portfolio transitions.
- Service Financial Advisors by providing information about Investment Managers, vehicle types and individual products
- Provide assistance to Financial Advisors, Consulting Group Sales Directors and Consulting Group Sales Support Desk by communicating program details effectively and efficiently
Trade Execution
- Equity SMA portfolios
- ETFs
- Domestic Mutual Funds
FA/Client Service
- One Point of Contact
- FA and Client Conference Calls
- Portfolio Reviews
Requirements
- Series 7 and 66 designations required or the willingness to obtain within 90 days of hire
- Bachelor’s in Accounting, Finance, or Business Management required or Equivalent degree with business related coursework.
- Knowledge of financial securities markets, advisory programs and products, as well as legal and regulatory requirements
- Ability to deliver as an individual contributor while being a strong team player
- Ability to adapt to a continually changing work environment while managing multiple priorities
- Excellent communication skills in both verbal and written forms
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.
Expected base pay rates for the role will be between $70,000 and $115,000 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.