UMA Portfolio Manager
At a glance
Manager-level Investment & Corporate Development role at Ms. New York · full-time · $115,000–$190,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Translate investment manager models and advisor instructions into trades that follow each client’s guidelines and program rules
- Review portfolios and individual accounts, then handle construction, implementation, rebalancing and ongoing account needs
- Coordinate trade activity with the trading desk and serve as a point of contact for advisors, investment managers and clients
- Help advisors understand manager approaches, investment products and program details, and join calls and portfolio reviews
- Develop service improvements and manage custom requests such as cash, restrictions, asset allocation and gradual transitions
What you bring
- Three to five years of investment work, with knowledge of securities markets, advisory products and relevant regulations
- A bachelor’s degree in accounting, finance or business management, or equivalent business-related coursework
- Series 7 and 66 credentials, or willingness to earn them within ninety days of starting
Who this fits
This role suits someone who can manage competing priorities, communicate clearly and contribute independently while working closely with a team. You must be able to work during international trading hours.
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 $300 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 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 Investment Manager’s strategy, answering model delivery questions, assisting in accessing trade execution and account analytics information) Work closely with the Trade Solutions trading desk team
Key Responsibilities:
- Implement Investment Manager models based on clients' 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
- ETF’s
- Domestic Mutual Funds
- Interval Funds
FA/Client Service
- One Point of Contact
- FA and Client Conference Calls
- Portfolio Reviews
Qualifications
- Bachelor’s in Accounting, Finance, or Business Management required or Equivalent to degree with business related coursework.
- 3 to 5 years of investment experience
- 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
- Series 7 and 66 designations required or willingness to obtain within 90 days of hire
- Ability to work international business trading hours
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 $115,000 and $190,000 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.