Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve, and grow. A philosophy that balances personal lifestyles, perspectives, and needs is an important part of our culture. Morgan Stanley Outsourced Chief Investment Office (OCIO) and Morgan Stanley Family Office (MSFO) partner with Morgan Stanley Financial Advisors across all channels to offer portfolio management services to clients of Morgan Stanley Wealth Management.
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Position Summary
OCIO & MSFO Alternative Investment Solutions, a unit within the Global Investment Office, is uniquely situated between two fast-growing, strategically important client channels within the division (OCIO and MSFO). Morgan Stanley OCIO and MSFO are industry-leading programs that partner with Financial Advisors to offer both discretionary and non-discretionary portfolio management services to institutional and private clients (e.g., Defined Benefit plans, Endowments, Foundations, Ultra-High Net-Worth, Family Offices, etc.). OCIO & MSFO Alternative Investment Solutions provides customized portfolio solutions, across alternative and liquid investments and is responsible for making recommendations on portfolio construction, asset allocation, and manager selection across a broad spectrum of asset classes. This investment role will focus on alternative investments including private equity, private credit, real assets, and hedge funds.
Core Functions:
- Serve as a subject matter expert for liquid and private market alternative investments (private equity, private credit, real assets, and hedge funds) and assist in building alternative allocations within client portfolios; illustrating domain expertise in portfolio construction and asset allocation
- Engage in prospective and existing client interactions; partner with client segment teams and financial advisors to win new client mandates
- Participate in OCIO and MSFO's regularly occurring meetings to discuss asset allocation/portfolio management, manager selection, and forward pipeline opportunities; responsibilities will include preparing updated market views and investment analyses, participating in portfolio reviews, and presenting potential portfolio ideas/changes
- Track and regularly report liquid alternatives and private markets fund performance and exposures for OCIO/MSFO client allocations and other high priority Morgan Stanley alternative investment focused products
- Aid in the sourcing of alternative investment ideas and manager due diligence for institutional caliber alternatives offerings (screening, taking part in manager calls/meetings, etc.)
- Actively participate in meetings with external investment managers
- Help drive business initiatives and liaise with key stakeholders across partner groups and control functions
- Work on strategic projects to further develop alternatives capabilities within the division as well as to enhance OCIO and MSFO capabilities and value-proposition
- Automate data workflows, build financial models and custom analytical tools
Experience and Skills
- 5+ years of investment-related experience in alternative investments, preferably at a Fund of Funds, family office, or in an investment-related function at an alternative asset management firm
- Firm understanding of global capital markets, asset management industry, and the alternative investment landscape
- Experience and knowledge of the processes and workflow of managing and analyzing a co-mingled alternatives Fund of Funds portfolio is a plus
- Understanding of portfolio management concepts including asset allocation, modern portfolio theory, portfolio construction, manager selection, risk management, and performance analysis
- Advanced skills in Excel (read, write, interpret, and audit VBA); experience with macros, Factset, Bloomberg, API
- Proactive & hard working with strong professional accountability
- Exemplary verbal and written communication skills
- Strong analytical and/or quantitative skills
- Desire and willingness to learn and collaborate within a close-knit team
- Strong organizational and project management skills
- Must be very detail-oriented with an ability to multi-task
- Undergraduate degree is required
- Graduate degree, CFA, and other professional designations are preferred
- FINRA Series 7, SIE and 66 (or 63 and 65) licenses required, or willingness to obtain within 180 days of hire (additional licensing may be required)
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between 140,000 and 200,000 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'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).