Operations Analyst - Parametric
Parametric is hiring Operations Analysts across multiple Operations teams. These roles provide broad exposure to investment management operations and offer a strong foundation for career growth within financial services. Opportunities may be available across teams including Client Activities, Onboarding, New Account Activities, Billing, Trade Settlement, Portfolio Reconciliation, Corporate Actions, and Oversight. Opportunities may be available in Seattle, Boston, Minneapolis, and Alpharetta.
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 is 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 includes working in the office three days a week and choosing to work remotely or in the office the remaining days of the week.
ABOUT THE TEAM
The Operations Department at Parametric is comprised of skilled professionals responsible for ensuring the seamless execution of the firm's end-to-end operational processes. The team plays a critical role in supporting business functions by aligning daily production activities with broader organizational objectives.
ABOUT THE ROLE
The Operations Analyst role is an excellent opportunity for individuals interested in building a career in investment management and financial operations. This position offers broad exposure to the operational side of the business and provides a solid foundation for future growth within financial services. As an Operations Analyst, you may work within teams across the Client Relations Group, Market Operations, and related Operations functions. These teams support key client and operational processes, including onboarding, oversight, billing, new account activities, client service, trade settlement, portfolio reconciliation, and corporate actions. This role is well-suited for someone who is detail-oriented, eager to learn, analytical, process-driven, and comfortable working with high volumes of data under deadlines.
Salary: $28.85 per hour ($60,000 annualized), with eligibility for overtime.
PRIMARY RESPONSIBILITIES
- Work with internal and external stakeholders and other key points of contact in a professional and responsive manner.
- Research and resolve issues quickly, accurately, and with appropriate urgency.
- Communicate regularly with internal and external contacts to resolve issues, confirm information, and provide status updates.
- Collect observations and help translate them into actionable insights and recommendations for improvement.
- Complete daily assigned operations transactions, which may include cash or position reconciliation, trade posting, processing market events, new account setup, and account activity recording.
- Perform verification checks on similar work completed by others to help ensure accuracy and completeness.
- Ensure thorough and accurate record keeping and maintenance of client records and files.
- Maintain metrics, data, and related operational reporting as needed.
- Support ad hoc work, projects, and team priorities as needed.
QUALIFICATIONS
- Associate degree or bachelor's degree preferred, with a concentration in Data Management, Finance, Accounting, Economics, or a related area of study; relevant work experience may be considered in lieu of a degree.
- Strong proficiency with Microsoft Office Suite, particularly Excel.
- Ability to manage high volumes of data under tight deadlines.
- Strong organizational and time management skills.
- Detail-oriented and process driven, with a strong focus on accuracy.
- Critical thinking, analytical, and problem-solving skills.
- Effective written and verbal communication skills.
- Self-motivated with the ability to work independently and collaborate within a team environment.
- Strong interest in starting a career in the investment management industry.
Opportunities in multiple locations - Seattle, Boston, & Alpharetta - across various teams, including:
Market Operations Teams
Trade Settlement
- Identify problems that could delay the timely settlement of trades via trade confirmation review, failed trade reports, and clear communications with portfolio management, trading counterparties and custodians.
Portfolio Reconciliation
- Perform problem solving activities via daily cash and position reconciliations between internal systems and various forms of custodians including banks, clearing brokers and counterparties.
Corporate Actions
- Work with corporate action vendors and custodians to monitor the impact of corporate actions on client accounts. This includes dividends, mergers, stock splits and spin-offs; The timely and accurate capture of corporate actions is critical to successful portfolio management.
Oversights
- Conduct reviews, oversight, and audit controls targeting high-risk matters that affect portfolio management, compliance, market operations, and client reporting teams.
Client Relations + Billing Teams
Client Activities
- Provide functional support to portfolio managers, traders, and portfolio administrators for Parametric portfolios and order management systems; ensuring daily activities, including client transactions, account maintenance, portfolio data reconciliation, and portfolio implementations are completed in a timely and efficient manner.
New Account Activities
- Establish prospect accounts in Parametric’s portfolio accounting system (APX) for our portfolio managers to run optimizations on the client securities and cash.
Onboarding
- Responsible for ensuring daily new account onboarding activities, including verifying all account documentation is received and properly submitted for archiving, working with activity management teams on new account funding, setting up account feeds and other client activities are completed in a timely and efficient manner.
Oversight
- Perform verification checks on team's data entries to ensure accurate processing of information prior to daily trading deadlines, ensuring all account documentation is received and properly submitted for archiving
Billing
- Understand billing attributes and client relationships that drive revenue accrual and client invoicing and review of new accounts, changed accounts, and terminated accounts
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: $60,000-$90,000/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 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.