Data 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!

General Description

The Data Operations Specialist specializes in validating, processing, and understanding the end-to-end corporate action and market data life cycle for a diverse security master. It also encompasses sourcing, defining, and validating instrument reference or pricing data, maintaining the firm’s security master for all investments, and applying the various business rules that govern it to ensure our business runs smoothly. This role interacts with multiple areas of the firm (trading, operations, accounting, etc.) and works closely with business users. Further, as the firm moves towards an enterprise wide market data approach, the role will interact across office locations.

Primary Responsibilities

• Execute daily processing/validation procedures while ensuring the integrity and consistency of corporate action data (i.e. dividends, splits, mergers, and other events).
• Review position, transaction, and cost basis discrepancies related to corporate action and/or pricing events.
• Field inquiries from internal or external parties relating to corporate actions or market data in a timely manner.
• Oversee daily price capture, validation, price movement (across all tradeable investment types), and the ongoing development of the pricing control process.
• Source, define, investigate, and validate security and company reference data within the system.
• Understand relevant pricing methodologies, market mechanics, and general security characteristics of internal and external tools (e.g., proprietary system, third-party pricing models).
• Research and establish best practices for security master data modeling and collaborate with development teams to improve efficiencies and controls.
• Additional responsibilities as assigned.

Job Requirements

• Associates degree or Undergraduate degree in Economics, Finance, Technology or related field strongly preferred
• 0-2 years of experience working with investments, market data, or corporate actions
• Proficient in MS Excel
• Preferred experience in: Bloomberg Terminal Functions and Application Programming Interface (API), basic SQL knowledge a plus
• Demonstrate strength in critical thinking to help recommend solutions; requires an analytical and thoughtful approach to work and making decisions
• Strong team player and ultimately focused on delivering results with high standards
• Ability to handle multiple competing priorities and projects in a fast-paced environment

Posting Date

Jan 21, 2023

Primary Location

Americas-United States of America-Washington-Seattle

Other Locations

Americas-United States of America-Georgia-Alpharetta, Americas-United States of America-Massachusetts-Boston

Job

Investment Management

Employment Type

Full Time

Job Level

Analyst