2017 Investment Management Off Cycle Intern - Long Only Investing Product Development (London)
Job Specification
This role forms part of a team whose remit is to develop, and through active post-launch management, maintain mutual funds for MSIM’s business outside the US. This encompasses assisting internal teams (Sales and Portfolio Management) in defining which products are needed to support investment strategies, and launch those products in a commercially successful, high-quality manner. After launch, the team must ensure that the funds remains optimally positioned and commercially viable as client requirements and the regulatory and competitive environments change.
International Product Scope
The International Product team currently look after the following fund ranges :
- Morgan Stanley Investment Funds – 46 sub-funds ($48.4bn)
- Morgan Stanley Liquidity Funds – 4 sub-funds ($16.0bn)
- Morgan Stanley Alpha Plus Funds plc – 4 sub-funds ($0.7bn)
- Morgan Stanley Funds (UK) – 2 sub-funds ($0.8bn)
- Morgan Stanley Galaxy Fund – 3 sub-funds ($0.4bn)
- Morgan Stanley Money Market Family – 1 sub-fund ($0.4bn)
Duties and Responsibilities
Supporting members of the team on new product launches :-
- Researching competitor fund information and producing appropriate analysis;
- Assisting with the preparation of NPC approval documentation, including the collation of sales estimates and the production of P&L analysis;
- Attending product launch calls to represent Product;
- Coordinating NPA web tool sign off;
- Post launch review process. Has the fund operated in-line with expectations? Performance, sales etc
Assisting with the review of designated fund vehicles, including :-
- Share class reviews (asset raising, profitability, purpose etc);
- Ensuring grand fathered clients comply with the business rationale provided at the time of their grandfathering (asset raising, number of accounts, deal size, frequency of trading etc);
- AUMs, flows and product profitability, with the objective of ensuring that funds remain viable;
- Management of fund/share class TERs, ensuring these remain competitive and in line with the product strategy.
Board reporting and support, including :-
- Assist with the preparation of investment performance summary schedules for each fund range;
- Assisting Capita to ensure all board papers are received on a timely basis.
Managing seed capital :-
- Managing seed capital applications and repatriations via SharePoint and obtaining appropriate signatures on subscription/redemption forms.
Product Closures and Restructuring :-
- Highlight AUM trends in the market and within MSIM’s product range;
- Assist with any product closures or restructuring once the direction and strategy for a particular fund or sub-fund has been agreed.
Client reporting and internal reporting :-
- Maintenance of fund reference database;
- Preparing and distributing monthly performance reports:
- Preparing and distributing monthly AUM and fund flows reports.
Sales and Marketing Support and Product Literature :-
- Deal with ad hoc requests from Sales and Marketing teams regarding MSIM funds;
- Assist with the management and support of F2C in their role as disseminators of NAVs to printed and electronic media;
- Assist with the KIID database, updating KIIDs as and when required and ensuring their appropriate dissemination;
- Assist with preparation of quarterly market analysis, including the preparation of high level summary report and highlights.
Knowledge, Skills, Experience Required
- The candidate must be analytical and suited to working well within a small team environment.
- Degree level education or equivalent is required.
- Good presentational skills (both written and verbal).
The duration of the internship is from 6-12 months with a start date as soon as possible.
This Program is closed to applications.