2023 Parametric Quantitative Research Co-op Program (New York)

Program Overview

The co-op is a member of the Quantitative Strategies Group and will help with the department’s research, portfolio construction and trading capabilities. Timeframe is 6 months Jan. - June 2023. Hourly wage is set at $25 per hour.

 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 also offer systematic alpha and alternative strategies to complement clients’ core holdings.

Primary Responsibilities: 

Use cutting-edge software and AWS cloud services to aid in innovative research studies, such as applying natural language processing to generate investment ideas.
Support the team’s quantitative investment process by collecting, cleaning, processing and analyzing large datasets.
Work with our trading desk to help with workflow automation, data processing and general support for the ESG portfolio management team.
Help guide portfolio decisions by analyzing portfolio risk exposures, assessing drivers of portfolio performance and researching market conditions.
Drive a long-term research project with supervision and support from the team’s portfolio managers and quantitative analysts.
 

Job Requirements:

Progress toward an undergraduate degree in Business, Computer Science, Data Science or a STEM program.
Demonstrated interest in investments and quantitative investment research.
Strong analytic background, with applicable experience using large datasets.
Knowledge of fixed income markets plus.
Python, R, C# or other object oriented programing a plus.
SQL Server, MySql or other database experience a plus.
NLP, Machine Learning or AI knowledge a plus.