About the position
Morgan Stanley Wealth Management provides a range of wealth management products and services for affluent individuals, businesses, and institutions. These services include brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust. The Due Diligence Private Equity Analyst position is part of the Global Investment Manager Analysis (GIMA) team within Wealth Management Investment Resources (WMIR). This team is responsible for conducting comprehensive manager research across various investment strategies, including separately managed accounts, mutual funds, UCITs, exchange-traded funds, and private vehicles in equity, fixed income, and alternative investments. The GIMA team engages with a broad array of investment managers to identify high-quality strategies for portfolios. In this role, the analyst will support the due diligence team in performing initial and ongoing investment due diligence on managers and private investments, with a specific focus on Co-Investment structures. The analyst will research a wide range of potential Co-Investment opportunities, utilizing detailed financial statement and operational reviews, including modeling and valuation analysis. The position requires analyzing managers in relation to their investment process, portfolio construction, and risk management capabilities, as well as assessing their historical return profiles based on performance history and attribution. The analyst will prepare written research reports and commentaries on fund managers and market trends impacting alternative investment strategies, and present findings to internal product approval committees as necessary. Ongoing activities include adhering to policies and procedures for ongoing due diligence, interacting with internal teams such as Operational Due Diligence, Product Management, Sales, Legal, and Compliance, and supporting a team atmosphere that encourages idea sharing and learning. The analyst is expected to remain abreast of industry trends, regulatory matters, and market events impacting funds, managers, clients, and the industry.
Responsibilities
- Support due diligence team performing initial and ongoing investment due diligence on managers and private investments with a specific focus on Co-Investments structures.
- Research a broad range of potential Co-Investment opportunities utilizing detailed financial statement and operational reviews including modeling and valuation analysis.
- Analyze managers in relation to their investment process, portfolio construction and risk management capabilities.
- Assess manager's historical return profile based on their performance history and attribution.
- Prepare written research reports and commentaries on fund managers and market trends impacting alternative investment strategies.
- Present findings and results to internal product approval committees, as necessary.
- Adhere to policies and procedures for ongoing due diligence including onsite reviews, written research notes and updating reports.
- Interact with internal teams as appropriate, including Operational Due Diligence, Product Management, Sales, Legal, and Compliance, as needed.
- Support a team atmosphere including idea sharing, learning, and back-up.
- Remain abreast of industry trends, regulatory matters, and market events impacting funds, managers, clients, and the industry.
Requirements
- 10-15+ years of job experience in the financial markets with experience in alternative investment research.
- Deep knowledge of Co-Investment structures and various illiquid alternative investment strategies.
- Strong knowledge of alternatives and the desire to expand skill set across alternative investment strategies and products.
- Strong oral and written communication skills.
- Strong analytical and quantitative skills.
- Undergraduate degree required.
- FINRA Series 7 and 63 required or willingness to obtain within 120 days of hire.
Nice-to-haves
- MBA, CFA, CPA, and/or CAIA not required but viewed favorably.
Benefits
- Base pay rates for the role will be between $150,000 and $235,000 per year at the commencement of employment.
- Total compensation package may include commission earnings, incentive compensation, discretionary bonuses, and other short and long-term incentive packages.
- Morgan Stanley sponsored benefit programs.
