Executive Director & Portfolio Manager, ETF Capital Markets

Job Description - Executive Director & Portfolio Manager, ETF Capital Markets (3264263)

Job Number:

3264263

Posting Date:

Jan 15, 2025

Primary Location:

Europe, Middle East, Africa-United Kingdom-United Kingdom-London

Education Level: Bachelor's Degree

Job:

Employment Type: Full Time

Job Level: Executive Director

Description

Morgan Stanley Investment Management (“MSIM”), together with its investment advisory affiliates, has more than 1,200 investment professionals around the world and operates in 23 countries. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

As part of the newly formed ETF Capital Markets team, he/she will work in collaboration with product, investment, and distribution teams to ensure the effective and efficient implementation of the ETF strategy. This role will act as the product subject-matter-expert for MSIM’s UCITS ETFs. Furthermore, this individual will be critical in developing and maintaining strong relationships with Authorized Participants (APs), Market Makers (MMs) and other key partners, both inside and outside the firm. As a leading voice in shaping the strategic roadmap for ETF products, this individual will also be responsible for end-to-end product design, development, launch and ongoing oversight for ETFs in partnership with the broader MSIM teams.

What you'll do in the role

• Partner with key stakeholders both internally and externally to prioritize and efficiently execute on new ETF product ideas that leverage the firm's investment capabilities.
• Maintain relationships with Market Makers, Authorized Participants and ETF Sales and Trading Desks.
• Engage with the sales team and clients in education and guidance of trading ETFs and the products’ investment strategies.
• Educate market participants about new and existing products to promote product suite across the broker dealer community.
• Monitor Bid-Ask Spreads and Premiums across our product line and communicate issues with the Lead Market Makers.
• Act as a conduit between the Portfolio Management team and the Authorized Participants to assure a smooth create-redeem process.
• Provide clients and prospects, internal and external client facing salespeople with ongoing education and updates about our investment products.
• Own the ongoing product management to ensure the ETF product suite remains competitive and is properly positioned to address commercial growth opportunities.
• Keep abreast of major developments in the industry (i.e. regulations, tax, competition, etc.) that create new opportunities or challenges to our business.

Qualifications

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

• Extensive experience in the asset management industry, specifically in domestic and international listed and OTC equities, with direct experience in ETF Capital Markets or ETF Portfolio Management.
• Deep knowledge of ETF mechanics, including the factors that drive ETF pricing, creation/redemption, liquidity and spreads, premiums, and discounts.
• Understanding of the institutional and retail trade flow process as well as the strategies, best practices, and electronic platforms each use to execute trades.
• Multi-asset knowledge across equities, fixed income, derivatives (futures, swaps, etc.) and FX.
• Understanding of current exchange and market structure environment and the ability to stay current on upcoming changes across key EMEA markets.
• Strong interpersonal skills.
• Strong communication and presentation skills.
• Proactive problem solver with a strong work ethic, strategic mindset, and commercial perspective.
• Familiarity with industry data, vendors, operating models, etc.