Head of OCIO Insurance - Global Investment Office, Executive Director

Morgan Stanley • New York, NY

3d

About The Position

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Outsourced Chief Investment Officer (“OCIO”) group partners with Morgan Stanley Financial Advisors across all channels to offer full discretion portfolio management services to institutional and private clients (e.g., Defined Benefit plans, Endowments, Foundations, Ultra-High Net-Worth, Family Offices, etc.) of Morgan Stanley Wealth Management.
Purpose:
This role will lead the buildout of Morgan Stanley’s OCIO insurance proposition—developing portfolio solutions and repeatable advisor tools for insurance companies and insurance asset pools (captives, reinsurers, run-off, etc.). The leader will partner with Financial Advisors, consultants, and internal product teams to win mandates and deliver institutional-quality outcomes

Requirements

• 12+ years’ experience building out solutions and servicing institutional insurance assets in an asset management or investment consulting capacity
• Demonstrated expertise advising or managing portfolios for insurance asset pools, including liquidity and collateral considerations.
• Deep working knowledge of insurance regulatory capital and reporting frameworks (e.g., NAIC/RBC, statutory accounting; plus exposure to Bermuda/Solvency II/IFRS as relevant), and ability to translate constraints into portfolio construction and tradeoffs
• Experience with ALM-informed portfolio design (duration/convexity, cash-flow matching, liquidity stress, surplus optimization)
• Experience and knowledge in investment platforms and vehicles, including managed account platforms, mutual funds, ETFs, separate accounts, and alternative investments
• Experience and knowledge in global capital markets, technical expertise across asset classes
• Firm understanding of portfolio management concepts including modern portfolio theory, asset allocation, portfolio construction, manager selection, risk management and performance attribution
• Proficiency in Microsoft Office including Excel, PowerPoint, and Word
• Strong organizational and project management skills
• Must be very detail-oriented, with an ability to multi-task and handle multiple priorities
• Exemplary verbal and written communication skills
• Proactive & hard working with strong professional accountability
• Undergraduate degree is required
• FINRA Series 7 and 66 (or 63 and 65) licenses required or willingness to obtain within 180 days of hire (additional licensing may be required)

Nice To Haves

• Graduate degree, CFA, CAIA and other professional designations are preferred

Responsibilities

• Own the insurance OCIO solution roadmap: define target segments (P&C, life, health, reinsurance, captives/risk retention groups), value prop, model portfolios, constraints, guidelines, and implementation playbooks.
• Translate insurance constraints into portfolios (ALM, liquidity, capital charges, ratings, duration/cash-flow, surplus optimization).
• Develop advisor resources: training, pitch materials, diagnostic questionnaires, IPS templates, and proposal toolkits tailored to insurance asset pools.
• Partner cross-functionally with product, research, trading/implementation, risk, legal/compliance, and ops to industrialize the offering.
• Manage client portfolios’ asset allocation and manager selection as well as risk management and monitoring within insurance regulatory/accounting constraints
• Engage with clients to perform client discovery, draft investment policy statements, provide quarterly reporting, etc.
• Oversee operational excellence for insurance OCIO accounts in partnership with trading, reporting, and custody partners
• Along with other subject matter experts, create institutional content such as white papers for advisors to use with clients and prospects to engage on topics related to the areas of expertise

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level