Morgan Stanley is a global financial services leader with three core businesses: Wealth Management, Investment Management and Institutional Securities. The Wealth Management Division comprises one of the world's largest networks of Financial Advisors with offices across the United States. Morgan Stanley acquired ETRADE in 2020 to position itself as the industry leader in Wealth Management across all channels and segments, and significantly increases the scale and breadth of the Wealth Management franchise.The recent integration of ETRADE's Banking Services provides an endless opportunity for growth and finding synergies. In this regard, the Morgan Stanley U.S. Banks seek a talented and motivated AVP to join the Morgan Stanley Private Banking Group's Deposits Product Management Team. The Morgan Stanley U.S. Banks (Morgan Stanley Private Bank, National Association and Morgan Stanley Bank N.A.) offer a range of deposit products including brokerage account sweep deposits via the Bank Deposit Program, as well as Savings, CDs, and Global Currency deposit products for Wealth Management clients. Deposit growth is also an important strategic initiative among other responsibilities.The ideal candidate is passionate about being part of creating the best products possible as well as continually enhancing existing products. This involves working on products from initial concept through to product launch and beyond. This is an opportunity to join an entrepreneurial team, focused on innovation and growing deposits across all channels at Morgan Stanley. The Deposits Product Management team collaborates with cross functional partners in Treasury, Finance, Legal, Risk, Compliance, Sales, Marketing, Operations & Technology to discover, develop, build, enhance and grow deposits. We leverage competitor data, market insights and data to design solutions that meet customer needs, align to business goals and maximize revenue for the firm.Day-in-the-life of a Savings & CDs Product AVP could include (but not limited to): * Manage existing products and drive projects to develop new initiatives, including promotional campaigns to increase adoption across various channels * Assist in managing cross-functional teams with representatives from Technology, Operations, Marketing, Legal, Compliance, and Finance to launch and implement these new initiatives * Partner with Digital Platforms colleagues to develop requirements, test their implementation, and deliver elegant experiences for Bank clients that lead to broader and deeper Deposit relationships * Maintain rigorous project management discipline to ensure key tasks & deliverables are well documented, tracked, and socialized upon delay or completion; provide clear readouts on progress in large stakeholder forums * Analyze product trends & report on regional and nationwide performance of various products * Develop key performance indicators and track progress; partner with Technology to improve & deepen reporting * Prepare analyses for senior management, and succinctly communicate on key findings & insights * Analyze competitive strategies across the industry * Draft internal, Financial Advisor & client-facing communications and collaborate with cross functional partners to develop and implement Deposit Products strategy * Support Financial Advisors, Private Bankers and Client Service Center in the sales of all deposit products and the resolution of any escalated client issues * Maintain and update policies and procedures as needed to accurately reflect changes and enhancements to Deposit ProductsExperience: * 4 - 6 years of professional experience in Finance, Treasury, or Banking Services; experience in Banking Product Management a plus * Strong understanding of retail and private banking products' economics, rate environment, and market trends * Demonstrated success in managing multi-stakeholder products & projects * Bachelor's degree in Finance, Economics, AccountingSkills/Abilities: * Analytical & strategic thinker who is able to tackle unstructured problems with limited guidance * Self-starter who is able to work independently on multiple tasks; efficient time management skills and attention to detail a must * Adaptable team player who is willing to learn new concepts quickly & efficiently * Able to define and evaluate strategies and business use cases * Strong product intuition and user empathy * Great presentation and PowerPoint skills, with ability to put together cohesive, senior management-ready decks * Excellent verbal and written communication skills * Proficiency in MS Office (Excel, PowerPoint, Access)WHAT YOU CAN EXPECT FROM MORGAN STANLEY:We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.,Expected base pay rates for the role will be between $85,000 and $135,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.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).
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