Associate Private Banker - Assistant Vice President

Morgan Stanley • Boston, MA

1d • $85,000 - $140,000

About The Position

Morgan Stanley is seeking a high-potential Associate Private Banker to join the Private Banking Group Sales Team. The role provides product and service support to Private Bankers in the region and to the Region Manager. The Associate Private Banker works with Private Bankers and Advisors to identify client opportunities and provide suitable cash management and lending solutions, while delivering product, distribution, and service support to Financial Advisors and their clients.

The position also supports marketing campaigns and pipelines, communicates product and policy enhancements, and collaborates with Financial Advisors, Branch Managers and staff, Private Bankers, and product partners. Morgan Stanley describes an environment of collaboration, inclusion, employee support, and opportunities to move across the business.

Requirements

• Minimum of 3 years of experience with an investment, commercial, or private bank.
• 2 years of client service, business development, and/or Sales Desk experience.
• Experience understanding the financial needs of all types of clients.
• Strong knowledge of cash management and lending products, including bank deposits, certificates of deposit, credit cards, residential mortgage products, home equity lines of credit, securities-based loans, high-net-worth tailored lending products, and commercial credit products.
• Excellent verbal and written communication skills.
• Excellent relationship-building, business development, and service skills, with the desire and drive to consistently achieve top-quartile results.
• Ability to understand the financial needs of retail brokerage clientele.
• Ability to maintain poise, presence, and professionalism with Financial Advisors and affluent clients in difficult circumstances.
• Software proficiency, such as Word, Excel, and PowerPoint.
• Positive initiative, leadership, and comfort working in a fast-paced environment.
• Strong interpersonal, collaboration, and team skills, including experience working with cross-functional teams.

Nice To Haves

• Bachelor’s degree preferred, or relevant work experience.

Responsibilities

• Partner with Private Bankers and Advisors to assess opportunities and provide suitable cash management and lending solutions for their clients.
• Partner with Private Bankers to provide Financial Advisors and their clients with Private Banking products and solutions, distribution, and service support.
• Build a reputation for execution and excellence and gain the confidence of Financial Advisors and Private Bankers to develop cash management and lending opportunities with clients.
• Assist in developing and implementing marketing campaigns.
• Assist in developing and maintaining adequate marketing pipelines to meet revenue targets.
• Communicate new product and policy enhancements to Financial Advisors and branch staff.
• Work and communicate effectively with Financial Advisors, Branch Managers and staff, Private Bankers, and product partners.

Benefits

• Comprehensive employee benefits and perks.
• Benefit programs supporting employees and their families throughout their work-life journey.
• Potential commission earnings, incentive compensation, discretionary bonuses, and other short- and long-term incentive packages, depending on the position.

What This Job Offers

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