Corporate Deposits Product Manager, Vice President

Morgan Stanley•Purchase, NY

17d•$110,000 - $190,000

About The Position

Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management. Wealth Management is offered by Morgan Stanley Smith Barney (MSSB), which has one of the world’s largest networks of Financial Advisors.  The Morgan Stanley U.S. Banks continue to play a key role in executing the Global Wealth Management strategy. The Morgan Stanley U.S. Banks continue to execute on a set of multi-year strategic priorities that are aligned with the broader Firm strategy. 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, Notice Deposits, CDs, and Global Currency deposit products for Wealth Management clients. The Deposits and Cash Management team remains focused on expanding its core product offerings, enhancing relationships with existing clients, and broadening the product portfolio to attract new clientele. Morgan Stanley U.S. Banks seek a dynamic candidate to join the product management team at the Vice President level. This role will lead the development and execution of strategic corporate deposits initiative, driving innovation and integration across the Firm’s corporate relationships. The position is focused on business planning, product roadmap development, and cross-functional execution, with distribution and origination efforts serving as complementary components.

Requirements

7+ years of experience in Commercial or Business Banking Payments Product management
Deep Knowledge of corporate treasury and cash management processes
Demonstrated success leading cross-functional, strategic initiatives with challenging deadlines
BA/BS required
Expertise in conveying complex banking and financial issues to decision-makers.
Strong ability to switch contexts, manage multiple priorities, and adapt to change
Analytical & strategic thinker able to define and evaluate alternatives, problem solve, and translate goals into specific project tasks
Excellent relationship building capabilities with internal and external partners to build consensus, drive solutions
Strong presentation and PowerPoint skills, with ability to put together cohesive, senior management-ready decks. Including proficiency is MS Office (Excel, Visio, Word)
Proficient in market research, tool utilization, and business analysis, including ROI case studies and transformation business cases
Thrives in high-pressure and challenging business environments often working under challenging timelines
Display entrepreneurial initiative and comfort working in a fast-paced environment.
Excellent data management skills.
Appreciate & encourage diversity of people, ideas & perspectives
Strong desire to lead projects, propose innovative solutions, and drive results.

Nice To Haves

Master’s degree in Finance or Business preferred

Responsibilities

Strategic Leadership: Support the development and execution of the Corporate Banking Payments Strategy, concept to execution.
Prepare and deliver compelling presentations and written communications for executive leadership and key stakeholders regarding corporate banking payment strategies, execution, and performance.
Market Intelligence : Conduct market research to identify trends, opportunities, and competitive positioning. Translate insights into product development and growth strategies.
Stakeholder Engagement and Cross-Functional Integration: Partner with internal teams (Technology, Operations, Legal, Risk, Compliance, Treasury, Finance) to integrate offerings and maximize client value.
Identify, and document key use cases and processes to convert into requirements for Technology and Digital teams.
Project management of new products from pilot through launch
Draft client communications and collaborate with cross functional partners to develop and implement got to market strategy
Maintain and update policies and procedures as needed to accurately reflect changes and enhancements to Deposit Products
Set up service model in partnership with Operations Technology & Risk
Partnership : Provide technical requirements and coordinate build with technology and digital teams.
Adapt to shifting priorities, manage multiple projects simultaneously, and thrive in fast-paced environments typical of corporate banking.
Coordinate with multiple risk teams and ensure robust governance via New Product Approval committees