Institutional Product Manager - OCIO Investment Team, Executive Director

Morgan Stanley•New York, NY

32d

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. We are seeking a highly skilled and experienced Institutional Product Manager to join our OCIO (Outsourced Chief Investment Officer) Investment Team. The ideal candidate will possess strong stakeholder and project management skills, with a proven track record in the institutional investment marketplace. This role requires a deep understanding of various institutional investment products and the ability to navigate complex processes involving investment due diligence, product structuring, and cataloguing. The successful candidate will work closely with manager research, legal, risk, compliance, and wealth management product teams to ensure the successful delivery of investment solutions.

Requirements

Bachelor’s degree in Finance, Business Administration, or a related field.
Minimum of 10+ years of experience in the institutional investment marketplace, with a focus on product management and development
Strong understanding of institutional investment products, including CITs, Separate Accounts, and LPs
Proven experience in stakeholder and project management, with the ability to lead complex projects and manage multiple priorities
Excellent negotiation skills and experience working with legal, risk, and compliance teams
Proficiency in using investment manager databases and tools such as eVestment and Morningstar
Strong analytical and problem-solving skills, with the ability to make data-driven decisions
Excellent communication and interpersonal skills, with the ability to build and maintain relationships with diverse stakeholders
Proactive and hard working with strong professional accountability
Exemplary verbal and written communication skills
Strong analytical and/or quantitative skills
Must be very detail-oriented with an ability to multi-task
FINRA Series 7 and 63 licenses required or willingness to obtain within 120 days of hire

Nice To Haves

An advanced degree or relevant professional certification (e.g., CFA, CAIA) is preferred
Demonstrated experience in an investment due diligence function across multiple asset classes is preferred

Responsibilities

Stakeholder and Project Management Lead and manage multi-stage processes, ensuring effective communication and collaboration with internal and external stakeholders
Coordinate with manager research, legal, risk, compliance, and wealth management product teams to align on product development and implementation strategies
Develop and maintain strong relationships with key stakeholders to facilitate smooth project execution and delivery
Management & Leadership Demonstrate strong leadership and team management skills
Manage a due diligence team focused on institutional investment research
Investment Due Diligence and Product Structuring Conduct initial investment due diligence to assess the viability and potential of various institutional investment products
Structure and define accessible institutional investment products, including Collective Investment Trusts (CITs), Separate Accounts, Limited Partnerships (LPs), and custom accounts to meet institutional client needs
Ensure all institutional products are catalogued accurately and updated regularly to reflect changes in the product details including dealing terms, fees, minimums, etc.
Ongoing Diligence and Monitoring Ensure formal oversight on ongoing investment and operational diligence and monitoring of approved institutional product offerings
Provide regular, detailed reporting of qualitative and quantitative analysis for approved institutional products
Negotiation and Coordination Negotiate terms and conditions of institutional investment products in coordination with legal, risk, and compliance teams
Ensure all agreements and contracts are compliant with legal and regulatory standards through collaboration with operations and risk partners
Market and Product Knowledge Demonstrate broad product knowledge across various investment types, including CITs, Separate Accounts, and LPs
Stay informed about market trends and developments to provide insights and recommendations for product innovation and enhancement
Database and Tool Utilization Utilize investment manager databases and tools such as eVestment and Morningstar to support product sourcing and decision-making processes
Analyze data to identify opportunities for product enhancements/expansion
Work with stakeholders to enhance product database and user experience