Product Manager, Portfolio Margin Offering - Wealth Management Platforms – Vice President

Morgan Stanley•Chicago, NY

1d•$110,000 - $190,000

About The Position

Product Manager, Portfolio Margin Offering - Wealth Management Platforms - Vice President Location: Chicago / Purchase We're looking for a senior leader to be part of the team in charge of the new phase of growth in the niche offering of Portfolio Margin. You will work with the Risk Management teams to build the next generation of Products that will enable the firm to manage Trading risk more effectively. The candidate is expected to articulate a clear strategy for the path forward, and get buy in with all the key stakeholders in Risk, Product, Sales and Service and Legal and Compliance teams The desired candidate should be a self-starter, a problem solver and must be driven to solve complex business issues. About Morgan Stanley 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. Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow. Department Overview In the Wealth Management division, we help people, businesses and institutions build, preserve, and manage wealth so they can pursue their financial goals More than 30 years ago, ETRADE pioneered the online brokerage industry by executing the first-ever electronic individual investor trade. While the landscape of our industry has changed dramatically, our culture of innovation and drive to make online trading accessible to everyone continues to drive us forward. We believe in challenging the status quo, fostering an environment of curiosity and learning, and, above all, putting our customers first.

Requirements

Minimum of 9 years of transferrable experience across work and higher education.
Proven track record of building and launching new products for retail clients and/or internal stakeholders.
Deep knowledge of Option pricing models and associated risk management
Ability to synthetize and model large data set to extract valuable information that can help deepen understanding of the risk or uncover insight to help better manage the product
Experience building and launching client facing applications
Experience managing a revenue generating product

Nice To Haves

Risk Management and data modeling is highly desirable

Responsibilities

Work with leadership and stakeholders to articulate a clear growth plan with actionable roadmap of deliverables
Socialize the plan with the broader organization to gain acceptance
Define the client journey to create user persona that will allow the firm to gain a deeper understanding of how these clients interact with the Product, what tool do they do they use, what is their trading pattern etc
Leverage findings to guide the design and building of the next set of Product features aimed at capturing market shares and creating stickiness with current customers
Utilize strong analytical skills to identify, evaluate and define complex systems.
Create product artifacts (business requirements, functional requirements, migration plans, communication plans, project updates for senior management) and gain approval from business and technology leaders
Work with Partners in Risk, Sales and Service, UX and channels teams to create the best experience for this group of highly sophisticated clients
Drive forward the next phase of growth of a product with high potential to new height but in a very strategic and thoughtful way.
Work with Risk teams to understand their unique needs and help them build the next generation of tools to help the firm manage risk

Benefits

Medical
Prescription Drug
Dental
Vision
Health Savings Account
Dependent Day Care Savings Account
Life Insurance
Disability and Other Insurance Plans
Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually)
10 Paid Holidays
401(k)
Short/Long Term Disability