Product Manager, Retail Banking & Cash Management - Vice President

Morgan Stanley•New York, NY

20h•$110,000 - $190,000

About The Position

Morgan Stanley is seeking a Product Manager to join its Deposits and Cash Management team within the Private Banking Group. The team manages retail bank deposit and cash management solutions, including Bank Checking Accounts on the ETRADE platform and CashPlus Brokerage Accounts on the Morgan Stanley platform. It focuses on enhancing core offerings, deepening client relationships, growing deposits across channels, and expanding the product portfolio to meet evolving client needs. The role spans product strategy, development, and execution across Wealth Management. The Product Manager will identify and evaluate opportunities, translate client and business needs into product solutions, and lead initiatives from concept through launch and optimization. The successful candidate will independently manage meaningful initiatives, capabilities, and workstreams, solve complex problems, and deliver client and business impact in partnership with teams across the organization.

Requirements

5 to 8 years of relevant experience in product management, product strategy, product development, banking, cash management, financial services, or a related field.
Demonstrated experience managing products or complex initiatives from problem definition through launch and optimization.
Experience using data, client insights, and market intelligence to evaluate opportunities and develop product recommendations or business cases.
Proven ability to translate client and business needs into product strategies, requirements, and roadmaps.
Experience driving cross-functional initiatives and influencing stakeholders across business, technology, operations, and control functions.
Bachelor’s degree in Finance, Economics, Accounting, or a related field; liberal arts degrees are also welcomed.
Strong command of the product lifecycle, from discovery and prioritization through launch and optimization.
Ability to structure ambiguous problems, evaluate alternatives, and develop clear, fact-based recommendations.
Ability to synthesize data and insights, assess trade-offs, and translate analysis into action.
Self-starter who takes ownership and independently drives work forward with limited direction.
Ability to translate client needs into practical, differentiated product solutions and experiences.
Ability to build alignment and drive outcomes across matrixed teams without formal authority.
Strong communication skills, including the ability to create compelling narratives and polished, executive-ready PowerPoint presentations.
Proficiency in MS Office, including Outlook, Excel, PowerPoint, and Access.

Responsibilities

Support product strategy and roadmaps, informed by client needs, business priorities, and market trends.
Identify and evaluate product opportunities using client insights, market intelligence, and performance data.
Translate client and business needs into product solutions, requirements, and measures of success.
Drive new capabilities and enhancements from concept through launch and optimization.
Manage assigned initiatives, capabilities, and workstreams, with a strong understanding of client experience, performance, and economics.
Monitor and optimize product performance to improve client experience, adoption, and growth.
Develop business cases and recommendations, balancing client value, business impact, feasibility, and risk.
Independently drive complex cross-functional initiatives, managing milestones, dependencies, risks, and decisions.
Develop compelling, senior-management-ready recommendations and presentations that drive alignment and decision-making.
Serve as a product subject-matter expert, resolving complex issues and identifying broader product, journey, and process improvements.
Drive resolution of complex product and escalated client issues in partnership with Financial Advisors, Private Bankers, and the Client Service Center.