Product Manager Strategic Deposit Initiatives Vice President

Morgan Stanley • New York, NY

1d • $110,000 - $190,000

About The Position

The Vice President will join Morgan Stanley’s U.S. Banks Deposits Product Management team, which develops, enhances, and grows deposit products for Wealth Management clients across channels. Products include brokerage account sweep deposits through the Bank Deposit Program, Savings, Notice Deposits, CDs, and Global Currency deposits. The role spans product management and project/program execution: shaping product strategy and requirements while driving delivery through planning, governance, and disciplined execution.

The position involves managing existing products and developing new initiatives from concept through launch and beyond. The Product Manager partners with teams across Treasury, Finance, Legal, Risk, Compliance, Sales, Marketing, Operations, and Technology, including cross-border stakeholders. The role uses competitor information, market insights, and data to develop solutions that address customer needs, align with business goals, and maximize revenue. It also supports Financial Advisors, Private Bankers, and the Client Service Center with deposit-product questions and escalated client issues.

Requirements

• 5–8 years of professional experience in Finance, Treasury, or Banking Services.
• Strong understanding of retail and private banking product economics, interest-rate environments, and market trends.
• Demonstrated success managing products and projects with multiple stakeholders.
• Bachelor’s degree in Finance, Economics, or Accounting.
• Ability to analyze and address unstructured problems with limited guidance.
• Ability to work independently on multiple tasks, with efficient time management and attention to detail.
• Adaptability, teamwork, and ability to learn new concepts quickly and efficiently.
• Ability to define and evaluate strategies and business use cases.
• Strong product intuition and user empathy.
• Strong presentation and PowerPoint skills, including preparation of cohesive, senior-management-ready presentations.
• Excellent verbal and written communication skills.
• Proficiency in Microsoft Office, including Excel, PowerPoint, and Access.

Nice To Haves

• Experience in Banking Product Management.
• Experience with global or international banking products and product strategy.

Responsibilities

• Manage existing deposit products and drive projects to develop new initiatives.
• Maintain rigorous project management practices by documenting and tracking tasks and deliverables, communicating delays or completion, and reporting progress in stakeholder forums.
• Develop product strategy and requirements in ambiguous situations while balancing stakeholder priorities.
• Coordinate cross-functional and cross-border teams to launch and implement initiatives.
• Prepare analyses and status updates for senior management and communicate findings, insights, and progress succinctly.
• Develop key performance indicators to track progress.
• Analyze domestic and international competitors’ strategies.
• Draft internal, Financial Advisor-facing, and client-facing communications.
• Support Financial Advisors, Private Bankers, and the Client Service Center on deposit products and escalated client issues.
• Maintain and update policies and procedures to reflect product changes and enhancements.

Benefits

• Comprehensive employee benefits and perks.
• 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: Senior