Transactional Deposits Product Manager - Associate
About The Position
Morgan Stanley is a global financial services leader with three core businesses: Wealth Management, Investment Management and Institutional Securities. The Wealth Management Division comprises one of the world's largest networks of Financial Advisors with offices across the United States. Morgan Stanley acquired ETRADE in 2020 to position itself as the industry leader in Wealth Management across all channels and segments, and significantly increases the scale and breadth of the Wealth Management franchise. The recent integration of ETRADE's Banking Services provides an endless opportunity for growth and finding synergies. In this regard, the Morgan Stanley U.S. Banks seek a talented and motivated Associate to join the Transactional Deposits Product Management Team. 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 Transactional Deposit products (i.e., Bank Checking Accounts on the ETRADE Platform and CashPlus Brokerage Account on the Morgan Stanley Platform) for Morgan Stanley clients across various channels. Deposit growth is also an important strategic initiative among other responsibilities. We are seeking a motivated, entrepreneurial, and detail-oriented Associate to join the Transaction Deposit Product Management Team, specifically supporting ongoing product enhancement and new initiatives across the Transactional Deposit product suite. The ideal candidate is passionate about being part of creating the best products possible as well as continually enhancing existing products. This involves working on products from initial concept through to product launch and beyond. This role encourages collaboration and is perfect for a team player interested in learning and growing with the firm.
Requirements
- 3-5 years of professional experience in Banking Services or Technology; experience in Banking Product Management or consulting at a major financial institution a plus
- Strong understanding of retail and private banking products' user experience, economics, rate environment, and market trends
- Demonstrated success in managing multi-stakeholder products & projects
- Bachelor's degree in Finance, Economics, Accounting, or a related field. Liberal arts degrees are also welcomed
- Self-starter who is able to work independently on multiple tasks; efficient time management skills and attention to detail a must
- Analytical & strategic thinker who is able to tackle unstructured problems with limited guidance
- Adaptable team player who is willing to learn new concepts quickly & efficiently
- Able to define and evaluate strategies and business use cases
- Strong product intuition and user empathy
- Great presentation and PowerPoint skills, with ability to put together cohesive, senior management-ready decks
- Excellent verbal and written communication skills
- Proficiency in MS Office (Excel, PowerPoint, Access)
Responsibilities
- Manage existing products and drive projects to develop new initiatives to increase adoption across various channels
- Assist in managing cross-functional teams with representatives from Digital Platforms, Technology, Operations, Marketing, Sales, Legal, Compliance, and Finance to launch and implement these new initiatives
- Partner with Digital Platforms colleagues to develop requirements, test their implementation, and deliver elegant experiences for Bank clients that lead to broader and deeper deposit relationships
- Maintain rigorous project management discipline to ensure key tasks & deliverables are well documented, tracked, and socialized upon delay or completion; provide clear readouts on progress in large stakeholder forums
- Analyze product trends & report on regional and nationwide performance of various products
- Develop key performance indicators and track progress; partner with Technology to improve & deepen reporting
- Prepare analyses for senior management, and succinctly communicate on key findings & insights
- Analyze competitive strategies across the industry
- Draft internal, Financial Advisor & client-facing communications and collaborate with cross-functional partners to develop and implement transactional deposit product strategy
- Support Financial Advisors, Private Bankers and Client Service Center in the sales of transactional deposit products and the resolution of any escalated client issues
- Maintain and update policies and procedures as needed to accurately reflect changes and enhancements to transactional deposits
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Industry
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Number of Employees
5,001-10,000 employees
