Wealth Management Client Segments and ETRADE Strategy & Execution, Associate

Morgan Stanley • New York, NY

2d • $58,000 - $115,000

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. The Client Segments and ETRADE Strategy & Execution team serves as the strategy team for Wealth Management Client Segments (WMCS) and ETRADE from Morgan Stanley. The team is responsible for working closely with members of the Wealth Management leadership team to develop and implement a cohesive strategy across all client segments. Responsibilities include: (1) serving clients across our Advisor, Workplace, Institutional and ETRADE channels ; (2) ensuring we are meeting our clients wherever they are on their financial journey, supporting their growth, and deepening relationships over time ; (3) promoting integration and innovation across Morgan Stanley's various client-facing channels. The team's remit can be categorized across four verticals: Strategic Planning & Corporate Development, Business Management, “Chief of Staff” functions, and Special Projects across both ETRADE and WMCS more broadly. The team's portfolio is ever-changing: recent projects include building out comprehensive pro forma models to evaluate financial opportunities associated with new product offerings (e.g., cryptocurrency, prediction markets, affiliate products), driving organic and inorganic growth initiatives (e.g., refining divisional operating models, identifying opportunities to incorporate GenAI into workstreams), assessing the financial impact of strategic investments (e.g., new external partnerships), managing the budget across all client segments, and preparing talking points, slide decks, and briefing memos for Wealth Management leadership. We are seeking an Associate to support Strategy and Execution efforts across the WMCS and ETRADE business with a focus on supporting senior/experienced members of the team across all four verticals, with responsibility for the following:

Requirements

• Bachelor's degree required plus at least two years of related industry experience with a general understanding of Wealth Management product and services
• Background in Investment Banking, Management Consulting is a plus
• Strategic thinker with excellent analytical and problem-solving skills and a background in financial modeling
• Self-starter who will take initiative, learn quickly and work independently
• Strong interpersonal skills and the ability to interact with colleagues at all levels of the organization
• Detail-oriented individual with ability to multi-task and manage competing deadlines
• High level of attention to detail, with excellent written and verbal communication skills
• Team-oriented, with high level of administrative and interpersonal professionalism
• High energy, results oriented and high performer in fast paced environment
• Advanced knowledge of Excel and intermediate knowledge of PowerPoint, DataIKU, Thinkcell & Tableau is a plus

Nice To Haves

• Current SIE/Series 7 and 63 licenses are preferred, but not required

Responsibilities

• Building comprehensive pro forma excel models and conducting other quantitative analyses to assess the economic impact of strategic initiatives and presenting key findings to senior leadership across the organization to inform decision making
• Spearheading innovation through organic and inorganic business growth initiatives
• Developing strategies to drive operational efficiency at scale for businesses across Morgan Stanley Wealth Management (e.g., international expansion)
• Partnering with colleagues across our leading institutional research and sales teams to assess competitive landscapes and identify key differentiators / competitive gaps
• Gaining meaningful leadership experience across divisions, balancing stakeholder needs to execute against key initiatives and ensure alignment of priorities
• Building internal and external presentations for Wealth Management executives across a broad range of topics and strategic initiatives
• Partnering with the broader Client Segments and ETRADE Strategy & Execution team to support cross-divisional initiatives, chief-of-staff responsibilities, and execution across segment-based projects
• Contributing to broader business management needs such as: Coordinating annual budgeting across the organization, Managing an inventory of strategic initiatives and obtaining regular updates from the rest of the leadership team, Running monthly management reporting in collaboration with partners from finance, human resources, marketing, risk, compliance, etc.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees