Securities Based Lending Product Manager, AVP
Morgan Stanley
Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Wealth Management, and Investment Management. Morgan Stanley Wealth Management (“MSWM”) is a market leader in delivering comprehensive financial planning advice and related services, including investment management, brokerage, lending, deposits and cash management through our network of 15,000 Financial Advisors, E*TRADE for self-directed investors, and to employers and their employees through Morgan Stanley at Work.
MSWM’s Private Banking Group (“PBG”) offers a variety of lending, deposit, and cash management solutions such as securities-based loans, home loans, and cash management accounts. PBG is responsible for developing, launching and managing innovative banking and lending services tailored for Wealth Management clients through its US Bank entities: Morgan Stanley Private Bank, National Association (“MSPBNA”) and Morgan Stanley Bank, N.A. (“MSPBNA”).
High Net Worth Lending (“HNW Lending”) in the PBG is focused on managing, developing and growing MSWM’s Securities Based Lending “SBL” business. SBL provides MSWM clients with liquidity solutions by allowing clients to borrow against the value of eligible collateral held in their MSWM account.
The team is strategically focused on developing and executing plans that will position the HNW Lending Business for continued revenue growth, first-class risk management, operational efficiency, and service excellence. The person in this role will support lending products and develop new product capabilities. They will have responsibility for participating in and leading initiatives that increase business growth, improve our competitiveness and drive continuous improvement. This position can be located in the Purchase or New York Plaza offices.
Key Accountabilities:
Serve as a key contact between our business partners, technology, and vendors to ensure that business requirements are well-documented and transformed into technical solutions.
Partner with business teams to support and ensure delivery of technology solutions that align with business goals and product roadmaps.
Employ strong analytical skills to identify, evaluate and define complex systems.
Create product artifacts (e.g., business requirements, migration plans, communication plans, testing outcomes, project updates for senior management) and gain approval from business and technology leaders.
Analyze incidents and requests and ensure issues or defects are identified, documented, and result in timely resolution.
Apply technical skills to understand and communicate the potential and limitation of technology solutions.
Build and maintain strong relationships across functions and levels of an organization to lead teams towards success-based results.
Act with a commitment to diversity, inclusion and belonging in the workplace.
Experience
3 plus years of professional experience including 2 plus years of Securities Based Credit and Lending business, risk, or operations experience is required.
Experience in a brokerage firm or bank providing securities based and margin loans is a plus
Experience with product development, strategic planning, system development, process design, and/or project management in an agile environment.
Experience working across various functional areas Legal, Compliance, Finance, Technology and Operations is key.
Bachelor’s degree required
Skills/Abilities
Business Analysis and Project Management skills are required.
Energetic person with the ability to demonstrate positive initiative and leadership in a fast-paced environment.
Excellent communication and collaboration skills to work with and gain the confidence of cross-functional colleagues.
Detail orientation with strong organizational and analytical skills.
Ability to quickly learn and understand the suite of all Banking & Lending products and interconnections.
Communicate and set expectations appropriately to management and colleagues.
Working knowledge of Microsoft Office tools.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $85,000 and $140,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).