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 E*TRADE 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 E*TRADE’s Banking Services provides an endless opportunity for growth and finding synergies. In this regard, the Morgan Stanley U.S. Banks seek an Analyst to join the product management team and report to the Deposit Product Manager. 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 brokerage account sweep deposits via the Bank Deposit Program, as well as Savings, CDs, and Global Currency deposit products for Wealth Management clients. Deposit growth is also an important strategic initiative among other responsibilities. 

The Analyst will help the Deposit Product team grow and manage the host of deposit products offered by Morgan Stanley Banks through both the legacy Morgan Stanley advisor based channel as well as the E*TRADE self-directed channel. To help meet the Firm’s goals in growing balances across these channels, this role will consist of a mix of Project Management responsibilities, reporting, data analytics, and research. The Analyst will also execute product initiatives in collaboration with functional partners; respond to inquiries from Private Bankers, Advisors, Managers, and others; and execute routine product management functions. In this role there are tremendous opportunities to learn the fundamentals of banking, work with the team on product development and refinement, present to and be recognized by senior-level management while partnering across Morgan Stanley. This role encourages collaboration and is perfect for a team player interested in learning and growing with the firm. 

Responsibilities:

•    Support in the management and launch of Morgan Stanley Deposit Products delivered through the Advised or Self-Directed channel 
•    Project management of new products and/or initiatives from pilot through launch, including assisting with the implementation of our project plan and strategy.
•    Provide data & analytics and maintain documentation for new products/initiatives
•    Draft client communications and collaborate with cross functional partners to develop and implement Deposit Products marketing strategy 
•    Maintain and update policies and procedures as needed to accurately reflect changes and enhancements to Deposit Products 
•    Partner with Risk, Legal, Compliance, and Audit on an ongoing and project-based basis to ensure adherence to rules, regulations and heightened standards 
•    Track financial performance and develop key performance metrics 
•    Analyze competitive strategies across the industry
•    Prepare analyses and financial forecasts for Senior Management
•    Assist in managing project plans with deliverables that span across functional teams with representatives from IT, Operations, Legal, Compliance, Marketing, Business, and Finance to launch and implement new initiatives
•    Support Financial Advisors and Private Bankers in the marketing of all deposit products and the resolution of any escalated client issues Experience

• 1-3 years of professional experience 

• Wealth Management and/or project management experience is a plus 

• General knowledge of retail and private banking products

• Bachelor’s degree in Finance, Economics, Accounting







Skills/Abilities


• Strong analytical & critical thinking skills 

• Excellent verbal and written communication skills

• Proficiency is MS Office (Excel, Powerpoint, Access)

• Appreciate & encourage diversity of people, ideas & perspectives 










Expected base pay rates for the role will be between $70,000 and $90,000 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).