Assistant Vice President Certificates of Deposits (CD) Product Manager - Morgan Stanley
New York, NY
About the Job
Job Number:
3250978Posting Date
: Apr 25, 2024Primary Location
: Americas-United States of America-New York-New YorkJob
: Wealth ManagementDescription
Morgan Stanley is building out an industry-leading deposits and cash management offering, that capitalizes on the acquisitions of E*TRADE and Shareworks.
We are seeking a talented and motivated AVP to join the Morgan Stanley Private Banking Group’s Deposits Product Management Team. The team is responsible for a variety of deposit products, with an emphasis on driving a holistic and engaging product experience spanning sweep deposits, savings, checking, CDs and foreign currency deposits.
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 is an opportunity to join an entrepreneurial team, focused on innovation and growing deposits across all channels at Morgan Stanley. The Deposits Product Management team collaborates with cross functional partners in Treasury, Finance, Legal, Risk, Compliance, Sales, Marketing, Operations & Technology to discover, develop, build, enhance and grow deposits. We leverage competitor data, market insights and data to design solutions that meet customer needs, align to business goals and maximize revenue for the firm.
Day-in-the-life of a Certificates of Deposits (CD) Product AVP could include (but not limited to):
• Analyze product trends, report on regional and nationwide performance including originations and retention; additionally partner with technology to improve reporting
• Support product specific pricing strategies to grow deposits. Manage projects to create new initiatives and promotional campaigns to drive adoption across various channel including working with marketing.
• Analyze competitive strategies across the industry
• Track financial performance and develop key performance metrics; partner with modeling team to build and enhance models
• Prepare analyses and financial forecasts to senior management
• Assist in managing cross-functional teams with representatives from IT, operations, legal, compliance, marketing, business, and finance to launch and implement new initiatives
• Support Financial Advisors, Private Bankers and Client Service Center in the sales of all deposit products and the resolution of any escalated client issue.