Corporate Deposits Product Manager, Vice President

Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management. Wealth Management is offered by Morgan Stanley Smith Barney (MSSB), which has one of the world’s largest networks of Financial Advisors.  The Morgan Stanley U.S. Banks continue to play a key role in executing the Global Wealth Management strategy.

The Morgan Stanley U.S. Banks continue to execute on a set of multi-year strategic priorities that are aligned with the broader Firm strategy. 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, Notice Deposits, CDs, and Global Currency deposit products for Wealth Management clients. The Deposits and Cash Management team remains focused on expanding its core product offerings, enhancing relationships with existing clients, and broadening the product portfolio to attract new clientele.

Morgan Stanley U.S. Banks seek a dynamic candidate to join the product management team at the Vice President level. This role will lead the development and execution of strategic corporate deposits initiative, driving innovation and integration across the Firm’s corporate relationships. The position is focused on business planning, product roadmap development, and cross-functional execution, with distribution and origination efforts serving as complementary components.

The primary responsibilities are as follows:

• Strategic Leadership:
  • Support the development and execution of the Corporate Banking Payments Strategy, concept to execution.
  • Prepare and deliver compelling presentations and written communications for executive leadership and key stakeholders regarding corporate banking payment strategies, execution, and performance.
• Market Intelligence :
  • Conduct market research to identify trends, opportunities, and competitive positioning.
  • Translate insights into product development and growth strategies.
• Stakeholder Engagement and Cross-Functional Integration:
  • Partner with internal teams (Technology, Operations, Legal, Risk, Compliance, Treasury, Finance) to integrate offerings and maximize client value.
  • Identify, and document key use cases and processes to convert into requirements for Technology and Digital teams.
  • Project management of new products from pilot through launch
  • Draft client communications and collaborate with cross functional partners to develop and implement got to market strategy
  • Maintain and update policies and procedures as needed to accurately reflect changes and enhancements to Deposit Products
  • Set up service model in partnership with Operations
• Technology & Risk Partnership :
  • Provide technical requirements and coordinate build with technology and digital teams.
  • Adapt to shifting priorities, manage multiple projects simultaneously, and thrive in fast-paced environments typical of corporate banking.
  • Coordinate with multiple risk teams and ensure robust governance via New Product Approval committees

Experience

• 7+ years of experience in Commercial or Business Banking Payments Product management
• Deep Knowledge of corporate treasury and cash management processes
• Demonstrated success leading cross-functional, strategic initiatives with challenging deadlines
• BA/BS required; Master’s degree in Finance or Business preferred

Skills/Abilities

• Expertise in conveying complex banking and financial issues to decision-makers.
• Strong ability to switch contexts, manage multiple priorities, and adapt to change
• Analytical & strategic thinker able to define and evaluate alternatives, problem solve, and translate goals into specific project tasks
• Excellent relationship building capabilities with internal and external partners to build consensus, drive solutions
• Strong presentation and PowerPoint skills, with ability to put together cohesive, senior management-ready decks. Including proficiency is MS Office (Excel, Visio, Word)
• Proficient in market research, tool utilization, and business analysis, including ROI case studies and transformation business cases
• Thrives in high-pressure and challenging business environments often working under challenging timelines
• Display entrepreneurial initiative and comfort working in a fast-paced environment. Excellent data management skills.
• Appreciate & encourage diversity of people, ideas & perspectives Strong desire to lead projects, propose innovative solutions, and drive results.

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.

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Expected base pay rates for the role will be between $110,000 and $190,000 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).