Deposit Product Analyst

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 worlds largest networks of Financial Advisors with offices across the United States. Morgan Stanley acquired ETRADE 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 changing macroeconomic environment and integrated firm strategy provides an endless opportunity for growth. 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 ETRADE self-directed channel. To help meet the Firms 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; provide analytics support to define deposits growth strategy respond to inquiries from Private Bankers Advisors Managers and others; and execute routine product management 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 develop presentations to senior management to inform pricing and/or product strategies

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 Consulting Corporate Strategy and/or project management experience is a plus

General knowledge of retail and private banking products

Bachelors degree in Finance Economics Accounting or other STEM fields

Skills/Abilities

Strong analytical & critical thinking skills

Excellent verbal and written communication skills

Proficiency is MS Office (Excel PowerPoint Access)

SQL/Data Analysis skills are not required but highly preferred

Appreciate & encourage diversity of people ideas & perspectives

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 - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres 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 $58000 and $115000 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 Stanleys 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).