Morgan Stanley (MS) is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management, and Asset Management. Wealth Management provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit & lending, deposits & cash management, annuities, insurance, retirement, and trust services.
The Private Banking Group (PBG) Distribution team is seeking a high potential candidate reporting to the Guardianship Director. This role is focused on ensuring Private Banking Group Sales Team (PBG ST) employs and follows best practices to maximize business efforts in full compliance with both the letter and spirit of applicable rules, regulations, and internal policies and procedures, to deliver first-class business in a first-class way to the Bank's clients.
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Job Description/Position Responsibilities
- Assist in the development and implementation of a strong guardianship culture within the Private Banking Sales Team, ensuring adherence to regulatory standards, ethical practices, and risk principals.
- Assist in the development and implementation of oversight controls, training, policies, procedures and monitoring for all significant sales business development strategies, initiatives and/or projects.
- Ensure oversight structure, controls, procedures, policies, etc. are developed and adhered to in compliance with all Firm and regulatory policies and guidelines for PBGST.
- Develop strong partnerships with Wealth Management legal, compliance, risk, product, and sales business development team.
- Educate and train PBGST employees on best practices and methods of business execution commensurate with guardianship and compliance goals.
- Assist in addressing operational risk-related issues involving or impacting PBGST employees.
- Monitor changes in rules, regulations, and internal policies and procedures to ensure proper communication and training to and compliance by PBGST employees.
- Assist in updating sales procedure/operational manuals based on trends, findings, updates to rules, regulations and internal policies and procedures.
Required Experience:
- Bachelor's Degree or higher
- 7+ years of experience in audit, legal/compliance, banking and lending product risk advisory or operational risk management
- Strong understanding of the banking and lending operational risk, legal and regulatory environment
- Broad knowledge of lending and deposit product risks including risks related to residential mortgage, securities-based lending, and deposit products.
Skills/Abilities:
- Strong organizational, project management and analytical skills
- Effective written and verbal communication skills
- Demonstrate exceptional relationship building, business development, and service skills, with a strong commitment to achieving consistent and measurable results.
- Ability to work with and present to senior management.
- Exhibit strong interpersonal and teamwork skills, including the ability to collaborate effectively with cross-functional teams.
- Ability to execute in a fast paced, high demand environment while balancing multiple priorities and tasks concurrently in an efficient and effective manner.
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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between $110,000 and $185,000 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).