Deposit Operations Associate Jobs in New York (NOW HIRING)

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, significantly increasing the scale and breadth of the franchise.

The recent integration of E*TRADE's Banking platform provides an endless opportunity for growth. The Deposits and Cash Management Team designs, delivers, and maintains products and services across Morgan Stanley, Digital Direct, and MS@Work channels and platforms to help clients manage their cash needs from transactional cash (e.g., Bank Checking) to cash saved for a specific purpose (e.g., Savings) as well as cash as part of a strategic portfolio allocation (e.g., Certificates of Deposit). The team also oversees banking services that support deposit products and cash management (e.g., debit cards, check writing)

Deposit & Cash Management is seeking an Associate to join the product management team reporting to the Shared Bank Services Program Manager. The Associate will help the team optimize many of the foundational experiences and processes across deposit products from account opening through to closure and to grow and manage the host of deposit products offered by Morgan Stanley Private Bank. 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 Associate will also execute product initiatives in collaboration with internal and external functional partners 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 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, Finance as well as External Vendors, to launch and implement new initiatives Experience 2-3 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 in MS Office (Excel, PowerPoint, Access) Appreciate & encourage diversity of people, ideas & perspectives WHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 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. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser

Expected base pay rates for the role will be between $58,000 and $115,000 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.

Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.