Wealth Management Private Banking Operations - Lending Change the Bank Director
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Department Profile
Global Wealth Management provides services that are tailored to each client's investment objectives, risk tolerance, and financial needs. Products include mutual funds, stocks, bonds, and alternative investments where appropriate, as well as banking, mortgages, insurance and annuities. Operations is one of the largest divisions in the firm and has diverse responsibilities, in particular a continuous focus on seeking ways to improve processes and controls that span front, middle, and back office, while actively supporting the development of new businesses, structures and markets.
Private Banking Operations (PBO) provides Operational support to the Banking and Lending business within Morgan Stanley Wealth Management. As part of their support model, PBO has a dedicated Change the Bank team which is responsible for management of large scale programs across Banking, Lending and Margin / Collateral Management. The team collaborates with stakeholders in Operations, IT, the Business Unit and many other infrastructure teams to analyze, define and deliver Technology and Operational solutions. Members of the team are expected to take leadership roles in their respective programs as well as to take personal accountability for delivering first class solutions and products. The ability to foster and develop strong working relationships with business and IT counterparts is a critical success factor. Background on the Position
This role is to support the VP Lending Lead. They will be responsible for successful delivery of several key initiatives including:
-Tailored Lending Platform Enhancements
-Ongoing strategic enhancements to Liquidity Access Line and Tailored Lending Primary Responsibilities
Key responsibilities include:
-Coordinate engagement of Operations, Technology and Business partner resources and subject matter experts
-Lead and direct project activities, meetings, understand dependencies, and manage timelines
-Manage issues and decisions to timely resolution. Communicate with senior management teams to escalate/resolve project conflicts & needs
-Manage a cohesive plan across all work streams, ensuring a coordinated approach when utilizing client service individuals for input, testing, etc.
-Perform diagnostics/analysis to identify platforms/procedures that require enhancement / streamlining and identify ways to make them more effective
Specific Deliverables include
-Program governance structure
-Detailed plan and associated schedule for the development of technology requirements
-Testing plan and Execution Approach
-Service Model (people, process and technology) requirements for incremental activity on the new platform(s)
-Detailed plan and associated schedule for organizational readiness requirements Qualifications: Qualifications & skills required
-Must possess college degree
-3+ years of experience in program/ project management, process engineering or strategy within a financial services or operations environment
-Knowledge of Wealth Management products and services especially Banking and Lending preferred
-Project management skills: The candidate must have the ability to create practical and comprehensive implementation plans and partner with all levels of management and stakeholders to gain consensus. Experience of managing multiple projects or engagements and their associated budgets is essential.
-Client management and teamwork skills: The candidate must have demonstrated ability in being flexible and working with stakeholders and colleagues at all experience levels. Experience of engaging and influencing senior leaders within the organization is essential.