Morgan Stanley
Vice President Private Banker
Morgan Stanley, Los Angeles, California, United States, 90079
Vice President Private BankerJob Number:
3257609
POSTING DATE:
Sep 16, 2024
PRIMARY LOCATION:
Americas-United States of America-California-Los Angeles
EDUCATION LEVEL:
Bachelor's Degree
JOB:
Private Banking
EMPLOYMENT TYPE:
Full Time
JOB LEVEL:
Vice President
DESCRIPTIONMorgan 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.
We are seeking a high potential candidate (“Private Bankers” or “PB”) to join our Sales Team in the Private Banking Group. The Private Banker will build Advisor product awareness and understanding of the full cash management and lending platform within their assigned office(s).
Position Responsibilities
Partner with FAs to provide advice and potential cash management and lending solutions to clients.
Build product awareness and understanding among Financial Advisors.
Partner with Financial Advisors to profile their client base, identify and analyze business opportunities and succeed in growing new cash management and lending revenue.
Build, promote and maintain an adequate pipeline of opportunities to meet all Private Banking targets.
Establish a reputation of execution and excellence. Gain confidence of FAs to fully develop the cash management and lending opportunities with their clients.
Develop and present creative and intelligent solutions and advise in structuring client transactions or offer constructive alternatives.
Partner with the Associate Private Banker(s) to provide FA and their client(s) Private Banking products/solutions, distribution and service support.
Act as the subject matter expert for FA, Branch and client inquiries on Private Banking products and services.
Understand competitive environment and develop strategies to retain and win new business.
Develop and implement product marketing strategies with Branch Management and FA team.
Work with and communicate effectively with Financial Advisors, Branch Managers, Branch staff and Product partners.
QUALIFICATIONSExperience:
Minimum of 7 years of successful lending business development experience with an investment, commercial or private bank.
Expert knowledge of credit products including credit cards, residential mortgage products, home equity lines of credit, securities-based loans, high net worth tailored lending products and commercial credit facilities.
Experience in understanding the financial needs of all types of clients.
Proven new business development/origination experience with Lending products is required.
Completion of formal credit training strongly preferred.
Bachelor’s degree preferred or relevant experience.
Skills/Abilities:
Strong relationship building capabilities with Financial Advisors, Branch Managers, Clients, Product Specialists and matrix partners.
Strong understanding of the suite of all cash management and lending products.
Ability to understand the financial needs of the retail brokerage clientele.
Ability to efficiently, tactfully & professionally screen, manage and/or decline transactions while maintaining FA and client relationships.
Possess excellent business development and marketing skills and desire to consistently achieve top revenue results.
Maintain poise, presence and professionalism with FAs and their affluent clients in the most difficult circumstances.
Demonstrate positive initiative, leadership and comfort working in a fast-paced environment.
Detail orientation with strong organizational and analytical skills.
Ability to train Financial Advisors on product suite.
Possess excellent oral and written communication skills.
Exceptional presentation skills.
Ability to meet deadlines and manage Financial Advisor and client expectations.
Good collaboration skills in a team-oriented environment.
Expected base pay rates for the role will be between $120,000 and $180,000 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.
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.
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).
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3257609
POSTING DATE:
Sep 16, 2024
PRIMARY LOCATION:
Americas-United States of America-California-Los Angeles
EDUCATION LEVEL:
Bachelor's Degree
JOB:
Private Banking
EMPLOYMENT TYPE:
Full Time
JOB LEVEL:
Vice President
DESCRIPTIONMorgan 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.
We are seeking a high potential candidate (“Private Bankers” or “PB”) to join our Sales Team in the Private Banking Group. The Private Banker will build Advisor product awareness and understanding of the full cash management and lending platform within their assigned office(s).
Position Responsibilities
Partner with FAs to provide advice and potential cash management and lending solutions to clients.
Build product awareness and understanding among Financial Advisors.
Partner with Financial Advisors to profile their client base, identify and analyze business opportunities and succeed in growing new cash management and lending revenue.
Build, promote and maintain an adequate pipeline of opportunities to meet all Private Banking targets.
Establish a reputation of execution and excellence. Gain confidence of FAs to fully develop the cash management and lending opportunities with their clients.
Develop and present creative and intelligent solutions and advise in structuring client transactions or offer constructive alternatives.
Partner with the Associate Private Banker(s) to provide FA and their client(s) Private Banking products/solutions, distribution and service support.
Act as the subject matter expert for FA, Branch and client inquiries on Private Banking products and services.
Understand competitive environment and develop strategies to retain and win new business.
Develop and implement product marketing strategies with Branch Management and FA team.
Work with and communicate effectively with Financial Advisors, Branch Managers, Branch staff and Product partners.
QUALIFICATIONSExperience:
Minimum of 7 years of successful lending business development experience with an investment, commercial or private bank.
Expert knowledge of credit products including credit cards, residential mortgage products, home equity lines of credit, securities-based loans, high net worth tailored lending products and commercial credit facilities.
Experience in understanding the financial needs of all types of clients.
Proven new business development/origination experience with Lending products is required.
Completion of formal credit training strongly preferred.
Bachelor’s degree preferred or relevant experience.
Skills/Abilities:
Strong relationship building capabilities with Financial Advisors, Branch Managers, Clients, Product Specialists and matrix partners.
Strong understanding of the suite of all cash management and lending products.
Ability to understand the financial needs of the retail brokerage clientele.
Ability to efficiently, tactfully & professionally screen, manage and/or decline transactions while maintaining FA and client relationships.
Possess excellent business development and marketing skills and desire to consistently achieve top revenue results.
Maintain poise, presence and professionalism with FAs and their affluent clients in the most difficult circumstances.
Demonstrate positive initiative, leadership and comfort working in a fast-paced environment.
Detail orientation with strong organizational and analytical skills.
Ability to train Financial Advisors on product suite.
Possess excellent oral and written communication skills.
Exceptional presentation skills.
Ability to meet deadlines and manage Financial Advisor and client expectations.
Good collaboration skills in a team-oriented environment.
Expected base pay rates for the role will be between $120,000 and $180,000 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.
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.
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).
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