Product Manager, Portfolio Margin Offering - Wealth Management Platforms – at Morgan Stanley

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

10 Apr, 26

Salary

190000.0

Posted On

10 Jan, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Product Management, Risk Management, Data Modeling, Analytical Skills, Option Pricing Models, Client Facing Applications, Problem Solving, Business Requirements, Functional Requirements, Project Management, Stakeholder Engagement, User Experience, Trading Risk Management, Growth Strategy, Market Analysis, Revenue Generation

Industry

Financial Services

Description

Product Manager, Portfolio Margin Offering - Wealth Management Platforms - Vice President Location: Chicago / Purchase We're looking for a senior leader to be part of the team in charge of the new phase of growth in the niche offering of Portfolio Margin. You will work with the Risk Management teams to build the next generation of Products that will enable the firm to manage Trading risk more effectively. The candidate is expected to articulate a clear strategy for the path forward, and get buy in with all the key stakeholders in Risk, Product, Sales and Service and Legal and Compliance teams The desired candidate should be a self-starter, a problem solver and must be driven to solve complex business issues. About Morgan Stanley 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. Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow. Department Overview In the Wealth Management division, we help people, businesses and institutions build, preserve, and manage wealth so they can pursue their financial goals More than 30 years ago, E*TRADE pioneered the online brokerage industry by executing the first-ever electronic individual investor trade. While the landscape of our industry has changed dramatically, our culture of innovation and drive to make online trading accessible to everyone continues to drive us forward. We believe in challenging the status quo, fostering an environment of curiosity and learning, and, above all, putting our customers first. What you'll do in the role: Work with leadership and stakeholders to articulate a clear growth plan with actionable roadmap of deliverables Socialize the plan with the broader organization to gain acceptance Define the client journey to create user persona that will allow the firm to gain a deeper understanding of how these clients interact with the Product, what tool do they do they use, what is their trading pattern etc Leverage findings to guide the design and building of the next set of Product features aimed at capturing market shares and creating stickiness with current customers Utilize strong analytical skills to identify, evaluate and define complex systems. Create product artifacts (business requirements, functional requirements, migration plans, communication plans, project updates for senior management) and gain approval from business and technology leaders Work with Partners in Risk, Sales and Service, UX and channels teams to create the best experience for this group of highly sophisticated clients Drive forward the next phase of growth of a product with high potential to new height but in a very strategic and thoughtful way. Work with Risk teams to understand their unique needs and help them build the next generation of tools to help the firm manage risk Skills Required: Minimum of 9 years of transferrable experience across work and higher education. Proven track record of building and launching new products for retail clients and/or internal stakeholders. Deep knowledge of Option pricing models and associated risk management Ability to synthetize and model large data set to extract valuable information that can help deepen understanding of the risk or uncover insight to help better manage the product Experience building and launching client facing applications Experience managing a revenue generating product Risk Management and data modeling is highly desirable 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 - 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. Illinois Salary range for the position: $110,000 and $190,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings. New York Expected base pay rates for the role will be between $110,000 and $190,000 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).

Responsibilities

The Product Manager will work with leadership and stakeholders to develop a growth plan and define the client journey for the Portfolio Margin offering. They will also collaborate with various teams to create product features that enhance client engagement and manage trading risk effectively.