PWM Market Business Service Officer at Morgan Stanley

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

05 Apr, 26

Salary

215000.0

Posted On

05 Jan, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Leadership, Attention To Detail, Relationship Management, Communication, Problem Solving, Organizational Skills, Time Management, Conflict Resolution, Judgment, Strategic Thinking, Talent Sourcing

Industry

Financial Services

Description

Market Business Service Officers (MBSO) are responsible for shaping the future of service by modernizing our client experience through an elevated standard of care. The Market Business Service Officer (MBSO) will work closely with the Market Management Team to lead and supervise all service and business functions across the market. This includes the management of the Business Service Officers and Service Managers within the market. The Market Business Service Officer is responsible for leading and driving the Firm’s key strategic initiatives, contributing to a strong market culture, development of employees, ensuring a high level of client service, and general oversight of operational processes. The MBSO keeps the Market Management Team and Regional Business Service team informed of significant matters and must determine when escalation is necessary. DUTIES and RESPONSIBILITIES: Leadership and Supervision • Lead the market in executing the organization’s strategic priorities by influencing and coaching behavioral change • Lead, mentor, and supervise a team of Business Service Officers, Service Managers and Service Professionals • Review and oversee the market procedure for onboarding new hires, including newly recruited Financial Advisors and their Support Professionals in conjunction with the Market Service Coaches • Ensure Service Professionals are being recognized and rewarded within the market • Oversee various projects throughout the market, including various real estate and facilities initiatives • Manage risk and assure positive audit results throughout the market in partnership with Risk and Compliance • Champion and support diversity & inclusion Communication and Relationship Building • Maintain strong relationships with key partners within the Market, Region and Home Office • Facilitate and oversee resolution of client needs across the market • Act as liaison between the Market and various Home Office departments within the Firm as necessary (e.g., spearheading various platform pilots and/or national rollouts locally within the market) • Actively participate in Regional and National calls and stay abreast of key topics in order to effectively cascade communications within the market • Conduct meetings to effectively communicate progress against strategic priorities, revisions to policies and procedures, upcoming platform enhancements, share best practices, foster open dialogue on timely topics, and promote teamwork within the market • Partner closely with Human Resources regarding all aspects of people management Operational Oversight • Standardize operating procedures across the market, leveraging national best practices and guidance • Accountable for market expense management, including but not limited to controllable budgets and headcount allocations • Review and action various market approvals requiring attention • Administer other duties delegated by the Market Management Team or Regional Business Service team • Ensure compliance with Firm policies and procedures with regular self-audit testing EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS: Education and/or Experience • Bachelor’s degree required or equivalent education • Previous industry management experience • Active Series 7 (GS), Series 9 and Series 10 (SU), and Series 66 (AG/RA) or Series 63 (AG) and Series 65 (RA) required • Other licenses as required for role or by management Knowledge/Skills • Evidence of strong leadership capabilities • Strong attention to detail • Ability to manage relationships, motivate and lead groups of people at various levels • Effective written and verbal communication skills • Ability to prioritize and resolve complex problems and escalate as necessary • Ability to provide comprehensive feedback and solutions to complex issues • Exceptional organizational and time management skills including delegation of work • Exceptional conflict resolution skills • Exhibit good judgment • Ability to think and execute strategically • Ability to travel within the Market, Region, and Home Office as needed • Ability to identify and source top talent Reports to: • Associate Regional Business Service Officer with a dotted line to the Market Manager Direct reports: • Business Service Officers, Service Managers (and select, senior exempt Support Professionals) 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. Expected base pay rates for the role will be between $170,000 - $215,000 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 Market Business Service Officer is responsible for leading service and business functions across the market, managing a team of Business Service Officers and Service Managers. They also oversee operational processes, ensure high client service levels, and drive strategic initiatives.