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 across all channels and segments and significantly increases the scale and breadth of the Wealth Management franchise.
The integration of E*TRADE’s Banking Services provides an endless opportunity for growth and finding synergies. In this regard, the Morgan Stanley U.S. Banks seek an Associate to join the product management team and report to the Deposit Product Manager. The Morgan Stanley U.S. Banks (Morgan Stanley Private Bank, National Association and Morgan Stanley Bank N.A.) offer a range of deposit products including brokerage account sweep deposits via the Bank Deposit Program, as well as Savings, CDs, and Global Currency deposit products for Wealth Management clients. Deposit growth is also an important strategic initiative among other responsibilities.
The Associate will play a key role in advancing the growth and management of Morgan Stanley Bank’s deposit product suite across both the advisor-led and E*TRADE self-directed channels. This role blends project management, analytics, reporting and strategic execution to support firmwide balance growth priorities. The Associate will support initiatives in partnership with cross-functional teams, respond to inquiries from Private Bankers, Financial Advisors, Managers, and other stakeholders, and execute core product management activities. This is a highly collaborative position offering meaningful opportunity to influence deposit strategy, build product expertise, and present insights to senior leadership. Ideal for a motivated, team-oriented individual seeking to develop and grow within the firm.
Responsibilities:
- Support the management and launch of Morgan Stanley Deposit Products across Advised or Self-Directed channel
- Drive project management of new products and/or initiatives from pilot through launch; coordinate cross-functional deliverables across Technology, Operations, Legal, Compliance, Marketing, and Finance
- Provide data & analytics to inform decision-making, monitor financial performance, and develop key performance metrics
- Develop presentations to senior management and regulators to inform pricing and/or product strategies
- Analyze competitive strategies across the industry and synthesize actionable insights
- Prepare financial forecasts for Senior Management
- Draft client communications and collaborate with cross functional partners to develop and implement Deposit Products marketing strategy
- Partner with Risk, Legal, Compliance, and Audit on an ongoing and project-based basis to ensure adherence to rules, regulations and heightened standards
- Support Financial Advisors and Private Bankers in the marketing of all deposit products and the resolution of any escalated client issues
Experience
- 2-4 years of professional experience
- Wealth Management, Management Consulting, and/or project management experience is a plus
- General knowledge of retail and private banking products
- Bachelor’s degree in Finance, Economics, Accounting, or any STEM field
Skills/Abilities
- Strategic and growth-oriented mindset
- Strong problem-solving skills and ability to break down complex problems, perform independent analysis, and produce actional insights
- Advanced proficiency in MS Office (Excel, PowerPoint); knowledge of SQL and other programming languages is a plus
- Strong project management capability; ability to plan and execute multiple workstreams and partners, and keep initiatives moving from concepts to delivery
- 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.
Skills Required
- 2-4 years of professional experience
- Bachelor's degree in Finance, Economics, Accounting, or STEM
- Advanced proficiency in Microsoft Office (Excel, PowerPoint)
- General knowledge of retail and private banking products
- Strong problem-solving and analytical skills
- Strong project management capability; ability to coordinate cross-functional workstreams
- Wealth management or management consulting experience
- Knowledge of SQL and other programming languages
Morgan Stanley Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Morgan Stanley and has not been reviewed or approved by Morgan Stanley.
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Parental & Family Support — Family support is extensive, with paid parental leave for all parents, adoption and fertility assistance, backup childcare, and eldercare resources. Feedback suggests these programs meaningfully enhance the overall package and help with retention.
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Healthcare Strength — Health coverage spans medical, dental, vision, mental‑health access, care navigation, and expert second opinions. Convenient primary care access and condition‑specific support reinforce the depth of healthcare coverage.
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Equity Value & Accessibility — Equity compensation and stock ownership are positioned as core motivators that encourage commitment and retention. Feedback suggests education and support are provided to help participants manage equity and related financial benefits.
Morgan Stanley Insights
What We Do
Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 85 years, the firm’s reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients. Morgan Stanley is committed to maintaining the first-class service and high standard of excellence that have always defined the firm. At its foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide its more than 60,000 employees in 1,200 offices across 41 countries.
