Product Manager, Retail Banking & Cash Management - Vice President

Morgan Stanley is a global financial services leader with three core businesses: Wealth Management, Investment Management and Institutional Securities. The Wealth Management business unit comprises one of the world’s largest networks of Financial Advisors with offices across the United States, and the Morgan Stanley Private Banking Group plays a key role in executing on the Wealth Management strategy.

Morgan Stanley Private Banking Group’s Deposits and Cash Management Product Management team is responsible for a range of retail bank deposit and cash management solutions, including Bank Checking Accounts on the E*TRADE platform and CashPlus Brokerage Accounts on the Morgan Stanley platform. The team is focused on enhancing its core product offerings, deepening relationships with existing clients, growing deposits across channels and expanding the product portfolio to address evolving client needs.

The Opportunity

Morgan Stanley is seeking a Product Manager to join its Deposits and Cash Management team and help shape the evolution of retail banking and cash management capabilities across Wealth Management.

This role spans product strategy, development and execution, with the opportunity to identify and evaluate new opportunities, translate client and business needs into product solutions, and drive initiatives from concept through launch and optimization. The successful candidate will combine strategic thinking, strong product management, analytical rigor and execution discipline to independently lead meaningful initiatives, capabilities and workstreams, solve complex problems, and deliver client and business impact in partnership with teams across the organization.

Key Responsibilities:

• Support product strategy and roadmaps, informed by client needs, business priorities and market trends.
• Identify and evaluate product opportunities using client insights, market intelligence and performance data.
• Translate client and business needs into product solutions, requirements and measures of success.
• Drive new capabilities and enhancements from concept through launch and optimization.
• Manage assigned initiatives, capabilities and workstreams, with a strong understanding of client experience, performance and economics.
• Monitor and optimize product performance to improve client experience, adoption and growth.
• Develop business cases and recommendations, balancing client value, business impact, feasibility and risk.
• Independently drive complex cross-functional initiatives, managing milestones, dependencies, risks and decisions.
• Develop compelling, senior-management-ready recommendations and presentations that drive alignment and decision-making.

• Serve as a product subject-matter expert, resolving complex issues and identifying broader product, journey and process improvements.
• Drive resolution of complex product and escalated client issues in partnership with Financial Advisors, Private Bankers, and the Client Service Center.

Experience:

• 5 to 8 years of relevant experience in product management, product strategy, product development, banking, cash management, financial services or a related field.
• Demonstrated experience managing products or complex initiatives from problem definition through launch and optimization.
• Experience using data, client insights and market intelligence to evaluate opportunities and develop product recommendations or business cases.
• Proven ability to translate client and business needs into product strategies, requirements and roadmaps.
• Experience driving cross-functional initiatives and influencing stakeholders across business, technology, operations and control functions.
• Bachelor’s degree in Finance, Economics, Accounting, or a related field. Liberal arts degrees are also welcomed.

Skills/Abilities:

• Product Management: Strong command of the product lifecycle, from discovery and prioritization through launch and optimization.
• Strategic Thinking: Ability to structure ambiguous problems, evaluate alternatives and develop clear, fact-based recommendations.
• Analytical & Commercial Judgment: Ability to synthesize data and insights, assess trade-offs and translate analysis into action.
• Initiative & Independence:  Self-starter who takes ownership and independently drives work forward with limited direction.
• Client Focus: Ability to translate client needs into practical, differentiated product solutions and experiences.
• Influence & Collaboration: Ability to build alignment and drive outcomes across matrixed teams without formal authority.
• Communication & Storytelling: Strong communicator who can create compelling narratives and polished, executive-ready PowerPoint presentations.
• Proficiency in MS Office (Outlook, Excel, PowerPoint, Access).

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.

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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 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.

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