What are the responsibilities and job description for the Vice President Product Management – Portfolio Margin Offering position at Morgan Stanley?
Overview
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.
Summary
E*TRADE Financial is looking for highly energized, dynamic Product Management professionals who are ready to join a fast-paced, world leader in the financial services industry. We move at the speed of the Internet. Our work culture fosters an incredible exposure to innovative ideas and challenges that create experience and opportunity. Many have risen through the organization to become industry leaders, in both the financial services world and in the community at large. E*TRADE is made up of some of the brightest and most talented people in the industry - are you ready to join the industry leader?
The desired candidate should be a self-starter, a problem solver and must be driven to solve complex business issues.
Description
E*TRADE Financial is looking for a seasoned professional with extensive experience in Product Management and more specifically experience with Brokerage and Risk related Products.
The ideal candidate must have a proven track record of building and launching new products for retail clients and/or internal stakeholders. Relevant experience in the field of Risk Management and data analytics is highly desirable
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 and also work with the Risk Management teams to build the next generation of Products that will enable the firm to manage Trading risk more effectively. This leader is expected to drive forward the next phase of growth of a product with high potential to new height but in a very strategic and thoughtful way. 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
Responsibilities
Basic
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.
Salary range for the position: $110,000 - 180,000 Yr. 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.
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).
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.
Summary
E*TRADE Financial is looking for highly energized, dynamic Product Management professionals who are ready to join a fast-paced, world leader in the financial services industry. We move at the speed of the Internet. Our work culture fosters an incredible exposure to innovative ideas and challenges that create experience and opportunity. Many have risen through the organization to become industry leaders, in both the financial services world and in the community at large. E*TRADE is made up of some of the brightest and most talented people in the industry - are you ready to join the industry leader?
The desired candidate should be a self-starter, a problem solver and must be driven to solve complex business issues.
Description
E*TRADE Financial is looking for a seasoned professional with extensive experience in Product Management and more specifically experience with Brokerage and Risk related Products.
The ideal candidate must have a proven track record of building and launching new products for retail clients and/or internal stakeholders. Relevant experience in the field of Risk Management and data analytics is highly desirable
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 and also work with the Risk Management teams to build the next generation of Products that will enable the firm to manage Trading risk more effectively. This leader is expected to drive forward the next phase of growth of a product with high potential to new height but in a very strategic and thoughtful way. 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
Responsibilities
- 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
- 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
- Data Analytics and Risk Management
- 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
- Work with Risk teams to understand their unique needs and help them build the next generation of tools to help the firm manage risk
- Lead a team of talented Product Manager with day to day management responsibilities and associate development
- Brokerage services knowledge.
Basic
- 7 - 10 years of experience in Product Management, and or Risk Management with proven track record of building Risk Tools geared towards option traders
- Experience managing the definition and execution of projects (conceptualization, requirements, design, development, testing, and implementation).
- Excellent knowledge of options valuation and associated Risk Management
- Extremely comfortable with data modeling and analytics
- Experience building and launching client facing applications
- Experience managing a revenue generating product
- Risk Management and data modeling is highly desirable
- Prior consulting experience in Management, Strategy, or Risk Management is considered a plus
- Superior analytical, interpersonal, communication (written, verbal, and technical), presentation, negotiation and problem-solving skills.
- Self-motivated, detailed-oriented, team player, and organized.
- Prior experience leading high performing teams and experience working in a team-oriented, collaborative environment.
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.
Salary range for the position: $110,000 - 180,000 Yr. 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.
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).
Salary : $110,000 - $180,000
