Morgan Stanley

Associate Private Banker

Morgan Stanley$85K — $140K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • At least 3 years of experience in investment, commercial, or private banking
  • Minimum of 2 years in client service, business development, or Sales Desk roles
  • Proven understanding of diverse financial client needs
  • Bachelor's degree preferred or equivalent experience

Responsibilities

  • Collaborate with Private Bankers to identify client cash management and lending needs
  • Support Private Bankers with Private Banking products and client services
  • Establish a reputation of excellence to build confidence among Financial Advisors and Private Bankers
  • Assist in creating and implementing effective marketing campaigns
  • Maintain marketing pipelines to ensure revenue goals are met
  • Communicate product and policy updates to Financial Advisors and branch staff
  • Foster effective communication and collaboration with cross-functional teams

Benefits

  • Access to Morgan Stanley sponsored benefit programs
  • Potential for commission earnings and incentive compensation
  • Opportunity for discretionary bonuses
  • Participation in short and long-term incentive packages
Full Job Description
We are seeking a high potential candidate ("Associate Private Banker" or "APB") to join our Sales Team in the Private Banking Group. The Associate Private Banker will provide product and service support for the Private Bankers in the region as well as the Region Manager.

Job Description/Position Responsibilities
  • Partner with Private Banker(s) and Advisors to assess opportunities and provide suitable cash management and lending solutions for their clients
  • Partner with their Private Banker(s) to provide FA and their client(s), Private Banking products/solutions, distribution and service support
  • Establish a reputation of execution and excellence. Gain confidence of FAs and Private Bankers to fully develop the cash management and lending opportunities with their clients
  • Assist in developing and implementing marketing campaigns
  • Assist in the development and maintain adequate marketing pipelines to meet revenue targets.
  • Communicate new product and policy enhancements to FAs and branch staff
  • Work with and communicate effectively with Financial Advisors, Branch Managers & staff, Private Bankers & Product partners


Qualifications:
  • Minimum of 3 years of experience with an investment, commercial or private bank
  • 2 years of client service, business development and/or Sales Desk experience
  • Experience in understanding the financial needs of all types of clients
  • Bachelor's degree preferred, or relevant work experience


Skills/Abilities:
  • Strong knowledge of cash management and lending products including bank deposits, certificates of deposits, credit cards, residential mortgage products, home equity lines of credit, securities-based loans, high net worth tailored lending products & commercial credit products
  • Excellent verbal and written communication skills
  • Possess excellent relationship building, business development and service skills and have the desire and drive to consistently achieve top quartile results
  • Ability to understand the financial needs of the retail brokerage clientele
  • Maintain poise, presence and professionalism with FAs and their affluent clients in the most difficult circumstances
  • Software proficiency (e.g., Word, Excel, PowerPoint)
  • Demonstrate positive initiative, leadership and comfort working in a fast-paced environment
  • Strong interpersonal collaboration and team skills including working with cross-functional teams


Expected base pay rates for the role will be between $85,000 and $140,000 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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

About Morgan Stanley

Morgan Stanley Investment Management are active managers of capital, working to outperform the market and deliver results for their clients. Morgan Stanley Investment Management's long-tenured professionals apply their experience and expertise across public and private markets, in single-sector, multi-asset and custom solutions.

Morgan Stanley Careers

Joining Morgan Stanley today means becoming part of a global team dedicated to strengthening communities, pioneering innovation, and fostering diversity. As a leading global financial services firm, Morgan Stanley offers unparalleled job opportunities, career growth, and a culture of leadership that together create an exceptional employment experience. Work You’ll Do At Morgan Stanley, you will collaborate with knowledgeable professionals to drive innovation and deliver solutions in financial services. Our team is composed of diverse, talented individuals who bring their unique skills and perspectives to work every day, setting the standard for leadership in the global market. Morgan Stanley is not just a company; it's a place where ambitious, creative, and skilled individuals can build a rewarding career. Here, you can experience the benefits of a vibrant culture dedicated to professional growth and diversity training. Internship Programs Kickstart your career with Morgan Stanley’s internship programs. These positions offer invaluable industry insights and professional experience to students and recent graduates. Interns at Morgan Stanley gain hands-on experience, working alongside seasoned experts in a dynamic, supportive environment. Innovation and Professional Growth We believe in the power of innovation to solve complex problems and encourage our team to think differently and act boldly. Morgan Stanley supports your career development through comprehensive training, development programs, and leadership workshops, ensuring that every employee has the tools they need to succeed. Join Our Team Explore the various job opportunities at Morgan Stanley, from entry-level positions to executive roles. We are hiring individuals who are passionate about finance and eager to contribute to a team that values integrity, excellence, and a forward-thinking mindset. Enhance your skills through our networking events, mentorship opportunities, and ongoing professional development. Stay Connected Keep up to date with the latest from Morgan Stanley Careers by subscribing to our job alert emails. Tailor your preferences to receive updates about new postings, career tips, and exclusive insights from our team leaders. Apply Now Ready to take the next step in your career? Search open positions that match your skills and interests on the Morgan Stanley Jobs portal. Prepare your resume, refine your interview techniques, and join a company that values innovation and leadership. At Morgan Stanley, we’re not just building careers—we’re developing leaders. Discover how far your talents can take you by joining our team today.
Learn more about Morgan Stanley
Size
77,000 employees
Market Cap
$144.1 billion
Industry
Net Income
$10.9 billion
Founded
1935
5 Year Trend
+10%
Revenue
$52 billion
NASDAQ

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