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New Job Associate Private Banker In New York

Associate Private Banker
Associate Private Banker

Associate Private Banker

Company : Morgan Stanley
Salary : Details not provided
Location : New York

Full Description

Associate Private Banker

Job Number:


POSTING DATE: Jan 13, 2022
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Bachelor's Degree
JOB: Wealth Management
JOB LEVEL: Assistant Vice President


Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management, and Asset Management. Wealth Management provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit & lending, deposits & cash management, annuities, insurance, retirement and trust services.

We are seeking a high potential candidate (“Associate Private Banker” or “APB”) to join our National 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


    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
    SIE, Series 7, and Series 63 licenses required or to be obtained within 90 days of employment start date

    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