Non Producing, Branch Manager

Socket.dev; Main Street (CA); On-site; USD 190,000 - 200,000; Full time

Job summary

Morgan Stanley is seeking a Branch Manager to lead a high-performing team, drive revenue growth, and manage risk within the local wealth management branch.

The role emphasizes recruitment and retention of Financial Advisors, strategic leadership, and ensuring compliance with regulations while delivering superior client service.

Qualifications

• 5+ years of related experience managing a substantial branch office or equivalent.
• Active Series 7, 8 (or 9 and 10), 66 (or 63 and 65) and 3 registrations (Series 31 acceptable if branch conducts managed futures business)
• Clear regulatory and ethical standards for financial services environments.

Responsibilities

• Drive revenue, increase profit before taxes, and manage risk within the branch.
• Recruit and retain Financial Advisors; build cohesive teams and provide leadership.
• Ensure compliance with all Federal, State, and Local laws and regulations and internal supervisory procedures.
• Mentor Financial Advisors to drive results and develop branch leadership.

Skills

Communication skills

Critical thinking

Team leadership

Attention to detail

Stakeholder management

Project ownership

Prioritization skills

Education

Experience in branch management

Job description

POSITION SUMMARY:

The primary focus of the role is to drive revenue, increase profit before taxes, and manage risk within their branch. Job functions also includemaintaininga superior and consistent level of client service, developing cohesive teams, providing consistent leadership, and assuming accountability for the Branch’s results. In addition, a large emphasis will be placed on the recruitment and retention of Financial Advisors. Non-producing Branch Managers mustbe responsible forfiscal management, personnel management and morale, business ethics and practices, and compliance with all Federal, State, and Local laws and regulations. The Non-Producing Branch Manager will reportintothe Market Executive.

DUTIES and RESPONSIBILITIES:

Product/Business Knowledge:

• Has a thorough understanding of the Firm’s products and those of its strategicpartners;uses this knowledge to provide resources and directionin order todrive sales.
• Knows where the resources are; able to direct the sales force to the right resources in an efficient manner as to make the sales process more efficient.
• Effectively applies product/business knowledge to recruiting efforts; able to “translate” competitor offerings into Morgan Stanley Wealth Managementproducts, andunderstand and explain how a recruit will be able to continue to help meet their clients’ needs.

Sales/Marketing:

• Seeks opportunities to grow business and drive sales by capitalizing on firm initiatives; focuses on building strong relationships with corporate departments and strategic partners to achieve the marketing efforts of the Branch.
• Drives corporate marketing initiatives to help increase market share inHigh Net Worthhouseholds.

Team Building:

• Builds effective teams by constantly communicating relevant information ona timelybasis and conducting regular meetings.
• Participates in Region and Market initiatives, including sales, hiring, recruitment, diversity, and community outreach.
• Responsible for growing their branch through hiring, lateralrecruitingand training.

Leadership:

• Leads by example by ensuring that the Branch Manager’s office is consistently achieving the objectivesof the US Wealth ManagementGroup,maintainsa positive morale, has a strongtrack recordof growth, has ethical business practices, anddemonstratesa commitment to diversity and respect for others.
• Leads proactively by identifyingtrends, potential areas of growth and weakness and addressing these areasin order topositively position the Region within the geographic market.
• Leads Branch effortsofSales andresults.
• Identifies key talent in the Branch, positions and develops that talent, and encourages those individuals toparticipatein the leadership of the Branch and Region.
• Leverages the resources of the Firm to achieve the highest level of success.
• Acts as a coach and mentor for Financial Advisorsin order todrive results.

Accountability:

• Accountable for the Branch’s sales performance and financial performance.
• Responsible for regulatory, legal and compliance issuesincluding:Risk management for the Branchin regards tomonitoring sales, human resources, and legal and regulatory practices.
• Responsible forestablishinga core compliance model in offices under supervision.
• Responsible for following supervisory procedures as outlined in the Branch Manager’s Supervisory Manual
• Responsible for executing the Annual Supervisory Plan.
• Responsible for effectively communicating the status of performance and issues to the Market Executive

Educationand/or Experience

• 5 or more years of related experience and/or training includingdemonstratedsuccess managing a substantial branch office or equivalent.

Licenses andRegistrations

• Active Series 7, 8 (or 9 and 10), 66 (or 63 and 65) and 3 registrations (Series 31 acceptable if branch conducts managed futures businessonly)
• Other licenses asrequiredfor role or by management

Skills

• Effective written and verbal communication skills
• Ability to think critically
• Ability to manage a team
• Strong attention to detail
• Ability to interact with senior management team, Financial Advisors, support staff,clientsand corporate and field personnel as needed
• Ability to own projects at a Branch level
• Ability to organize and prioritize work, meet deadlines, and complete projects

Reports to:

• Direct: Market Executive

Direct Reports:

• Financial Advisors, Branch Support Staff, and in some circumstances Resident Manager and/or Producing Branch Managers.
• This list is meant to be directional and should not be considered complete, as it may be supplemented on an as needed basis.

*All candidates should verify that they meet the minimum eligibility requirements prior to applying.

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 $190,000 and $200,000 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.