Private Banker

Morgan Stanley; Milwaukee (WI); On-site; USD 120,000 - 160,000; Full time

Job summary

Morgan Stanley Milwaukee seeks an experienced Private Banking professional to expand lending solutions and cash management with Financial Advisors. You will develop client strategies and promote Private Banking products across the Branch network.

You will build a sustainable pipeline, tailor credit solutions, and collaborate with Associate Private Bankers to deliver superior service. Strong knowledge of credit products and relationship management are essential.

Qualifications

• Minimum of 7 years of lending business development experience with an investment, commercial or private bank.
• Expert knowledge of credit products including credit cards, residential mortgage products, home equity lines of credit, securities-based loans, high net worth tailored lending products and commercial credit facilities.
• Experience in understanding the financial needs of all types of clients.
• Proven new business development / origination experience with Lending products is required.
• Completion of formal credit training strongly preferred.
• Bachelor’s degree preferred or relevant experience

Responsibilities

• Partner with FAs to provide advice and potential cash management and lending solutions to clients.
• Build product awareness and understanding among Financial Advisors.
• Partner with Financial Advisors to profile their client base, identify and analyze business opportunities and succeed in growing new cash management and lending revenue.
• Build, promote and maintain adequate pipeline of opportunities to meet all Private Banking targets, including, but not limited to production, balances, revenue, Advisor participation, units, etc.
• Establish a reputation of execution and excellence. Gain confidence of FAs to fully develop the cash management and lending opportunities with their clients.
• Develop and present creative and intelligent solutions and advise in structuring client transactions or offer constructive alternatives.
• Partner with the Associate Private Banker(s) to provide FA and their client(s), Private Banking products/solutions, distribution and service support.
• Act as the subject matter expert for FA, Branch and client inquiries on Private Banking products and services.
• Understand competitive environment and develop strategies to retain and win new business.
• Develop and implement product marketing strategies with Branch Management and FA team.
• Work with and communicate effectively with Financial Advisors, Branch Managers, Branch staff and Product partners

Skills

Lending BD

Relationship building

Credit products knowledge

Sales strategy

Communication skills

Client advisory

Education

Bachelor’s degree or relevant experience

Job description

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.

Responsibilities

• Partner with FAs to provide advice and potential cash management and lending solutions to clients
• Build product awareness and understanding among Financial Advisors
• Partner with Financial Advisors to profile their client base, identify and analyze business opportunities and succeed in growing new cash management and lending revenue
• Build, promote and maintain adequate pipeline of opportunities to meet all Private Banking targets, including, but not limited to production, balances, revenue, Advisor participation, units, etc.
• Establish a reputation of execution and excellence. Gain confidence of FAs to fully develop the cash management and lending opportunities with their clients
• Develop and present creative and intelligent solutions and advise in structuring client transactions or offer constructive alternatives
• Partner with the Associate Private Banker(s) to provide FA and their client(s), Private Banking products/solutions, distribution and service support
• Act as the subject matter expert for FA, Branch and client inquiries on Private Banking products and services
• Understand competitive environment and develop strategies to retain and win new business
• Develop and implement product marketing strategies with Branch Management and FA team
• Work with and communicate effectively with Financial Advisors, Branch Managers, Branch staff and Product partners

Qualifications

• Minimum of 7 years of successful lending business development experience with an investment, commercial or private bank
• Expert knowledge of credit products including credit cards, residential mortgage products, home equity lines of credit, securities-based loans, high net worth tailored lending products and commercial credit facilities
• Experience in understanding the financial needs of all types of clients
• Proven new business development / origination experience with Lending products is required
• Completion of formal credit training strongly preferred
• Bachelor’s degree preferred or relevant experience

Skills & Abilities

• Strong relationship building capabilities with Financial Advisors, Branch Managers, Clients, Product Specialists and matrix partners
• Strong understanding of the suite of all 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
• Ability to understand the financial needs of the retail brokerage clientele
• Ability to efficiently, tactfully & professionally screen, manage and/or decline transactions while maintaining FA and client relationships
• Possess excellent business development and marketing skills and desire to consistently achieve top revenue results
• Maintain poise, presence and professionalism with FAs and their affluent clients in the most difficult circumstances
• Demonstrate positive initiative, leadership and comfort working in a fast-paced environment
• Detail orientation with strong organizational and analytical skills
• Ability to train Financial Advisors on product suite
• Possess excellent oral and written communication skills
• Exceptional presentation skills
• Ability to meet deadlines and manage Financial Advisor and client expectations
• Good collaboration skills in a team-oriented environment

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. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.