Sr. UHNW Sales Specialist - Executive Director

625 Morgan Stanley Private Bank,NA; San Francisco (CA); On-site; USD 150,000 - 250,000; Full time

Job summary

Morgan Stanley Private Bank, NA is seeking a Senior Ultra High Net Worth Sales Specialist to collaborate with Private Bankers and Financial Advisors, driving growth in UHNW lending and deposit solutions. The role involves profiling client bases, developing business plans, and guiding advisors to increase new banking revenue across assigned markets.

Travel is expected to be approximately 35%. A Bachelor's degree is required with 7–10 years in private/commercial banking; advanced degrees are

Qualifications

• Bachelor's Degree required; Advanced degree preferred.
• Minimum 7-10 years of experience in private banking or commercial banking in lending origination and credit analysis.
• Proven new business development / origination experience with Lending products is required.
• Advanced knowledge of UHNW credit solutions including securities-based loans, residential mortgage products, home equity lines of credit, and commercial real estate lending.
• Strong understanding of UHNW liquidity management, deposit gathering and tailored lending strategies.
• Experience in understanding the financial needs of all types of clients; influence business development initiatives across multiple advisors and branches.

Responsibilities

• Partner with Private Banker and Financial Advisor/Private Wealth Advisor to support private banking products for UHNW clients and prospects.
• Identify market trends, advisor engagement opportunities and business development initiatives to support regional growth.
• Lead advisor engagement efforts to profile client bases, identify opportunities and increase adoption of UHNW lending and deposit solutions.
• Serve as a subject matter expert for UHNW lending and deposit solutions, providing education and guidance to advisors and clients.
• Lead execution of UHNW deposit initiatives within assigned markets by partnering with advisors and market leadership.
• Collaborate with internal deposit teams to structure sophisticated client depository strategies for UHNW clients.

Skills

UHNW lending

Private banking

Business development

Credit analysis

Relationship management

Education

Bachelor's degree

Advanced degree preferred

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. Morgan Stanley Private Bank, NA is seeking a high potential candidate to help grow our Sales Ultra High Net Worth team serving this client segment (UHNW). The Senior Ultra High Net Worth Sales Specialist will collaborate with Private Bankers and Financial Advisors/Private Wealth Advisors in order to further enhance the UHNW client segment by providing support in the areas of business development and lending.

Job Description/Position Responsibilities:

• Partner with Private Banker and Financial Advisor/Private Wealth Advisor to support the Firm's goal of providing private banking products to Ultra High Net Worth clients and/or prospects.
• Partner with the Regional Sales Manager to identify market trends, advisor engagement opportunities and business development initiatives that support regional growth objectives.
• Establish a reputation of execution and excellence while maintaining confidence of the Private Banker, Financial Advisor/Private Wealth Advisor and Firm Management.
• Partner with Financial Advisors/Private Wealth Advisors to profile their client base, identify and analyze business opportunities and build product awareness in order to succeed in growing new banking revenue.
• Lead advisor engagement efforts by partnering with Financial Advisors and Private Wealth Advisors to profile client bases, identify complex banking opportunities, develop business plans and increase adoption of UHNW lending and deposit solutions.
• Serve as a market leader in UHNW deposit and lending education, extraction, and execution in collaboration with Private Bankers, Financial Advisors, and clients.
• Lead execution of UHNW deposit initiatives within assigned markets by partnering with advisors, Private Bankers and market leadership to identify, prioritize and capture liquidity opportunities.
• Collaborate with internal deposit teams to structure sophisticated client depository strategies to benefit the UHNW client segment.
• Responsible for driving growth across all UHNW Lending products – Mortgage, Securities Based Lending, and Non Purpose Lending; Tailored Lending.
• Serve as a subject matter expert for UHNW lending and deposit solutions, providing education, transaction guidance and strategic consultation to advisors, Private Bankers and clients.
• Develop creative and intelligent solutions while advising on client transactions and offering constructive alternatives to further enhance overall relationship Partners, develops and mentors the UHNW Specialist (VP) to grow skills sets and deliver banking and lending products more efficiently to the assigned territory.
• Interview prospects & clients in joint meetings with Private Bankers and Financial Advisors/Private Wealth Advisors.
• Pre-screen appropriate transactions and communicate with Private Bankers and/or Financial Advisor/Private Wealth Advisors regarding opportunities.
• Manage expectations through active communication with Private Bankers and Financial Advisors/Private Wealth Advisors regarding opportunities.
• Manage expectations through active communication with Private Bankers and Financial Advisors/Private Wealth Advisors regarding opportunities.
• Pre-screen appropriate transactions and communicate with Private Bankers and/or Financial Advisor/Private Wealth Advisors regarding opportunities.

Qualifications:

• Bachelor's Degree required; Advanced degree preferred.
• Minimum 7-10 years of experience in private banking or commercial banking in lending origination and credit analysis.
• Proven new business development / origination experience with Lending products is required.
• Advanced knowledge of UHNW credit solutions including securities-based loans, residential mortgage products, home equity lines of credit, and commercial real estate lending.
• Strong understanding of UHNW liquidity management, deposit gathering and tailored lending strategies.
• Experience in understanding the financial needs of all types of clients Experience influencing business development initiatives across multiple advisors and branches.

Skills/Abilities:

• Maintain poise and presence coupled with exceptional interpersonal skills to build relationships with sophisticated high net worth clients and their advisors.
• Ability to develop and coordinate activities of junior team members Demonstrate creativity and intelligent solutions in structuring sophisticated client transaction.
• Balance revenue expectations with risk requirements of firm to ensure client and firm's interests are met.
• Ability to tactfully and professionally decline transactions while retain FA and client relationships.
• Possess excellent oral and written communication skills and presentation skills Detail orientation with exceptional analytical skills Ability to multi-task; meet deadlines and manage Financial Advisor and client expectations Good collaboration skills in a team-oriented environment.

This position may require approximately 35% travel.

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$150,000 and $250,000 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. At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.