Wealth Management Private Banking Operations - High Net Worth Collateral Monitoring - Director

Morgan Stanley; Baltimore (MD); On-site; USD 64,000 - 108,000; Full time

Benefits offered by this job

Medical insurance

401(k) plan

Paid time off

Job summary

Morgan Stanley is seeking a Director for Wealth Management Private Banking Operations in Maryland to oversee collateral monitoring across securities-based lending. The role requires coordinating with Collateral Managers, Credit Risk, and Technology to ensure accurate approvals and reporting.

The candidate should apply strong regulatory knowledge, drive process improvements, and lead a team to deliver timely, compliant operations in a fast-paced environment.

Qualifications

• Strong analytical abilities and attention to detail.
• Excellent communication skills across functions.
• Ability to supervise and develop a direct reports team.

Responsibilities

• Perform broad Operational, Regulatory compliance and transaction/reporting functions in securities-based lending collateral monitoring.
• Communicate with Collateral Managers, Credit Risk, Technology and field teams.
• Implement new firm or regulatory directives and assess impact on policies and procedures.

Skills

Analytical skills

Strong communication

Team supervision

Self-motivated

Change leadership

Tools

Excel

Visio

PowerPoint

Job description

Wealth Management Private Banking Operations - High Net Worth Collateral Monitoring - Director

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.

Background on the Position

The Private Banking Operations High Net Worth Collateral Monitoring department is seeking a Director candidate. This Director is expected to perform a broad range of Operational, Regulatory compliance, and transaction/reporting functions within securities based lending collateral monitoring. A significant part of the role will be to apply a broad range operational and regulatory controls in support of transaction approvals across the security based lending products that are funded by the Morgan Stanley Banks.

The candidate should be able to communicate to Collateral Managers, Credit Risk, Technology and the field. To meet this requirement it is preferred the candidate possess comprehension of the investment markets and the rules and regulations of the financial Exchanges. Additionally, they must be capable of implementing any new firm or regulatory directives and their impact on the team's policies and procedures.

Skills required

• Strong knowledge of Microsoft Office with emphasis on Excel, Visio and PowerPoint
• Strong analytical skills
• Ability to work well under pressure and meet deadlines
• Ability to drive change and improve efficiencies on the team
• Self-motivated and willing to assume responsibility
• Ability to supervise and develop a team of direct reports

Desired competencies

• Adaptable to multiple functions including line, projects, and process improvement initiatives
• Growth mindset w/ commitment to continuous learning
• Strong communication skills
• Emotional intelligence by practicing empathy and patience
• Great attitude / team player

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.

For Maryland Based Candidates: Salary range for the position: $64,000 and $107,500 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

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.