New Product Approval Coverage Officer - Vice President - Morgan Stanley : Job Details

Overview

New Product Approval Coverage Officer - Vice President. Join to apply for the New Product Approval Coverage Officer - Vice President role at Morgan Stanley

The Firm's global New Product Approval (NPA) Department seeks a Vice President position with up to 15 years of experience. The NPA Department governs the process around the review and approval of new product initiatives across all firm business lines globally to ensure that firm infrastructure and control groups confirm support and validate that risk is adequately managed. The Department reports on new product activity to business risk management organizations, firm infrastructure groups and firm senior management on a regular basis. In addition, the Department is responsible for routine reporting to enterprise level governance committees and interfaces with regulators as required.

The global NPA Department is located primarily in New York, with coverage officers and a reporting function in London and Hong Kong.

To be successful, the candidate must be able to work independently, manage business relationships and manage global and complex program initiatives concurrently. Strong attention to detail and ability to conduct big data analyses is required. Prior knowledge of the Firm's operating divisions/business units, core products, and supporting infrastructure areas are essential.

Responsibilities Include The Following But Are Not Limited To

• Provide global governance coverage for Wealth Management and Investment Management business units and firm functional areas to respond to and resolve issues relating to the NPA proposals and process
• Perform quality assurance of Wealth Management and Investment Management new product proposals and functional area due diligence documentation to validate that risk is adequately managed and ensure compliance with the firm's existing policies and procedures and alignment with strategic goals
• Provide monthly update of the NPA program to Wealth Management and Investment Management senior management and monthly update of the NPA program to firm functional areas
• Provide ad-hoc NPA reports, risk analysis and data analysis for various stakeholders, including business risk management, firm infrastructure groups and regulators
• Document business requirements and perform Users Acceptance Testing for various platforms (NPA Platform, Strategic Reporting Platform and Entitlement Platform)
• Provide user and administration support to all firm business lines and functional areas globally to address questions and resolve issues relating to the New Product Approval process and various platforms
• Lead and manage ad-hoc complex and global programs
• Project manage key NPA Program initiative by coordinating with the business on the requirements and deliverables
• Provide business analysis coverage for NPA IT initiatives by identifying, documenting, and scoping key application requirements to meet business need
• Utilize Generative Artificial Intelligence to develop use cases that enhance process efficiency
• Work as a liaison between business unit and delivery team in all phases of development from product definition to deployment

Requirements

• Strong knowledge of financial products, especially Wealth Management and Investment Management
• Bachelor's degree required
• At least 8 years of relevant experience would generally be expected to find the skills required for this role
• Strong team player with excellent interpersonal and communications skills
• Strong organizational skills with ability to effectively multi-task in a high pressure, fast-paced environment to manage significant case load within short timeframes
• Excellent quantitative and analytical skills coupled with high attention to detail
• Excellent project management skills
• Ability to deal with difficult situations/individuals gracefully. Ability to influence decisions/mindsets
• Strong problem-solving skills. Ability to identify where focus is needed and bring clarity to business objectives, requirements and priorities
• Ability to write fundamental business requirement documentation in a clear and concise manner
• Ability to manage multiple Projects effectively, prioritize deliverables and to understand technical challenges
• Proficiency with Microsoft Office programs, especially PowerPoint and Excel (expert in pivot tables, formula functions and manipulate/sort/filter/format data). Working knowledge of Access is also desirable
• Comfort with Windows environment and ability to quickly learn proprietary technology applications
• Experience with Generative AI highly preferred
• Familiar with Agile Ceremonies preferred

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

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Baltimore: Expected base pay rates for the role will be between 95,000 and 165,000 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).