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 primarily located in New York, with coverage officers and a reporting function in London and Hong Kong.

Responsibilities

• 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 updates of the NPA program to Wealth Management and Investment Management senior management and to firm functional areas
• Provide ad-hoc NPA reports, risk analyses and data analyses for various stakeholders, including business risk management, firm infrastructure groups and regulators
• Document business requirements and perform User 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 initiatives by coordinating with the business on requirements and deliverables
• Provide business analysis coverage for NPA IT initiatives by identifying, documenting, and scoping key application requirements to meet business needs
• Utilize Generative Artificial Intelligence to develop use cases that enhance process efficiency
• Work as a liaison between business units and delivery teams in all phases of development from product definition to deployment

Qualifications

• 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
• Strong team player with excellent interpersonal and communication skills
• Strong organizational skills with ability to multi-task in a high-pressure, fast-paced environment
• Excellent quantitative and analytical skills with high attention to detail
• Excellent project management skills
• Ability to deal with difficult situations gracefully and to influence decisions
• Strong problem-solving skills with ability to identify where focus is needed and bring clarity to objectives, requirements and priorities
• Ability to write clear and concise business requirements documentation
• Ability to manage multiple projects effectively, prioritize deliverables, and understand technical challenges
• Proficiency with Microsoft Office, especially PowerPoint and Excel (expert in pivot tables, formulas; ability to manipulate/sort/filter/format data); working knowledge of Access desirable
• Comfort with Windows environment and ability to quickly learn proprietary applications
• Experience with Generative AI highly preferred
• Familiarity with Agile ceremonies preferred

What Morgan Stanley Offers

We are committed to maintaining a first-class service and high standard of excellence. Our values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—guide decisions daily. We offer attractive and comprehensive employee benefits and opportunities for growth across our global offices.

EEO Notice: 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, gender identity or expression, transgender status, sexual orientation, national origin, citizenship status, disability, marital or civil partnership 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).