Full Job Description
AVP, Product Origination & Development (Alternative Investments)
POSTING DATE: Sep 22, 2021
PRIMARY LOCATION: Americas-United States of America-New York-New York
EDUCATION LEVEL: Bachelor’s Degree
JOB: Wealth Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Assistant Vice President
Morgan Stanley Wealth Management provides a range of wealth management products and services for affluent individuals, businesses and institutions. These services include brokerage and investment advisory, financial and wealth planning, credit and lending, cash management, annuities and insurance, retirement and trust.
The alternative investments product area within Investment Solutions is responsible for sourcing, manufacturing, developing, managing and marketing alternative investment products/investments, such as:
Funds of Hedge Funds
Real Estate Funds
Alternative Investments has over $100 billion in assets under management. The primary users/investors include high net worth wealth management clients and their Advisors.
The employee will work on the Product Origination and Development team within the Alternative Investment product area of Investment Solutions. The employee will primarily be responsible for onboarding alternative investment offerings across the alternatives platform with an emphasis on co-investments. Specifically, the employee will support the expansion of co-investment and other private investment capabilities. In these capacities, the employee will work closely with alternative investment Fund Managers, MSWM Advisors, MSWM Field Management, as well as various other business groups within Morgan Stanley. In addition, the candidate will work on analytical projects for the Alternative Investments organization. This position will work cross-functionally with other areas of Investment Solutions as well as other groups across MSWM (including Sales and Marketing, Global Investment Manager Analysis, Legal, Operations, Finance, etc.) The employee will work on tactical deal-related deliverables, as well as work on manager sourcing and other long-term strategic initiatives.
Projects will include assisting with the development and support of investment product launches, including execution of placement agreements, customization of offering & marketing materials, presenting to various Product Committees, and socializing ideas at the alternatives weekly sales meeting. The employee will also be expected to continue to improve and develop relevant metrics and statistics that will help the management team understand the health of the business and identify new opportunities.
4-6 years of financial services industry experience, preferably product development/management or related function
Strong analytical and quantitative skills; detail oriented
Ability to manage and complete multiple and simultaneous projects with tight deadlines
Ability to understand, implement, monitor and improve upon key financial and business metrics
Demonstrate an understanding of the alternative investment industry and private market landscape
Series 7 preferred or willingness to obtain in 180 days
Strong written and verbal communication skills
Strong presentation skills; ability to work effectively in senior management settings
Must be highly motivated, innovative and a team player; must also be an independent thinker
Ability to represent the firm professionally with internal and external constituents
Highly proficient in MS Excel and PowerPoint