Branch Manager, Producing

Position Summary

The Producing Branch Managers primary focus is to drive revenue, and manage risk within their branch and to continue to build a book of business.

Duties And Responsibilities

• Build a client base of high net worth households by prospecting and developing new client relationships, and maintain and manage long term client relationships
• Help manage client investment needs consistent with Firm policies and industry requirements
• Keep current with information regarding regulatory requirements, financial markets and current and new products
• Product/Business Knowledge
• Has a thorough understanding of the Firms products and those of its strategic partners; uses this knowledge to provide resources and direction in order to help drive sales
• Absolutely understands the Firms resources; able to direct the sales force to the appropriate resources in an efficient manner
• Effectively applies product/business knowledge to recruiting efforts; able to translate competitor offerings into Morgan Stanley Wealth Management products, and understand and explain how a recruit will be able to continue to help meet their clients needs
• Sales/Marketing
• Seeks opportunities to grow business and drive sales by capitalizing on Firm initiatives
• Focuses on building strong relationships with corporate departments and strategic partners to achieve the marketing efforts of the Branch
• Drives corporate marketing initiatives to help increase market share in High Net Worth households
• Team Building
• Builds an effective team in the branch by constantly communicating relevant information on a timely basis and conducting regular meetings
• Participates in Region and Market initiatives including sales, hiring, recruitment, diversity, and community outreach
• Responsible for growing their branch through hiring lateral recruiting and training
• Leadership
• Lets by example by ensuring that their branch is consistently achieving the objectives of the U.S. Wealth Management Group, maintains a positive morale, has a track record for growth, has ethical business practices, and demonstrates a commitment to diversity and respect for others
• Lets proactively identify trends, potential areas of growth and weakness and address these areas in order to positively position the branch within the geographic market
• Lets their Branch's efforts of Sales, results, and client-centered approach experience
• Identifies key talent in the branch and positions and develops that talent
• Leverages the resources of the Firm to achieve the highest level of success
• Acts as a coach and mentor for Financial Advisors in order to help drive results
• Accountability
• Responsible for the Branch's sales performance and financial performance
• Responsible for regulatory, legal and compliance issues including: Risk Management for their Branch in regards to monitoring sales, human resources, and legal and regulatory practices
• Responsible for following supervisory procedures as outlined in the Branch Managers Supervisory Manual
• Responsible for executing the Annual Supervisory Plan
• Responsible for effectively communicating the status of performance and issues to the Complex Manager or Non-Producing Branch Manager

Education and/or Experience

• Bachelor’s degree required or equivalent education or experience
• At least 5 or more years of experience as a Financial Advisor (with satisfactory production and compliance record) or comparable branch management or product area experience
• Active Series 7, 8 (or 9 and 10), 66 (or 63 and 65) and 3 registrations (Series 31 acceptable if branch conducts managed futures business only)

Skills

• Effective written and verbal communication skills
• Ability to think critically
• Ability to manage a team
• Strong attention to detail
• Ability to interact with senior management team, Financial Advisors, support staff, clients and corporate and field personnel as needed
• Ability to own projects at a Branch level
• Ability to organize and prioritize work, meet deadlines, and complete projects

What You Can Expect From Morgan Stanley

• Raised, managed and allocated capital for our clients – helping them reach their goals
• 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 $105,000.00 and $190,000.00 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.

EEO Information

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.