Cash Management Specialist- Vice President

Job Overview

The Cash Management Specialist will consider the needs of the client and recommend cash management services and solutions to WM’s FAs and their clients with the ultimate goal of better integrating cash management services within the wealth management process. The Cash Management Specialist will be assigned to a Region, as applicable.

• Partner with Financial Advisors to provide clients with advice and guidance regarding our full suite of Cash Management Solutions.
• Build Cash Management Solution awareness and understanding among Financial Advisors (FAs), Support Professionals (SP) and local and regional field management, including the clear and effective articulation of the cash management solutions value proposition.
• Partner with Financial Advisors to profile their client base, identify and analyze business opportunities and succeed in growing adoption of cash management solutions, including deposit gathering, utilization of cash management features and related services tied to the Active Assets Account.
• Build, promote, market and maintain a pipeline of cash management opportunities around cash management product balance, revenue and FA engagement, leveraging opportunity lists (e.g., money in motion/liquidity events, wires/external funds transfer to other financial institutions or card issuers) and other analytics.
• Establish a reputation of client focus and executional excellence, build trust with FAs to collaborate in fully developing cash management services opportunities with their clients.
• Act as the subject matter expert for all FA and Branch staff inquiries on Cash Management Solutions and client offerings.
• Understand the competitive environment and effectively communicate our cash management value proposition and comparative strengths vis a vis key competitive offers.
• Work with and communicate effectively with Field/Branch management, Financial Advisors, Branch Service staff and Product partners.
• Act as a resource point for any cash management services issues to gain FA/SP confidence on ease of use for cash management products.
• Support the identification of FA and SP cash management champions within the branch/complex and develop strategies to leverage best practices identified.
• Partner with FA to incorporate cash management into client onboarding and client review processes.
• Work collaboratively with the Private Banker, identifying lending referral opportunities and promptly executing on reciprocal or bundled cash management opportunities as they present themselves.

• Bank & investment products including but not limited to Bank Deposit Program and Global Currency Deposits.
• Card Products including Morgan Stanley Master Card Debit Card and the Morgan Stanley American Express Credit Cards.
• Various Cash Management Services including Checking Capabilities, Direct Deposit, Funds Transfer / Wires Functionality and Online Bill Pay, available through both the wealth management branches as well as through digital and mobile channels.

• Strong relationship building capabilities with Field / Branch Management, Financial Advisors, Service staff, Clients, Product Specialists and matrix partners.
• Strong understanding of the suite of all Cash Management Solutions with ability to collaborate/refer business to the Private Banker for lending opportunities.
• Ability to understand the cash flow management needs in specific and the general financial goals in general of the full service wealth management client.
• Excellent business development and marketing skills and desire to consistently achieve top revenue and other key results (penetration, utilization, etc).
• Ability to maintain poise, presence and professionalism with FAs and their affluent clients in the most difficult circumstances.
• Ability to demonstrate positive initiative, leadership and comfort working in a fast paced environment.
• Detail orientation with strong organizational and analytical skills.
• Ability to train and influence Financial Advisors and their team on the product suite and how to get cash management better incorporated into their business planning process.
• Possess excellent oral and written communication skills. Exceptional presentation skills.
• Ability to meet deadlines and manage Financial Advisor and client expectations.
• Good collaboration skills in a team-oriented environment.

This role involves significant travel as required supporting a Regional territory (multi-State region). Travel requirements may vary significantly dependent upon the territory covered and while we approximate 50%, travel requirements may be more.

Minimum of 5 years of successful banking / cash management / treasury management services business development experience within Wealth Management.

BA/BS required.

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…