Resident Manager

The Resident Manager’s primary focus is to drive revenue and manage risk within their branch and to continue to build a book of business. Job functions also include maintaining a superior and consistent level of client service, developing cohesive teams, providing consistent leadership, and assuming accountability for their Branch’s results. Resident Managers must be responsible for fiscal management, personnel management and morale, business ethics and practices, and compliance with all Federal, State, and Local laws and regulations.

The Resident Manager reports directly to either the Market Executive, Non-Producing Branch Manager or Producing Branch Manager. The Resident Manager will manage a smaller producing branch office.

DUTIES and RESPONSIBILITIES:

Production-related:

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 Firm’s products and those of its strategic partners; uses this knowledge to provide resources and direction in order to help drive sales

Has a good understanding of the Firm’s 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.

Promotes corporate and complex initiatives and is able to effectively communicate these initiatives to Financial Advisors within their branch.

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.

Leadership Leads 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 reputation of growth, has ethical business practices, and demonstrates a commitment to diversity and respect for others.

Leads proactively by identifying trends, potential areas of growth and weakness and addressing these areas in order to positively position the branch within the geographic market.

Leads their Branch’s efforts of Sales, results, and client-centered approach Experience.

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 regulator practices.

Responsible for following supervisory procedures as outlined in the Branch Manager’s Supervisory Manual.

Responsible for executing the Annual Supervisory Plan.

Responsible for effectively communicating the status of performance and issues to the Market Executive/Non-Producing Branch Manager/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 equivalent branch management or industry experience.

Licenses and Registrations 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 )Other licenses as required for role or by…