Branch Manager, Producing

Morgan Stanley New Brunswick , NJ 08903

Posted 4 months ago

POSITION SUMMARY:

The Producing Branch 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. In addition, a large emphasis will be placed on the recruitment and retention of Financial Advisors. Producing Branch 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 Producing Branch manager reports directly to the Complex Manager or Non-Producing Branch Manager.

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.

  • 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 Complex initiatives including sales, hiring, recruitment, diversity, and community outreach.

  • Responsible for growing their branch through hiring lateral recruiting and training.

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 track record for 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.

  • 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 Manager's 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

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 management

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

Reports to:

  • Direct reporting to: Complex Manager or Non-Producing Branch Manager

Direct reports:

  • Resident Managers. Financial Advisors and Branch Support Staff

  • This list is meant to be directional and should not be considered complete, as it may be supplemented on an as needed basis

  • All candidates should verify that they meet the minimum eligibility requirements prior to applying

Morgan Stanley

EOE committed to diversifying its workforce.

M/F/D/V.


upload resume icon
See if you are a match!

See how well your resume matches up to this job - upload your resume now.

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Branch Sales & Service Associate I (U)(Mlo)

PNC Bank

Posted 6 days ago

VIEW JOBS 1/10/2019 12:00:00 AM 2019-04-10T00:00 Job Profile * Acquires and deepens the branch customer base through a variety of proactive sales and service activities. Manages the customer experience by identifying opportunities to improve the customer's financial wellbeing. Collaborates with ecosystem partners to grow customer's share of wallet. Positions PNC solutions to drive new revenue and customer loyalty. * Drives proactive sales conversations through internal and outbound interactions with a defined sales process including outbound calling, service to sales, teller interactions, appointment setting and effective lobby engagement, ultimately elevating client loyalty. Delivers a full PNC conversation with every client interaction to identify appropriate PNC solutions. Leverages ecosystem partnerships as well as community Centers of Influence to acquire, expand and retain relationships. * Creates customer loyalty and grows customer share of wallet through a differentiated customer experience. Performs lobby engagement activities to connect with customers and position PNC products to meet their needs. Educates customers on options for managing financial transactions by leveraging technology, tools and resources. * Applies product and procedural knowledge to identify, mitigate and solve customer problems effectively to drive customer loyalty. * Manages risk through adherence to all policies and procedures, demonstrating sound judgment within established limits. Demonstrates a heightened scrutiny to identify and avoid loss. Participates in branch daily operations, ensuring they are completed in an efficient and accurate manner. PNC Bank New Brunswick NJ

Branch Manager, Producing

Morgan Stanley