Overview

More than 30 years ago, ETRADE pioneered the online brokerage industry by executing the first-ever electronic individual investor trade. While the landscape of our industry has changed dramatically, our culture of innovation and drive to make online trading accessible to everyone continues to drive us forward. We believe in challenging the status quo, fostering an environment of curiosity and learning, and, above all, putting our customers first.

Summary

ETRADE Financial is looking for highly energized, dynamic Product Management professionals who are ready to join a fast-paced, world leader in the financial services industry. We move at the speed of the Internet. Our work culture fosters an incredible exposure to innovative ideas and challenges that create experience and opportunity. Many have risen through the organization to become industry leaders, in both the financial services world and in the community at large. ETRADE is made up of some of the brightest and most talented people in the industry - are you ready to join the industry leader?

The desired candidate should be a self-starter, a problem solver and must be driven to solve complex business issues.

Description

ETRADE Financial is looking for a seasoned professional with extensive experience in Product Management and more specifically experience with Brokerage and Risk related Products.

The ideal candidate must have a proven track record of building and launching new products for retail clients and/or internal stakeholders. Relevant experience in the field of Risk Management and data analytics is highly desirable

We’re looking for a senior leader to drive the next phase of growth in the various Risk Platforms/tools used across the firm to manage Risk and Derivative Products in general. This leader is expected to drive forward a new strategy to consolidate the various applications used by the Risk Organization in the broader Morgan Stanley Wealth Management space which will allow the firm to manage risk much more effectively

The desired candidate will work with the Margin Product and Risk Management leadership to articulate a clear strategy for the path forward, and get buy in from all the key stakeholders in Sales and Service, Legal and Compliance teams

Responsibilities

· Work with Product and Risk leadership to articulate a clear platform consolidation plan with actionable roadmap of deliverables and socialize the plan with the broader organization to gain acceptance

· Assess the capabilities (strength and weakness) of the various Risk Platforms currently used across and articulate a consolidation plan which will provide a unified set of calculations across multiple channels of the firm

· Work with Margin Risk team to gain a better understanding of the Option Expiration lifecycle and assess potential gaps that could expose the firm to undue risk

· Define the user journey to create user persona that will allow the firm to gain a deeper understanding of the various risk we face and the capabilities the firm can develop to mitigate against those risk.

· Strong analytical skills to identify, evaluate and define complex systems. Create product artifacts (business requirements, functional requirements, migration plans, communication plans, project updates for senior management) and gain approval from business and technology leaders

· Work with Partners in Risk, Sales and Service, UX and channels teams to create the best experience for this group of highly sophisticated clients

· Redesign the Option Pairing (optimization of the various options legs to minimize maintenance requirement while compliant with the appropriate option levels) logic currently used by the firm. This leader will be responsible for the team with oversight of this functional capability

· Deep knowledge of Option pricing models and associated risk management

· Ability to synthetize and model large data set to extract valuable information that can help deepen understanding of the risk or uncover insight to help better manage the product

· Work with Risk teams to understand their unique needs and build for them the next generation of tools to help the firm manage risk

· Lead a team of talented Product Manager with day to day management responsibilities and associate development

Qualifications

Basic

• 7 - 10 years of experience in Product Management, and or Risk Management with proven track record of building Risk Tools geared towards option traders
• Experience managing the definition and execution of projects (conceptualization, requirements, design, development, testing, and implementation).
• Excellent knowledge of options valuation and associated Risk Management
• Extremely comfortable with data modeling and analytics

Preferred

• Risk Management and data modeling is highly desirable
• Prior consulting experience in Management, Strategy, or Risk Management is considered a plus
• Superior analytical, interpersonal, communication (written, verbal, and technical), presentation, negotiation and problem-solving skills.
• Self-motivated, detailed-oriented, team player, and organized.

Prior experience leading high performing teams and experience working in a team-oriented, collaborative environment

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).