Institutional Product Manager - OCIO Investment Team, Executive Director

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Outsourced Chief Investment Officer (“OCIO”) group partners with Morgan Stanley Financial Advisors across all channels to offer full discretion portfolio management services to institutional and private clients (e.g., Defined Benefit plans, Endowments, Foundations, Ultra-High Net-Worth, Family Offices, etc.) of Morgan Stanley Wealth Management.

We are seeking a highly skilled and experienced Institutional Product Manager to join our OCIO (Outsourced Chief Investment Officer) Investment Team. The ideal candidate will possess strong stakeholder and project management skills, with a proven track record in the institutional investment marketplace. This role requires a deep understanding of various institutional investment products and the ability to navigate complex processes involving investment due diligence, product structuring, and cataloguing.

The successful candidate will work closely with manager research, legal, risk, compliance, and wealth management product teams to ensure the successful delivery of investment solutions.

Key Responsibilities:

Stakeholder and Project Management

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• Lead and manage multi-stage processes, ensuring effective communication and collaboration with internal and external stakeholders

• Coordinate with manager research, legal, risk, compliance, and wealth management product teams to align on product development and implementation strategies

• Develop and maintain strong relationships with key stakeholders to facilitate smooth project execution and delivery

Management & Leadership

• Demonstrate strong leadership and team management skills

• Manage a due diligence team focused on institutional investment research

Investment Due Diligence and Product Structuring

• Conduct initial investment due diligence to assess the viability and potential of various institutional investment products

• Structure and define accessible institutional investment products, including Collective Investment Trusts (CITs), Separate Accounts, Limited Partnerships (LPs), and custom accounts to meet institutional client needs

• Ensure all institutional products are catalogued accurately and updated regularly to reflect changes in the product details including dealing terms, fees, minimums, etc.

Ongoing Diligence and Monitoring

• Ensure formal oversight on ongoing investment and operational diligence and monitoring of approved institutional product offerings

• Provide regular, detailed reporting of qualitative and quantitative analysis for approved institutional products

Negotiation and Coordination

• Negotiate terms and conditions of institutional investment products in coordination with legal, risk, and compliance teams

• Ensure all agreements and contracts are compliant with legal and regulatory standards through collaboration with operations and risk partners

Market and Product Knowledge

• Demonstrate broad product knowledge across various investment types, including CITs, Separate Accounts, and LPs

• Stay informed about market trends and developments to provide insights and recommendations for product innovation and enhancement

Database and Tool Utilization

• Utilize investment manager databases and tools such as eVestment and Morningstar to support product sourcing and decision-making processes

• Analyze data to identify opportunities for product enhancements/expansion

• Work with stakeholders to enhance product database and user experience

Qualifications

• Bachelor’s degree in Finance, Business Administration, or a related field. An advanced degree or relevant professional certification (e.g., CFA, CAIA) is preferred

• Minimum of 10+ years of experience in the institutional investment marketplace, with a focus on product management and development

• Demonstrated experience in an investment due diligence function across multiple asset classes is preferred

• Strong understanding of institutional investment products, including CITs, Separate Accounts, and LPs

• Proven experience in stakeholder and project management, with the ability to lead complex projects and manage multiple priorities

• Excellent negotiation skills and experience working with legal, risk, and compliance teams

• Proficiency in using investment manager databases and tools such as eVestment and Morningstar

• Strong analytical and problem-solving skills, with the ability to make data-driven decisions

• Excellent communication and interpersonal skills, with the ability to build and maintain relationships with diverse stakeholders

• Proactive and hard working with strong professional accountability

• Exemplary verbal and written communication skills

• Strong analytical and/or quantitative skills

• Must be very detail-oriented with an ability to multi-task

• FINRA Series 7 and 63 licenses required or willingness to obtain within 120 days of hire

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to 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 175,000 and 265,000 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.

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).