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 prosper.
Morgan Stanley at Work is a division within Morgan Stanley Wealth Management comprised of Retirement & Nonqualified Deferred Compensation Solutions, Shareworks by Morgan Stanley Equity Compensation, and Financial Wellness. Our division offers in-depth knowledge and resources focused on providing a full range of solutions that help address various institutional and employee financial challenges and complexities.
Position Summary:
The NQDC COLI Business Manager, VP will focus on establishing, maintaining, and documenting the business processes governing all aspects of our Corporate Owned Life Insurance (COLI) product offering. The role will also support the day-to-day business needs related to placement of new policies and ongoing management of the existing COLI book of business. This individual will work with internal and external stakeholders to deliver solutions for scalable growth and efficiency. The candidate will serve as a subject matter expert for the NQDC COLI business.
Responsibilities include, but are not limited to:
- Partner across multiple business units to establish, define, and document policy and procedures associated with Corporate Owned Life Insurance (or COLI).
- Work closely with the Asset Placement Manager to identify and articulate operational needs.
- Identify and propose solutions to risk issues and new business initiatives by working with various partners within the organization including product, technology, service, and sales.
- Work with key stakeholders to identify Firm solutions that support business unit needs.
- Translate strategy into an actionable plan with defined ownership and roles/responsibilities and ensure delivery of those activities.
- Provide transparency and reporting to key stakeholders and senior management.
- Serve as an internal resource to the Asset Placement, Sales, Plan Administration, and Home Office Teams as it relates to COLI Insurance.
- Perform various other administrative duties on behalf of the Non-qualified Solutions Home Office and Branch.
- Maintain a focus on scaling the business processes for future growth.
- Become the Subject Matter Expert as it relates to all internal systems and processes associated with Corporate-Owned Life Insurance.
- Proactively suggest improvements to the NQDC COLI product offering.
Required Experience, Skills, and Qualifications:
- Bachelor's degree plus a minimum of 5 years of experience in process management, consulting, financial services, FinTech or other related fields.
- Prior insurance experience preferred.
- Strong interpersonal and process management skills.
- High level of attention to detail, with excellent written and verbal communication skills.
- Proven ability to manage multiple projects and priorities.
- Proven experience developing partnerships with and successfully coordinating across various business and functional stakeholders.
- Ability to lead and influence cross-functional teams where there is no direct reporting chain.
- Strong presentation skills, including ability to create polished PowerPoint presentations for various levels of management.
- Independent self-starter who can manage multiple activities with aggressive deadlines.
- Strong sense of ownership, accountability, and entrepreneurial spirit.
- Insurance and Annuities licensing is required for this role.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
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