Vice President - Advanced Decision Sciences
Location:
New York , New York
Posted:
October 22, 2017
Reference:
3094313
Morgan Stanley Wealth Management provides comprehensive brokerage, investment and financial services to individual investors globally. Recognized as one of the largest retail brokerage networks in the U.S., Morgan Stanley's financial representatives cover multiple client segments from affluent to ultra- high net worth. The product range offered to client's spans mutual funds, equities, fixed income products, alternative investments, separately managed accounts, banking & personal lending, mortgages, insurance and annuities.

The Decision Sciences team goal is to help the organization make fact based and scientifically developed decisions around risk and opportunities, which help drive top and bottom line growth. The incumbent is expected to mine Morgan Stanley's book of business to identify new or existing customer opportunities.

This position will support the expansion of our banking analytic efforts specifically in the area of statistical modeling and offer optimization/suggestion. The ideal candidate will possess banking/financial services experience, strong leadership, communication, collaboration and project management skills, a thorough understanding of applied statistics theory as well as have a strong command of data science languages/packages - especially the statistics and optimization packages. Candidate must have significant hands-on experience managing large scale cross-product advanced analytics projects with ability to influence people across all levels of the organization.

Principal Responsibilities

• Develop applied advanced analytic solutions/predictive modeling and
optimization to drive bottom line transaction, revenue, new account and
retention growth through customer, prospect and advisor behavioral analytics.
• Develop customer segmentation/statistical clustering based solutions using
internal behavioral, financial performance and demographic, credit bureau and
financial holdings externally purchased data
• Support the development of customer engagement, cross sell and new
customer acquisition strategies, programs and digital capabilities using
contextual insights from applied advanced analytics and predictive modeling
tools
• Develop and collaborate to build next best action recommendation systems for
Financial Advisors and digital/direct campaign targeting using predictive
analytics
• Develop and provide modeling/scoring and advanced analytic effectiveness
reporting, measurement and testing strategies /design of experiment
approaches and attribution rules
• Run business case capstone/ROI scenarios by establishing initial opportunity
sizing estimates, along with preliminary cost and time estimates
• Integrate/interpret primary research data to inform advanced analytic analyses
and solutions including predictive modeling
• Support new product development process using predicative analysis based
on past performance, market trending and relevant research data points
• Interact with a wide variety of business units within the Marketing group,
Enterprise and outside vendor partnerships. In this role the Vice President will
manage components of market exploration and business case initiation,
defining appropriate target audiences for strategies, building hypotheses and
assumption to test in the marketplace, conducting in partnership research and
analysis, developing initial financial projections, and potentially project charter
& recommendations.

Qualifications
Required Competencies

• Work effectively in cross-functional teams, having demonstrated strong
partnerships with both internal and external business partners and alliances
• Demonstrated ability to collect and organize data, work effectively with
complex relational databases, conduct analysis and report on and apply results
to "actionable insights/recommendations"
• Strong command of Python, Spark, SQL, SAS Base/Stat/Macro/E Miner or
other statistical software packages
• Strong experience with predictive and descriptive statistical
modeling/advanced analytics including optimization is required with proven
application in applying Decision Trees, Regression analysis, Neural Networks,
Clustering and other data mining techniques, experience with time series,
experimental design and attribution rules
• Demonstrated ability to transform business needs into technology
requirements that both the business and technology understand
• Self-starter with strong and creative problem-solving skills
• Need to be able to succinctly communicate ideas, recommendations orally and
in writing to a wide range of audiences, as well as exceptional listening and
presentation skills
• 5 years of financial services/banking related work experience preferred
• Related financial services industry experience for at least 2 years is Required
• Minimum of a Bachelor's degree is required with advanced business or applied
mathematics degree required
• MBA, Master of Science or PhD in applied science discipline preferred
• Strong deterministic analytic leadership experience with limited day-to-day
direction required by manager

A little about us:
Since its founding in 1935, Morgan Stanley and its people have helped redefine the meaning of financial services.

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