A Day in the Life of an Assistant Vice President at Morgan Stanley
Zach, an Assistant Vice President at a Fortune 100 bank, describes their middle office team as providing "extra support" for ultra high net worth clients, managing risk for approximately 80 representatives. Day-to-day responsibilities involve "a lot of ad hoc, kind of like big picture stuff," strategic work, approvals, and people management, collaborating closely with leadership.
Financial Services, Risk Management, Client Relations, People Management, Strategic Planning
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
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Job Functions
Traits
Zach Bransky
Assistant Vice President
Fortune 100 Bank
University of Arizona
Arizona State University (ASU) - W. P. Carey, MBA
Finance
Finance (Banking, Fintech, Investing)
Finance
Greek Life Member
Video Highlights
1. Manages risk for approximately 80 representatives within a middle office setting of a large financial institution.
2. Provides support to financial advisors working with high-net-worth clients, handling complex situations and risk mitigation.
3. Involves a blend of strategic planning, day-to-day operational approvals, and people management responsibilities within a leadership team.
Transcript
What are your main responsibilities within your current role?
Sure. So, a thousand-foot view of our team is that we are a middle office. When there's an ultra-high net worth client at Morgan Stanley, they are assigned a financial advisor.
Sometimes, these advisors need a little extra support with those types of clients. These clients are very complex, with lots of assets and that type of thing. That's where our office comes in; we help keep them happy.
We manage risk for about 80 reps, and there are two other risk officers. The day-to-day might involve getting into a separate question, so I'll keep this pretty brief.
The day-to-day involves a lot of ad hoc, big-picture items. We do a lot of strategy work. There's also day-to-day approval.
Then there's the people management side. We're part of the management team. Although we're removed from HR tasks, we sit across from all the leadership managers, so they're constantly bringing us into things.