Financial Management Trainee Program

[Karmen Mcarthun]

TheFinancial Management Trainee Program (FMTP) recruits talented individuals at the entry-level or those looking to change careers, and prepares them through training and rotational assignments to become federal financial professionals in financial management positions at Navy/Marine Corps activities and commands located throughout the continental United States.

The FMTP Program is a 28-month program of professional development through academic and on-the-job training. Emphasis is on practical work experience including rotational work assignments as part of the trainee's professional training. Assignments include all aspects of financial management at Navy Commands and academic training in a variety of Navy financial management operations. Upon successful completion of the 28-month program, trainees are permanently placed at the location where they have been training.

The Morgan Stanley Wealth Management Financial Advisor Associate (FAA) Program is a rigorous, demanding, and intense 36-month training and development program. At the end of the program lifecycle, Financial Advisor Associates are fully prepared to take their place among our elite Financial Advisor workforce. However, even before you apply, you should have a frank discussion with yourself about your desire to pursue this career.

Drive. As a Financial Advisor, you are responsible for yourself and your income level. It is a highly competitive business where self-drive is key. You will need to be organized, focused, and extremely disciplined.

Ambition. You need to really, really want to succeed. This is not a relaxed, punch-the-clock job. You'll work hard, struggle through slow periods, and face tough challenges while building your business. To be among those who succeed, you must be the kind of person who perseveres and enjoys overcoming challenges.

Confidence.Can you make at least 100 cold calls a day? Do you believe in your abilities enough to withstand rejection, and challenges to your opinions? Do you genuinely like helping people, talking with them, engaging in conversation that may not result in immediate tangible benefit?

The FAA Program prepares you to become a Financial Advisor through intensive training. Our extensive curriculum provides you state-of-the-art financial tools, techniques and resources needed to create strategies and build a client base of high net worth individuals. When you launch your career as a Financial Advisor, you are prepared to apply your product knowledge and wealth management talents to deliver clients with individualized and comprehensive advice.

Make a Difference While Accomplishing Work-Life Balance - As a Financial Advisor you may have the opportunity to control your work schedule and the flexibility to achieve work-life balance as you manage your own business.

Pre-Production Months 1-4 and Production Month 0

FAAs are required to pass the Securities Industry Essential (SIE) Exam and obtain Series 7 and 66 licenses, begin consultation meetings with their designated coaches appointed to them at the commencement of the program, complete assigned curriculum, and the Financial Planning Specialist (FPS) program.

Production Year 1

FAAs learn about wealth management topics and client conversations, participate in weekly coaching meetings, prospect for clients and open new account relationships.

Phase 3

Face-to-face interviews are held with the local management team. Candidate then completes a business plan exercise, which is reviewed. Upon successful assessment of the business plan, another round of face-to-face interviews is held.

Financial Advisors at Morgan Stanley Wealth Management can potentially earn significant income early in their careers. Morgan Stanley Wealth Management Financial Advisor Associates do not work on a commissions-only basis but rather are provided a base salary and incentive opportunities for performing to the firm's high standards and rewarded for exceeding them.

The compensation structure of the FAA Program is designed to support FAAs throughout the initial development period, offering the opportunity to receive substantial compensation. Morgan Stanley Wealth Management expects the best of its FAAs, and high-achievers are compensated accordingly.

How do I apply for a role as a Financial Advisor, and what is the process?

It is a rigorous process. There are a series of online assessments designed to gauge aptitude in areas critical to the success of a Financial Advisor. You'll be asked to develop a business plan, followed by a series of interviews with the Firm's Complex and Regional Management. We intentionally created a challenging process to enhance the likelihood of long-term success for each Financial Advisor.

Will I be paid while I study for my Series 7 and Series 66?

Yes, you will be paid your salary while in pre-production, which consists of studying for your exams and completing the required curriculum. You will also be eligible for overtime during pre-production.

How long is the FAA Program, and what sort of training will be provided?

The FAA Program is a three-year program. Comprehensive training includes: instructor led national training sessions conducted virtually; training led by the Associate Complex Manager conducted locally at the branch; regional coach-led training; and web-based training.

What type of advancement opportunities would be available to me as a Financial Advisor?

There are many opportunities once you have successfully completed the FAA Program and established yourself as a successful Financial Advisor. You may pursue management roles at the Branch, Complex, Regional, and Divisional levels, as well as other opportunities throughout the organization.

Will Morgan Stanley Wealth Management sponsor my international work visa?

Morgan Stanley Wealth Management requires that FAAs be authorized to work in the U.S. without restriction as to duration, and does not sponsor international work visas.

The salary range for the position: $65,000 - $90,000. The successful candidate may also be eligible to receive incentive compensation. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com

It is the policy of Morgan Stanley Smith Barney LLC to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, age, gender, gender identity, sexual orientation, national origin citizenship, disability, marital and civil partnership/union status, pregnancy (including unlawful discrimination on the basis of a legally protected pregnancy/maternity leave), veteran status or any other characteristic protected by law. In addition, Morgan Stanley Smith Barney LLC complies with applicable state and local laws prohibiting discrimination in employment in every jurisdiction in which it maintains facilities.

This is structured and specialized trainee work in a program serving as entrance to professional, financial, fiscal, accounting or special auditing occupations in state government. Programs served may include, but are not limited to, accounting systems, specialized auditing, financial management and accounting. Training consists of formal workshops, on-the-job work experiences, and lectures from academicians, consultants, industry specialists, and Federal and state specialists.

DEFINITION:

Employees in this class participate in group projects that treat in-depth problems of concern to state government, and practical work assignments in the area of specialization. As training progresses, employees will be involved in projects of greater difficulty and complexity. Training and development activities are directed by the agency training coordinator who assures that trainee progress is monitored, and that scheduled activities develop competence in governmental administration and in the area of specialization.

EXAMPLES OF WORK:

Participates in seminars, performs training assignments, and observes technicians and administrators performing a variety of duties as part of an overall training and development program.

Attends training sessions and participates in formal and on-the-job training designed to develop and sharpen trainee skills in a specific financial field.

Receives guidance and counseling to acquaint the individual with the various specialized functions of the financial activity.

Performs a variety of individual or group training assignments to aid in the development of analytical and communicative skills.

Assists technicians and administrators in on-the-job training assignments, and is assigned more difficult and complex analytical work as the training period nears completion.

Prepares detailed and comprehensive reports and develops recommendations on projects completed.

Presents orally the results of studies and analyses, and explains rationale and judgments used in arriving at conclusions.

Participates in a variety of assignments designed to broaden experience in Commonwealth organization, functions, and programs.

Performs related work as required.

REQUIRED KNOWLEDGES, SKILLS, AND ABILITIES:

Knowledge of the principles and practices of accounting, finance and economics.

Knowledge of financial reports, statements, and corporation finance.

Ability to learn and apply the principles and techniques of administration.

Ability to prepare clear and comprehensive written reports.

Ability to read and comprehend technical and administrative reports and procedures such as personnel rules and management directives.

Ability to establish and maintain effective working relationships.

Ability to communicate effectively both orally and in writing.

MINIMUM EXPERIENCE AND TRAINING:

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