Bank of America
Merrill Market Supervision Manager
Bank of America, Los Angeles, California, United States, 90079
Job Description:Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Wealth Management is one of the largest businesses of its kind in the world specializing in goals-based wealth management, including planning for retirement, education, legacy, and other life goals through investment advice and guidance.Merrill’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America.At Merrill, we empower you to bring your whole self to work. We value diversity in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different backgrounds and bring their unique perspectives, ideas and experiences, helping to create a work community that is culture driven, resilient, results focused and effective.Job Description:
This job is responsible for a wide variety of delegated compliance, administrative, and business functions to support the Merrill Wealth Management Market Executives (MEs) overall managerial and supervisory responsibilities. Key responsibilities include supporting business objectives and contributing to market profitability by influencing Financial Advisor business practices to minimize regulatory, financial, and reputational risks. Job expectations include working independently or with minimal guidance, while keeping the ME and Division Supervision Executive informed on significant matters.The
Market Supervision Manager
(MSM) is a member of the Market Leadership Team, along with the Market Client Relationship Manager (CRM). The Market Supervision Manager (MSM) supports the Firm's business objectives and contributes to the Market's profitability by influencing Financial Advisors (FA) business practices in ways that minimize regulatory and financial risk as well as uphold the Firms' reputation. Additionally, they ensure Financial Advisors are properly licensed; respond to regulatory inquiries and resolve client concerns or complaints. Ultimately, the MSM protects the Firm, grows the business, and serves the client by proactively managing and mitigating risk.What you’ll accomplishManage delegated compliance, administrative and business functions related to the Merrill Wealth Management Market Executive's overall managerial responsibilities for parent and associate officesThis individual functions independently, or with minimal guidance, but must keep the Market Executive informed on significant matters and must determine when the Market Executive should be directly involvedMonitor advisor and client activity including financial transactions to ensure compliance with firm and regulatory requirements and minimize riskCoach advisors in supporting the company strategy and continuing to grow their businesses.Responsibilities:Performs, monitors, and demonstrates adherence to internal and external standards, policies, laws, rules, and regulations related to client advice and recommendations, sales practice activities, and conduct of market personnelManages day-to-day Financial Advisor (FA) business needs, while ensuring adherence to the bank's compliance policies and proceduresCoaches FAs, Client Associates (CAs), and other market personnel to drive adherence of policies and procedures related to the sales practice conductPartners with FAs, CAs, and other market personnel to manage risk of business growth initiatives, ensuring alignment with the bank's enterprise risk appetiteRequired Qualifications:Currently hold SIE, Series 7 AND Series 66 (or Series 63 AND Series 65), Series 9 AND Series 10 (or Series 8) or equivalent licensesSeries 3, 31 licenses, if warrantedMinimum of 5+ years professional experienceProven ability to manage risk, make sound decisions by having a deep understanding of industry regulations, supervisory requirements, policies/procedures, wealth management concepts, and financial services productsKey Qualifications for the role:Ability to speak in terms of client needs and concerns, and coach Financial Advisors on aligning solutions to goals in a suitable and controlled wayA deep appreciation and understanding of our client centric strategyStrong interpersonal skills to provide coaching to Financial Advisors to mitigate risk through segmentation, disciplined investment practices, and documentationStrong analytical skills with ability to identify trends, root cause and effects, and implement improved processes to mitigate riskDemonstrated strong and effective leadership style through clear communication and collaboration with others, making sound decisions with courage and convictionStrong time management and organization skills with the ability to prioritize appropriatelyDesired Qualifications:Bachelor's degree or equivalent work experienceMarket Supervision Manager experience, or completion of Merrill's Office Management Team Associate Development ProgramSkills:Decision MakingInfluenceNegotiationProblem SolvingRisk ManagementAdaptabilityBusiness AcumenCollaborationOral CommunicationsRelationship BuildingBusiness Operations ManagementClient Solutions AdvisoryPlanningTalent DevelopmentWritten CommunicationsShift:1st shift (United States of America)
Hours Per Week:40#J-18808-Ljbffr
This job is responsible for a wide variety of delegated compliance, administrative, and business functions to support the Merrill Wealth Management Market Executives (MEs) overall managerial and supervisory responsibilities. Key responsibilities include supporting business objectives and contributing to market profitability by influencing Financial Advisor business practices to minimize regulatory, financial, and reputational risks. Job expectations include working independently or with minimal guidance, while keeping the ME and Division Supervision Executive informed on significant matters.The
Market Supervision Manager
(MSM) is a member of the Market Leadership Team, along with the Market Client Relationship Manager (CRM). The Market Supervision Manager (MSM) supports the Firm's business objectives and contributes to the Market's profitability by influencing Financial Advisors (FA) business practices in ways that minimize regulatory and financial risk as well as uphold the Firms' reputation. Additionally, they ensure Financial Advisors are properly licensed; respond to regulatory inquiries and resolve client concerns or complaints. Ultimately, the MSM protects the Firm, grows the business, and serves the client by proactively managing and mitigating risk.What you’ll accomplishManage delegated compliance, administrative and business functions related to the Merrill Wealth Management Market Executive's overall managerial responsibilities for parent and associate officesThis individual functions independently, or with minimal guidance, but must keep the Market Executive informed on significant matters and must determine when the Market Executive should be directly involvedMonitor advisor and client activity including financial transactions to ensure compliance with firm and regulatory requirements and minimize riskCoach advisors in supporting the company strategy and continuing to grow their businesses.Responsibilities:Performs, monitors, and demonstrates adherence to internal and external standards, policies, laws, rules, and regulations related to client advice and recommendations, sales practice activities, and conduct of market personnelManages day-to-day Financial Advisor (FA) business needs, while ensuring adherence to the bank's compliance policies and proceduresCoaches FAs, Client Associates (CAs), and other market personnel to drive adherence of policies and procedures related to the sales practice conductPartners with FAs, CAs, and other market personnel to manage risk of business growth initiatives, ensuring alignment with the bank's enterprise risk appetiteRequired Qualifications:Currently hold SIE, Series 7 AND Series 66 (or Series 63 AND Series 65), Series 9 AND Series 10 (or Series 8) or equivalent licensesSeries 3, 31 licenses, if warrantedMinimum of 5+ years professional experienceProven ability to manage risk, make sound decisions by having a deep understanding of industry regulations, supervisory requirements, policies/procedures, wealth management concepts, and financial services productsKey Qualifications for the role:Ability to speak in terms of client needs and concerns, and coach Financial Advisors on aligning solutions to goals in a suitable and controlled wayA deep appreciation and understanding of our client centric strategyStrong interpersonal skills to provide coaching to Financial Advisors to mitigate risk through segmentation, disciplined investment practices, and documentationStrong analytical skills with ability to identify trends, root cause and effects, and implement improved processes to mitigate riskDemonstrated strong and effective leadership style through clear communication and collaboration with others, making sound decisions with courage and convictionStrong time management and organization skills with the ability to prioritize appropriatelyDesired Qualifications:Bachelor's degree or equivalent work experienceMarket Supervision Manager experience, or completion of Merrill's Office Management Team Associate Development ProgramSkills:Decision MakingInfluenceNegotiationProblem SolvingRisk ManagementAdaptabilityBusiness AcumenCollaborationOral CommunicationsRelationship BuildingBusiness Operations ManagementClient Solutions AdvisoryPlanningTalent DevelopmentWritten CommunicationsShift:1st shift (United States of America)
Hours Per Week:40#J-18808-Ljbffr