Merrill Associate Market Supervision Manager

Bank of America

122d

About The Position

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. Merrill is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. 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.

Requirements

• Self-motivated, client centric individual.
• Ability to obtain Series 7 (SIE, 7 Top-Off) AND Series 66 (or Series 63 AND Series 65), Series 9 AND Series 10 (or Series 8) or equivalent licenses, and Series 3 or 31 license (If warranted).
• Minimum 3-5 years of financial services experience preferred.
• Ability to manage risk and make sound decisions with a strong understanding of industry regulations, supervisory requirements, policies/procedures, wealth management concepts, and financial services products.
• Ability to speak in terms of client needs and concerns, and coach financial advisors on aligning solutions to goals in a suitable and controlled way.
• Demonstrated understanding of the importance of mitigating risk through segmentation, disciplined investment practices, and documentation.
• Analytical skills with ability to identify trends, root cause and effects, and implement improved processes to mitigate risk.
• Ability to clearly communicate and collaborate with others.
• Possesses time management and organization skills with the ability to prioritize tasks.

Nice To Haves

• Bachelor’s degree or equivalent work experience.
• Good organizational skills, including the ability to effectively plan, organize and prioritize tasks.
• Previous experience managing a team of at least 10 including the ability to monitor, influence, negotiate, supervise, and delegate.

Responsibilities

• Learn and understand the tasks and responsibilities before taking over a full Market Supervision Manager (MSM) role.
• Responsible for a wide variety of delegated compliance, administrative and business functions related to the Merrill Wealth Management Market Executive's overall managerial responsibilities.
• Function independently, or with minimal guidance, while keeping the Market Executive informed on significant matters.
• Support the company's business objectives and contribute to Market profitability by influencing Financial Advisor business practices to minimize regulatory, financial, and reputational risks.
• Protect the Firm, help grow the business and serve the client by proactively managing and mitigating risk.
• Keep the MWM ME and the other members of the Office Management Team (OMT) informed on significant matters that the AMSM is responsible for handling.

Benefits

• Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure.

What This Job Offers

• Job Type: Full-time
• Education Level: Bachelor's degree