New Accounts Supervision Principal – Supervision Principal II

Bank of America • Jacksonville, FL

14h • Onsite

About The Position

The New Account Supervision team reviews and approves new accounts submitted through the Enterprise Account Opening platform (EAO) for Merrill Lynch Wealth Management (MLWM) domestic advisory accounts and the Account Opening Wizard platform (AOW) for MLWM International Advisory accounts. The team serves as the first line of defense during client onboarding, ensuring applications comply with applicable FINRA, anti-money laundering (AML), and know-your-customer (KYC) rules and regulations.

This role provides regulatory supervision and oversight for processes across multiple business channels. Principals focus on specific processes and apply knowledge of Firm policies, procedures, and regulatory requirements to review, decide, escalate, and resolve related activities. The role requires independent work as well as collaboration with peers and field management, sound risk evaluation, attention to detail, and consistent supervisory judgment.

Merrill is committed to an in-office culture with role-specific attendance requirements and some flexibility. Internal employees currently working from home may apply, but may be required to work onsite if selected. The position is based at 1300 American Blvd, Hopewell Building 3, Pennington, New Jersey. It is a first-shift role with 40 hours per week.

Requirements

• Series 7 license.
• At least 2 years of industry experience.
• Strong technical, analytical, and communication skills.
• Attention to detail and strong time-management and organizational skills.
• Ability to work independently.
• Actively promote and exhibit professional behavior.
• High school diploma, GED, secondary school education, or equivalent.

Nice To Haves

• Series 8 or Series 9/10, and Series 63 and 65 or 66; if not already licensed, these must be obtained within a timeframe specified at the time of offer.
• Strong oral and written communication and analytical skills.
• Attention to detail and excellent organizational skills.
• Branch office and new accounts experience or exposure.
• Working knowledge of regulatory policies, particularly ML policies and procedures.
• Ability to interpret relevant laws, rules, and regulations.
• Prioritization skills.
• Problem-solving skills.
• Relationship-building skills.
• Risk-management skills.
• Decision-making skills.
• Adaptability.
• Business process analysis skills.
• Collaboration skills.
• Bachelor’s degree or equivalent work experience.

Responsibilities

• Perform regulatory-mandated supervision of new accounts submitted by Merrill Financial Advisors.
• Work with key business partners, including local Market Office Management Teams, and maintain positive relationships to ensure business is conducted within Firm and industry guidelines.
• Communicate clearly and effectively in writing and orally.
• Produce regular commentary on concerns, ongoing issues, and recurring patterns.
• Proactively anticipate and identify concerns and issues as part of daily responsibilities.
• Complete work accurately and efficiently.
• Apply sound, consistent supervisory judgment based on thorough and systematic review of available information.
• Make timely, risk-based decisions and act decisively.
• Maintain a positive outlook, be receptive to constructive feedback, and adapt to changing processes, policies, and regulations.

Benefits

• Benefits eligibility.
• Access to paid time off.
• Eligibility to participate in an annual discretionary incentive plan, with awards based on individual performance and behaviors, line-of-business or group performance and contributions, and overall company success.
• Resources and support for employees.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED