Trade and Client Review Supervision Principal – Supervision Principal IV

Bank of America•Pennington, AL

4d•$89,000 - $111,900•Onsite

About The Position

Merrill Wealth Management is a provider of wealth management and investment products and services, including goals-based advice and guidance for individuals, companies, and institutions. Its advisory teams combine Merrill investment insights with the banking services of Bank of America. Merrill maintains an in-office culture with attendance requirements and role-specific flexibility, and emphasizes diversity and inclusion. The Supervision Principal performs delegated supervisory functions to identify and mitigate financial, regulatory, and reputational risk. Working in a fast-paced, high-volume environment, the principal reviews, decides, escalates, and resolves supervisory matters for supported branch offices and markets in accordance with firm policies, procedures, and regulatory requirements. The role requires understanding the supported businesses and markets, identifying emerging risks and trends, prioritizing issues, and owning matters through resolution. The principal is a supervisory partner to assigned markets and builds effective relationships with Field Supervision leaders, Office Management Teams, Financial Advisors, Wealth Management Associates, product managers, and control partners. The position calls for effective communication, sound judgment, independent decision-making, adaptability, accountability, and the ability to manage multiple complex matters and competing priorities under pressure. The role works with Field Supervision, business partners, and control functions in support of the firm’s Responsible Growth strategy. This is a first-shift position with 40 hours per week. The listed location is 1300 American Blvd, Hopewell Building 3, Pennington, New Jersey. Merrill has an in-office attendance culture; internal employees currently working from home may apply, but selected candidates may be required to work onsite under the workplace excellence policy. The annualized salary range is $89,000 to $111,900, with offers based on experience, education, and skill set. The role is eligible for an annual discretionary incentive plan and benefits, including paid time off.

Requirements

Hold Series 7 and Series 8 or Series 9/10, and Series 63/65 or Series 66. In lieu of Series 8 or 9/10, the acceptable combination is Series 4, 24, and 53.
At least three years of industry experience.
A deep understanding of industry regulations, supervisory requirements, policies and procedures, wealth management concepts, and financial services products.
High School Diploma, GED, secondary school qualification, or equivalent.
Ability to manage risk and make sound decisions.
Strong analytical, decision-making, and problem-solving skills.
Ability to manage high-volume workloads and prioritize competing demands.
Strong interpersonal and communication skills, with the ability to build productive relationships across organizational levels.
Ability to exercise independent judgment and appropriately escalate complex or higher-risk matters.
Accountability and ability to own issues through resolution.
Positive outlook, receptivity to constructive feedback, and flexibility as processes, policies, and regulations change.
Attention to detail, prioritization, risk management, ability to interpret relevant laws, rules, and regulations, adaptability, business process analysis, and collaboration.

Responsibilities

Ensure compliance with policies, procedures, and regulations and oversee processes within a supervision group to identify, monitor, and limit risk and financial exposure to the business.
Build relationships and partner with Field Supervision leaders, Office Management Teams, Financial Advisors, Wealth Management Associates, Product Managers, and Control Partners to resolve inquiries effectively and promptly.
Review and decide alerts and tasks in a system-of-record application using sound and consistent supervisory judgment.
Identify and appropriately escalate emerging risks and trends that may not be apparent through existing routines, using established criteria, risk factors, and metrics.
Prioritize multiple tasks and maintain the quality and timeliness of work deliverables.