Market Supervision Manager
3 weeks ago
Job Summary
This role is responsible for providing support to the Merrill Wealth Management Market Executive in managing the day-to-day business needs of Financial Advisors. The successful candidate will have a strong understanding of industry regulations and supervisory requirements, as well as the ability to coach Financial Advisors on aligning solutions to client goals in a suitable and controlled way.
Key Responsibilities
- Manage delegated compliance, administrative, and business functions related to the Merrill Wealth Management Market Executive's overall managerial responsibilities
- Monitor advisor and client activity, including financial transactions, to ensure compliance with firm and regulatory requirements and minimize risk
- Coach Financial Advisors on supporting the company strategy and continuing to grow their businesses
- Perform, monitor, and demonstrate adherence to internal and external standards, policies, laws, rules, and regulations related to client advice and recommendations, sales practice activities, and conduct of market personnel
Requirements
- Currently hold SIE, Series 7, and Series 66 (or Series 63 and Series 65) licenses
- Series 3 and 31 licenses, if warranted
- Minimum of 5+ years professional experience
- Proven ability to manage risk, make sound decisions, and have a deep understanding of industry regulations, supervisory requirements, policies/procedures, wealth management concepts, and financial services products
Preferred Qualifications
- 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
- Strong interpersonal skills to provide coaching to Financial Advisors to mitigate risk through segmentation, disciplined investment practices, and documentation
- Strong analytical skills with the ability to identify trends, root cause, and effects, and implement improved processes to mitigate risk
Working at Bank of America
At Bank of America, we're committed to helping our clients achieve their financial goals. We're a leader in the financial services industry, with a long history of innovation and a strong commitment to our customers and communities. We're proud to offer a dynamic and inclusive work environment that supports the growth and development of our employees.
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