Merrill Market Supervision Manager

Bank of America; Miami (FL); On-site; USD 125,000 - 150,000; Full time

Job summary

A leading financial institution in Miami seeks a Compliance Manager for Merrill Wealth Management. The role involves supporting business compliance, managing Financial Advisor practices, and minimizing risks. Candidates should have at least 5 years of experience and relevant licenses. This position offers a 40-hour work week with a commitment to office attendance.

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 licenses.
• Minimum of 5+ years professional experience.
• Proven ability to manage risk and make sound decisions.

Responsibilities

• Perform compliance and adherence to internal and external standards.
• Manage day-to-day Financial Advisor business needs.
• Coach FAs and Client Associates to drive adherence to policies.

Skills

Risk Management

Decision Making

Influence

Negotiation

Problem Solving

Relationship Building

Adaptability

Business Acumen

Collaboration

Oral Communications

Client Solutions Advisory

Business Operations Management

Planning

Written Communications

Education

Bachelor's degree or equivalent work experience

Job description

Overview

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.

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.

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 personnel
• Manages day-to-day Financial Advisor (FA) business needs, while ensuring adherence to the bank's compliance policies and procedures
• Coaches FAs, Client Associates (CAs), and other market personnel to drive adherence of policies and procedures related to the sales practice conduct
• Partners with FAs, CAs, and other market personnel to manage risk of business growth initiatives, ensuring alignment with the bank's enterprise risk appetite

Required 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 licenses
• Series 3, 31 licenses, if warranted
• Minimum of 5+ years professional experience
• Proven 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 products

Desired Qualifications

• Bachelor's degree or equivalent work experience
• Market Supervision Manager experience, or completion of Merrill's Office Management Team Associate Development Program

Skills

• Risk Management
• Decision Making
• Influence
• Negotiation
• Problem Solving
• Relationship Building
• Adaptability
• Business Acumen
• Collaboration
• Oral Communications
• Client Solutions Advisory
• Business Operations Management
• Planning
• Written Communications

Shift

1st shift (United States of America)

Hours Per Week

40