Merrill Market Supervision Manager

Job Description:

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.

Merrills 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.

The Market Supervision Manager (MSM) is a member of the Market Leadership Team along with the Market Client Relationship Manager (CRM). The Market Supervision Manager (MSM) supports the Firms business objectives and contributes to the Markets profitability by influencing Financial Advisors (FA) business practices in ways that minimize regulatory and financial risk as well as uphold the Firms reputation. Additionally they ensure Financial Advisors are properly licensed; respond to regulatory inquiries and resolve client concerns or complaints. The MSM supports the Firms business objectives and contributes to the Markets profitability by influencing Financial Advisors (FA) business practices in ways that minimize regulatory and financial risk as well as uphold the Firms reputation. Ultimately the MSM protects the Firm grows the business and serves the client by proactively managing and mitigating risk.

What youll accomplish

• Manage delegated compliance administrative and business functions related to the Merrill Wealth Management Market Executives overall managerial responsibilities for parent and associate offices

• This individual functions independently or with minimal guidance but must keep the Market Executive informed on significant matters and must determine when the Market Executive should be directly involved

• Monitor advisor and client activity including financial transactions to ensure compliance with firm and regulatory requirements and minimize risk

• Coach advisors in supporting the company strategy and continuing to grow their businesses.

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 banks 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 banks 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

Key Qualifications for the role:

• 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

• A deep appreciation and understanding of our client centric strategy

• Strong interpersonal skills to provide coaching to Financial Advisors to mitigate risk through segmentation disciplined investment practices and documentation

• Strong analytical skills with ability to identify trends root cause and effects and implement improved processes to mitigate risk

• Demonstrated strong and effective leadership style through clear communication and collaboration with others making sound decisions with courage and conviction

• Strong time management and organization skills with the ability to prioritize appropriately

Desired Qualifications:

• Bachelors degree or equivalent work experience

• Market Supervision Manager experience or completion of Merrills Office Management Team Associate Development Program

Skills:

• Decision Making

• Influence

• Negotiation

• Problem Solving

• Risk Management

• Adaptability

• Business Acumen

• Collaboration

• Oral Communications

• Relationship Building

• Business Operations Management

• Client Solutions Advisory

• Planning

• Talent Development

• Written Communications

Internal employees who are currently working from home are still eligible to apply. However if selected for the role you may be required to work onsite in accordance with the workplace excellence policy.

Shift:

Hours Per Week: