Supervision Manager

Job Description:

At Bank of America we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients teammates communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace attracting and developing exceptional talent supporting our teammates physical emotional and financial wellness recognizing and rewarding performance and how we make an impact in the communities we serve. Bank of America 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 Bank of America you can build a successful career with opportunities to learn grow and make an impact. Join us!

Enterprise Job Description:
This job is responsible for supervising client account activities by monitoring administrative sales and trading tasks performed by registered employees. Key responsibilities include limiting risk and financial exposure to the business unit and the bank for registered employees located in call centers or financial centers. Job expectations include overseeing day-to-day front line supervision including mandated supervisory reviews and enterprise alerts trade solution and enrollment review trade correction and complaint resolution. The Onboarding and Managed Product Supervision team is responsible for primarily the review and approval of investment account applications submitted in the Consumer Investment space. Key responsibilities include reviewing suitability and best interest elements prior to approving new accounts or enrollment into platform offerings and identifying and escalating emerging risks and trends.

Required Qualifications:

• Licenses needed at hire: FINRA Series 7 66 9/10 or equivalent required

Desired Qualifications:

• Familiarity with compliance and regulatory issues
• Proficient in Microsoft Office applications
• Merrill Edge Merrill Lynch or Operations experience

Responsibilities:

• Ensures employees comply with policies procedures and regulations to limit risk and financial exposure to the business and the firm
• Review DOL Trend Reporting to identify outliers
• Review and approve account applications for advised accounts while determining suitability and best-interest requirements for managed program enrollments
• Partner closely with the local Home Office or Field Supervision Managers to communicate trends and resolve any escalations that may arise
• Partner effectively with internal and external wholesalers to drive appropriate advisor behavior in the region
• Demonstrate efficiency by consistently meeting or exceeding expectations with the Service Level Agreement for managed account enrollment review
• Provide backup coverage as needed when peers are out of the office or capacity needs arise
• Demonstrate organization in completing day to day responsibilities including but not limited to queue management and advisor communication
• Maintain a positive attitude commitment to excel and passion for supervision in all tasks completed

• Attend team meetings to share recent trends or managed product enrollment updates with the impacted advisors
• Reference policy when needed to assist advisors with their questions
• Partner closely with local Office Management Teams (OMT) including Market Supervision Managers (MSMs) regarding managed product related questions and requests
• Escalate trends identified in their reviews and leverage peers across other LOBs to resolve
• Join or lead initiatives and process improvement opportunities
• Assist with training coaching and the preparation/approval of FSA and Supervision resources (as needed)
• Creates and oversees team workflow including mandated supervisory reviews and enterprise alerts trade solution and enrollment review and trade correction for consumer investments
• Monitors employees in call centers or financial centers ability to handle and resolve complaints

Skills:

• Attention to Detail
• Continuous Improvement
• Controls Management
• Risk Management
• Fraud Management
• Issue Management
• Monitoring Surveillance and Testing
• Policies Procedures and Guidelines Management
• Regulatory Relations
• Active Listening
• Decision Making
• Due Diligence
• Leadership Development
• Oral Communications

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week:

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