Bank of America
Merrill Market Supervision Manager
Bank of America, Washington, District of Columbia, us, 20022
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1 week ago Be among the first 25 applicants
Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. We specialize in goals‑based wealth management, including retirement, education, legacy, and other life goals through investment advice and guidance.
The Market Supervision Manager (MSM) is a member of the Market Leadership Team and supports the firm’s business objectives by minimizing regulatory and financial risk, ensuring proper licensing, responding to regulatory inquiries, and resolving client concerns. The MSM protects the firm, grows the business, and serves the client by proactively managing and mitigating risk.
What You’ll Accomplish
Manage delegated compliance, administrative and business functions related to the Merrill Wealth Management Market Executive’s overall managerial responsibilities for parent and associate offices
Operate independently, providing the Market Executive with significant updates and determining when direct involvement is required
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 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
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
Bachelor’s degree or equivalent work experience
Market Supervision Manager experience, or completion of Merrill’s 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
Shift: 1st shift (United States of America)
Hours Per Week: 40
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Sales and Business Development
Industries Banking
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1 week ago Be among the first 25 applicants
Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. We specialize in goals‑based wealth management, including retirement, education, legacy, and other life goals through investment advice and guidance.
The Market Supervision Manager (MSM) is a member of the Market Leadership Team and supports the firm’s business objectives by minimizing regulatory and financial risk, ensuring proper licensing, responding to regulatory inquiries, and resolving client concerns. The MSM protects the firm, grows the business, and serves the client by proactively managing and mitigating risk.
What You’ll Accomplish
Manage delegated compliance, administrative and business functions related to the Merrill Wealth Management Market Executive’s overall managerial responsibilities for parent and associate offices
Operate independently, providing the Market Executive with significant updates and determining when direct involvement is required
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 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
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
Bachelor’s degree or equivalent work experience
Market Supervision Manager experience, or completion of Merrill’s 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
Shift: 1st shift (United States of America)
Hours Per Week: 40
Seniority level Mid‑Senior level
Employment type Full‑time
Job function Sales and Business Development
Industries Banking
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