Bank of America Supervision Principal (Trade Review) in Jacksonville, Florida
Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch 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 Lynch’s financial advisors help clients pursue the life they envision through a one-on-one relationship with an advisor committed to their needs. We believe trust comes from transparency. Our trusted financial advisors are equipped with access to the investment insights of Merrill Lynch coupled with the banking convenience of Bank of America.
The role is intended to provide supervision of daily executed trades and various account review scenarios. Items identified within the Online Trade Review (OTR) and Risk Management Supervision (RMS) tools would be researched and either closed or escalated to the branch office for more information/review. Trade & Client Review Supervision performs duties as an extension of or substitute to field management, including: identify, research, and escalate trends and patterns based on review of client and Financial Advisor data.
Job Responsibilities include (but are not limited to) the following:
Perform regulatory mandated supervision of prior day executed trades within OTR
Perform in-depth review of various supervisory scenarios within RMS, including concentration, loss, and margin
Working closely with field management and FAs by establishing and maintaining positive working relationships to ensure business is conducted within guidelines set by the Firm and industry regulations
Maintaining a high level of intellectual curiosity; asking pertinent questions to gather relevant facts surrounding a problem, issue, or objective; weighing the relative importance, adequacy, and validity of information to form fact-based opinions, solve problems and make sound recommendations
Communicating effectively (both written and oral) with field management and FAs using clear, concise, and understandable language
Producing regular commentary on items of concern, ongoing issues, and recurring patterns at a client, FA, or complex level
Proactively anticipating and identifying concerns/issues as part of one’s daily responsibilities
Demonstrating sound and consistent supervisory judgment based on thorough and systematic review of information available
Maintaining positive outlook, receptivity to constructive feedback, and flexibility to accommodate changing processes, policies, and regulations
Openness to periodic travel (1-3 days annually) in support of relationship building with field management and FAs Qualifications :
Bachelor’s Degree (or equivalent work experience)
Prefer fully licensed candidates; however, must have at least the Series 7 in order to be considered for the role
Prefer Series 8 or 9/10 and 63/65 or 66; however, in lieu of the 8 or 9/10 we would consider candidates with all of the following: 4 and 24 and 53. If not already licensed, they must be obtained within a specified timeframe after first date of employment.
Ability to work independently
Strong technical skills
Strong communication and analytical skills
Intellectually curious, detail oriented and excellent organizational skills
Branch office experience or exposure
Knowledge of security products and services
Knowledge of regulatory policies and specifically ML policies/procedures would be helpful
Posting Date : 03/27/2018
Jacksonville, FL, JACKSONVILLE 2, 4802 DEER LAKE DR E,
Pennington, NJ, HOPEWELL BLDG. 3, 1300 AMERICAN BLVD,
Lincoln, RI, 670 GEORGE WASHINGTON HWY (RI1541),
- United States
Travel : Yes, 10% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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