Associate Market Supervision Manager
Posted on: 20 Feb 2021
Santa Monica, CA
Job Description
Job Description:
The Associate Private Wealth Supervision Manager (AMSM) functions as a member of the market leadership team, responsible for a wide variety of delegated compliance and business functions related to the Market Executive's overall managerial responsibilities for parent and associate offices. The Associate Private Wealth Supervision Manager supports the company's business objectives and contributes to market profitability by influencing Financial Advisor business practices in ways that minimize regulatory, financial and reputational risks. This is a role in which the associates will learn and understand the tasks and responsibilities before taking over a full Private Wealth Supervision Manager (MSM) role.
The Associate Private Wealth Supervision Manager (AMSM) reports to the Merrill Lynch Wealth Management Market Executive (MLWM ME) with dual reporting to the Division Supervision Executive (DSE). The AMSM is a member of the Market Leadership Team, along with the Private Wealth Supervision Manager and Client Relationship Manager. The AMSM protects the Firm, helps grow the business and serves the client by proactively managing and mitigating risk. He or she functions with guidance, and keeps the MLWM ME and the other members of the Office Management Team (OMT) informed on significant matters that the AMSM is responsible for handling and determines when the MLWM ME should be directly involved.
Requirements for the AMSM Role:
The ideal candidate is a self-motivated, client centric individual who has:
* Security Industry Essentials Exam (SIE), Series 7 Topper, Series 66, 9, 10 Licenses (or equivalents) and Series 3 or 31 license (If warranted), Or is able to obtain any/all of them in a specified period of time
* If Unlicensed, must successfully pass the AP Reasoning Exam
* Minimum 3-5 years of financial services experience required
* Ability to manage risk, make sound decisions by having an understanding of industry regulations, supervisory requirements, policies/procedures, wealth management concepts, and financial services products
* 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
* An appreciation and understanding of our client centric strategy
* Demonstrated understanding of the importance of mitigating risk through segmentation, disciplined investment practices, and documentation
* Analytical skills with ability to identify trends, root cause and effects, and implement improved processes to mitigate risk
* Ability to clearly communicate and collaborate with others
* Possesses time management and organization skills with the ability to prioritize tasks
Strongly Preferred:
* Bachelors degree or equivalent work experience
* Good organizational skills, including the ability to effectively plan, organize and prioritize tasks
* Previous experience managing a team of at least 10 including the ability to monitor, influence, negotiate, supervise and delegate a plus
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America
Charlotte, NC
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans.
This segment provides its products and services through approximately 4,300 financial centers; 16,300 ATMs; call centers; and digital banking platforms. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients’ wealth structuring, investment management, and trust and banking needs, including specialty asset management services.
The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services.
The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina.
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IndustryBanking/Financial Services
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No. of Employees205,000
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Website
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Jobs Posted2694
