Supervision Manager - Pennington, NJ
Posted on: 13 Mar 2021
Pennington, NJ
Job Description
Job Description:
The Supervision Manager position will serve to ensure regulatory compliance and corporate mandates for all administrative and operational activities performed in the Merrill Edge Client Management (MECM) Center. Merrill Edge is a telephone-based platform that provides mass affluent clients with holistic financial advice and deepens client relationships by identifying broader product and service solutions to meet their investment, savings and credit needs. A predominant objective of the position is to limit risk and financial exposure to the business unit and the Firm and supervise the sales units overall adherence to Firm policies and procedures.
Responsibilities include (but are not limited to) the following:
Reviews and responds to Sales Practice client complaints received verbally or in writing for Merrill Edge
Conducts thorough supervisory reviews of account transactions including Risk Management System (RMS), End of Day (EOD) and Online Trade Review (OTR)
Approves new accounts and margin requests
Approves and reviews trade corrections
Option strategy approval and ongoing supervision
Reviews and maintains all Compliance and Regulatory Correspondence
Performs client contact as necessary
Manages projects and initiatives to improve sales supervision and risk management
Develops advisor proficiency through supplemental training, active coaching & remediation of policy and procedure violations
Required skills:
* Prefer candidates holding FINRA Series 7, 8 or 9/10, 63/65 or 66 (in lieu of the 8 or 9/10 we could consider candidates holding all of the following licenses: 4 and 24 and 53)
* Would consider candidates without the Series 7, 63/65 or 66 or 9/10; however candidate must be willing to obtain licenses within 120 days
* Strong Leadership and Communication skills
* Able to foster collaborative relationships within and across business units
* Demonstrate integrity and remains calm under pressure
* Familiarity with compliance and regulatory issues
* Proficient in Microsoft Office applications
* Merrill Edge, Merrill Lynch, or Operations experience
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
