Description
:
This job is responsible for a wide variety of delegated compliance, administrative, and business functions to support the Merrill Wealth Management Market Executives (MEs) overall managerial and supervisory responsibilities. Key responsibilities include supporting business objectives and contributing to market profitability by influencing Financial Advisor business practices to minimize regulatory, financial, and reputational risks. Job expectations include working independently or with minimal guidance, while keeping the ME and Division Supervision Executive informed on significant matters.
The Market Supervision Manager (MSM) is a member of the Market Leadership Team, along with the Market Client Relationship Manager (CRM). The Market Supervision Manager (MSM) supports the Firm's business objectives and contributes to the Market's profitability by influencing Financial Advisors (FA) business practices in ways that minimize regulatory and financial risk as well as uphold the Firms' reputation. Additionally, they ensure Financial Advisors are properly licensed; respond to regulatory inquiries and resolve client concerns or complaints. Ultimately, the MSM protects the Firm, grows the business, and serves the client by proactively managing and mitigating risk.
What you’ll accomplish
1. Manage delegated compliance, administrative and business functions related to the Merrill Wealth Management Market Executive's overall managerial responsibilities for parent and associate offices
2. This individual functions independently, or with minimal guidance, but must keep the Market Executive informed on significant matters and must determine when the Market Executive should be directly involved
3. Monitor advisor and client activity including financial transactions to ensure compliance with firm and regulatory requirements and minimize risk
4. Coach advisors in supporting the company strategy and continuing to grow their businesses.
Responsibilities:
5. 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
6. Manages day-to-day Financial Advisor (FA) business needs, while ensuring adherence to the bank's compliance policies and procedures
7. Coaches FAs, Client Associates (CAs), and other market personnel to drive adherence of policies and procedures related to the sales practice conduct
8. 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:
9. 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
10. Series 3, 31 licenses, if warranted
11. Minimum of 5+ years professional experience
12. 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:
13. 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
14. A deep appreciation and understanding of our client centric strategy
15. Strong interpersonal skills to provide coaching to Financial Advisors to mitigate risk through segmentation, disciplined investment practices, and documentation
16. Strong analytical skills with ability to identify trends, root cause and effects, and implement improved processes to mitigate risk
17. Demonstrated strong and effective leadership style through clear communication and collaboration with others, making sound decisions with courage and conviction
18. Strong time management and organization skills with the ability to prioritize appropriately
Desired Qualifications:
19. Bachelor's degree or equivalent work experience
20. Market Supervision Manager experience, or completion of Merrill's Office Management Team Associate Development Program
Skills:
21. Decision Making
22. Influence
23. Negotiation
24. Problem Solving
25. Risk Management
26. Adaptability
27. Business Acumen
28. Collaboration
29. Oral Communications
30. Relationship Building
31. Business Operations Management
32. Client Solutions Advisory
33. Planning
34. Talent Development
35. Written Communications
Shift:
1st shift (United States of America)
Hours Per Week:
40