Merrill Market Supervision Manager
Company: Disability Solutions
Location: New York
Posted on: September 28, 2024
Job Description:
Job Description:Merrill Wealth Management is a leading provider
of comprehensive wealth management and investment products and
services for individuals, companies, and institutions. Merrill
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's Financial Advisors
and Wealth Management Client Associates help clients pursue the
life they envision through a personal relationship with their
advisory team committed to their needs. We believe trust comes from
transparency. Our trusted advisory teams are equipped with access
to the investment insights of Merrill coupled with the banking
convenience of Bank of America.At Merrill, we empower you to bring
your whole self to work. We value diversity in our thoughts,
business, and within our employees and clients. Our Wealth
Management team represents an array of different backgrounds and
bring their unique perspectives, ideas and experiences, helping to
create a work community that is culture driven, resilient, results
focused and effective.Job 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
- Manage delegated compliance, administrative and business
functions related to the Merrill Wealth Management Market
Executive's overall managerial responsibilities for parent and
associate offices
- 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
- 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 appetiteRequired 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 productsKey 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
- Prefer Market Supervision Manager experience, or completion of
Merrill's Office Management Team Associate Development
ProgramDesired Qualifications:
- Bachelor's degree or equivalent work experienceSkills:
- 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 CommunicationsShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - NY - NEW
YORK - 75 ROCKEFELLER PLZ (NY3075)Pay and benefits informationPay
range$110,000.00 - $155,000.00 annualized salary, offers to be
determined based on experience, education and skill
set.Discretionary incentive eligibleThis role is eligible to
participate in the annual discretionary plan. Employees are
eligible for an annual discretionary award based on their overall
individual performance results and behaviors, the performance and
contributions of their line of business and/or group; and the
overall success of the Company.BenefitsThis role is currently
benefits eligible. We provide industry-leading benefits, access to
paid time off, resources and support to our employees so they can
make a genuine impact and contribute to the sustainable growth of
our business and the communities we serve.
Keywords: Disability Solutions, New York , Merrill Market Supervision Manager, Executive , New York, New York
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