Merrill Market Supervision Manager

Merrill Market Supervision Manager
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 brings their unique perspectives, ideas, and experiences, helping to create a work community that is culture driven, resilient, results focused and effective.
Merrill Private Wealth Division provides comprehensive wealth management services to affluent and high-net-worth clients along with retirement and benefit plan services, philanthropic solutions, and asset management to individuals and institutions.
The Private Wealth Supervision Manager's role is to supervise our Private Wealth advisors and clients to ensure full compliance with laws and policies while focusing on the needs of Ultra High Net Worth Families.
These managers are client-centric leaders in the organization.
They are key partners with clients and Private Wealth Advisors in risk management to ensure risk is appropriately managed.
The Private Wealth Supervision Manager is an integral member of the Office Management Team (OMT) and is responsible for a variety of supervision, compliance, and risk management functions.
Many of these functions are focused on managing risk in client outcomes, partnering with the Regional Managing Director and coaching the Advisor.
Their functions are related to the Regional Managing Director's overall responsibilities for the branch offices delegated to the Private Wealth Supervision Manager.
In addition to their primary functions, the Private Wealth Supervision Manager will partner with and back up the Client Relationship Manager.
The Private Wealth Supervision Manager operates with minimal guidance, monitors adherence to policies, acts as the independent voice on risk, supports the company's business objectives, and contributes to branch office profitability by influencing FA business practices in ways that minimize regulatory, financial, and reputational risks.
In addition, the Private Wealth Supervision Manager partners with Centralized Supervision.
Collectively, the branch and central supervision teams are responsible for ensuring robust supervision is conducted and ensuring solutions around client needs and concerns are managed in alignment with client goals.Position Overview:
The Private Wealth Supervision Manager (PWSM) position reports to the Merrill Private Wealth Business Segment Supervision Executive (BSSE), with dual reporting to the Merrill Private Wealth Management Regional Managing Director (RMD).The PWSM functions as a member of the market leadership team, responsible for a wide variety of delegated compliance, administrative, and business functions related to the MPWM RMD's overall managerial responsibilities for parent and associate offices.
He or she functions independently or with minimal guidance but must keep the PWM RMD informed on significant matters and must determine when the PWM RMD should be directly involved.
The PWSM supports the company's business objectives and contributes to market profitability by influencing Private Wealth Advisor business practices in ways that minimize regulatory, financial, and reputational risks.Required Skills:
MUST have these skills to be minimally qualified:
The ideal candidate is a self-motivated, client-centric individual who has:
Series 7, 66, 9, 10 (or equivalent) Licenses requiredSeries 3, 31 licenses, if warrantedProven 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 productsAbility to speak in terms of client needs and concerns, and coach Private Wealth Advisors on aligning solutions to goals in a suitable and controlled wayA deep appreciation and understanding of our client-centric strategyStrong interpersonal skills to provide coaching to Private Wealth Advisors to mitigate risk through segmentation, disciplined investment practices, and documentationStrong analytical skills with the ability to identify trends, root cause and effects, and implement improved processes to mitigate riskDemonstrated strong and effective leadership style through clear communication and collaboration with others, making sound decisions with courage and convictionStrong time management and organization skills with the ability to prioritize appropriatelyIf currently an internal associate, completion of Associate Office Management Team Development program and/or currently a Merrill Lynch Market Supervision Manager strongly preferredDesired Skills:
Bachelor's degree or equivalent work experienceSkills:
Decision MakingInfluenceNegotiationProblem SolvingRisk ManagementAdaptabilityBusiness AcumenCollaborationOral CommunicationsRelationship BuildingBusiness Operations ManagementClient Solutions AdvisoryPlanningTalent DevelopmentWritten CommunicationsMinimum Education Requirement:
High School Diploma / GED / Secondary School or equivalentShift:
1st shift (United States of America)Hours Per Week:
40
•