Supervision Principal IV – Supervision Complex Products

Bank of America


Job Description
Supervision Principal IV Supervision Complex ProductsCharlotte;Dallas, Texas; Pennington, New Jersey; Jacksonville, Florida**Job Description:**+ **Description** Supervisory Principals in this role are responsible for actively monitoring Financial Advisor activities involving complex products, to ensure compliance with firm policies and procedures and relevant laws, rules and regulations.Job Responsibilities include (but are not limited to) the following:+ Daily, weekly and monthly reviews of transactions in certain complex products such as annuities, life insurance, mutual funds, and others as needed both pre-trade and post-trade+ Role may include additional complex product supervisory responsibilities in support of cross-training strategy+ Identify potentially suspicious patterns and business practices and take appropriate action to impact behavior, including escalation and follow-up as needed in collaboration with the OMT and internal business units+ Communicate effectively (both written and oral) with a variety of audiences including internal staff, Supervision leadership, field management, Financial Advisors, and product groups+ Demonstrate sound and consistent supervisory judgment based on thorough and systematic review of information available+ Keeping up to date with company policies and industry regulations; ability to interpret and apply firm policies and procedures and incorporate into daily processes+ Routinely interacts within a team environment to identify potential sales practice concerns, initiate escalations, and consult on problematic individuals or offices+ This role may be relied upon to work on projects to evaluate and enhance supervision processes**Required Skills:**+ Bachelors Degree (or equivalent work experience)+ Series 7, and 8 or 9/10, and 63/65 or 66 required to be considered for the role (in lieu of the 8 or 9/10 the following combination: 4, 24 and 53).+ 3 years minimum of industry 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 products+ Strong work ethic and time management skills+ Strong communication and analytical skills+ Detail oriented, self-reliant, and intellectually curious+ Good working knowledge of financial products and the financial planning process+ Strong drive to learn independently critical for success+ **Desired Skills:**+ 2 years of experience in a supervision role+ Experience with insurance products+ CFP, CRPC, or CFU designationPlease be advised that under current company policy, Merrill Lynch does not sponsor a visa petition or other work authorization, nor will the company provide relocation assistance, for this position.**Job Band:**H5**Shift:**1st shift (United States of America)**Hours Per Week:**40**Weekly Schedule:****Referral Bonus Amount:**0**Job Description:**+ **Description** Supervisory Principals in this role are responsible for actively monitoring Financial Advisor activities involving complex products, to ensure compliance with firm policies and procedures and relevant laws, rules and regulations.Job Responsibilities include (but are not limited to) the following:+ Daily, weekly and monthly reviews of transactions in certain complex products such as annuities, life insurance, mutual funds, and others as needed both pre-trade and post-trade+ Role may include additional complex product supervisory responsibilities in support of cross-training strategy+ Identify potentially suspicious patterns and business practices and take appropriate action to impact behavior, including escalation and follow-up as needed in collaboration with the OMT and internal business units+ Communicate effectively (both written and oral) with a variety of audiences including internal staff, Supervision leadership, field management, Financial Advisors, and product groups+ Demonstrate sound and consistent supervisory judgment based on thorough and systematic review of information available+ Keeping up to date with company policies and industry regulations; ability to interpret and apply firm policies and procedures and incorporate into daily processes+ Routinely interacts within a team environment to identify potential sales practice concerns, initiate escalations, and consult on problematic individuals or offices+ This role may be relied upon to work on projects to evaluate and enhance supervision processes**Required Skills:**+ Bachelors Degree (or equivalent work experience)+ Series 7, and 8 or 9/10, and 63/65 or 66 required to be considered for the role (in lieu of the 8 or 9/10 the following combination: 4, 24 and 53).+ 3 years minimum of industry 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 products+ Strong work ethic and time management skills+ Strong communication and analytical skills+ Detail oriented, self-reliant, and intellectually curious+ Good working knowledge of financial products and the financial planning process+ Strong drive to learn independently critical for success+ **Desired Skills:**+ 2 years of experience in a supervision role+ Experience with insurance products+ CFP, CRPC, or CFU designationPlease be advised that under current company policy, Merrill Lynch does not sponsor a visa petition or other work authorization, nor will the company provide relocation assistance, for this position.**Shift:**1st shift (United States of America)**Hours Per Week:**40Learn more about this roleFull timeJR-22010324Band: H5Manages People: NoTravel: NoManager:Talent Acquisition Contact:Daisy SteakleyReferral Bonus:0Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .
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