Bank Of America Merrill Advisory Development Program Oversight Principal 

United States, Florida, Jacksonville 

154237560

Job Description:

Job Description:
This job is responsible for performing specific delegated supervisory functions to minimize financial, regulatory, and reputational risks. Key responsibilities include reviewing, decisioning, escalating, and resolving supervisory tasks on behalf of the branch office, as determined by policy, procedure, and regulatory requirements. Job expectations include working with Field Supervision leaders, Office Management Teams, Financial Advisors, Wealth Management Associates, Product Managers, and Control Partners to support the bank's responsible growth strategy.

The Merrill Advisory Development Program (ADP) Oversight Supervision Principal IV role manages diverse administrative, operational, supervisory, and regulatory oversight functions within a supervision group for multiple business channels, and is responsible for a wide variety of delegated processes or projects. The ADP program is strategically focused on training and developing the next generation of Advisors. Regulatory oversight includes an expectation to have routine dialogue and collaborate with various line of business partners and senior supervision leadership on multiple processes or projects from development through to completion. The primary objective of the role is to reduce risk to the Firm, including all lines of business and employees, by performing in-depth analysis aimed at assessing and identifying potential risks that may hinder the reputation of effectiveness of the Firm. Principals will articulate methodology, review documentation, escalate and identify key areas of risk and make recommendations for risk mitigation by effectively coordinating all aspects of an assigned process or project. Requires supervisory experience and thorough knowledge of Firm and regulatory requirements including the variety of products and services offered.

Responsibilities include, but are not limited to:

• Responsible for Supervision processes to support the Advisory Development Program
• Performs supervisory reviews of select activity as necessary through various supervisory applications, which could include Enterprise Account Opening (EAO), Online Trade Review (OTR), ML One Control Panel, ProofPoint, Risk Management Supervision (RMS), Client Management Center (CMC) and Supervision Dashboard, Fiduciary Dashboard, Registration Dashboard.
• Monitors and takes action related to various control/ad hoc reports
• Identifies and escalates Advisor conduct concerns assisting Office Management Teams in resolution.
• Routinely partners with Market and Division Leadership
• Demonstrating sound and consistent judgment based on thorough and systematic review of information available
• Maintaining a high level of intellectual curiosity; asking pertinent questions to gather relevant facts surrounding a problem, issue, or objective; weighing the relative importance, adequacy, and validity of information to form fact-based opinions, solve problems and make sound recommendations
• Communicating effectively (both written and oral) with colleagues, Advisors and leadership using clear, concise, and understandable language
• Ensures compliance with policies, procedures, and regulations and oversees processes within a supervision group to identify, monitor, and limit risk and financial exposure to the business
• Partners and builds relationships with Field Supervision leaders, Office Management Teams, Financial Advisors, Wealth Management Associates, Product Managers, and Control Partners to resolve inquiries effectively and promptly
• Reviews and decisions alerts and tasks within a system of record application, while leveraging sound and consistent supervisory judgment
• Identifies and appropriately escalates emerging risks and trends that may not be readily recognized via existing routines, informed by established criteria, risk factors, and metrics
• Manages and prioritizes multiple tasks and maintains quality and timeliness of work deliverables and timelines

Qualifications/Desired Skills:

• Bachelor’s Degree (or equivalent work experience)
• Series 7, and 8 or 9/10, and 63/65 or 66 desired to be considered for the role (in lieu of the 8 or 9/10 the following combination: 4, 24 and 53)
• 5 years minimum wealth management experience
• 2 years minimum in a Supervision role
• Strong orientation toward cross-functional collaboration/partnership
• Strong adaptability and capacity to work in fast-paced environments
• Detail oriented and excellent time management and organizational skill
• Excellent communication skills
• Track record of sound supervisory judgment, attention to detail and decision making
• Ability to work independently and remotely from manager/colleagues
• Branch office experience or exposure would be helpful
• Working knowledge of security products and services required
• Working knowledge of regulatory policies and specifically ML policies/procedures expected
• Proficiency with Microsoft Outlook, Word, Excel
• Attention to Detail
• Prioritization
• Problem Solving
• Relationship Building
• Risk Management
• Decision Making
• Interpret Relevant Laws, Rules, and Regulations
• Written Communications
• Adaptability
• Business Process Analysis
• Collaboration
• Oral Communications

High School Diploma / GED / Secondary School or equivalent

1st shift (United States of America)