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Merrill Lynch Market Supervision Manager - Seattle, WA

Seattle, Washington

Job Description:

Business Overview:

Merrill Lynch Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill Lynch 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 Lynch’s financial advisors help clients pursue the life they envision through a one-on-one relationship with an advisor committed to their needs.  We believe trust comes from transparency.  Our trusted financial advisors are equipped with access to the investment insights of Merrill Lynch coupled with the banking convenience of Bank of America.

The Market Supervision Manager (MSM) is a direct report to the Division Supervision Executive, with a matrix reporting line to the Market Executive. These managers are client centric leaders in the organization. They are key partners with clients and Financial Advisors in risk management to ensure risk is appropriately managed.

 

The Market 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 Director and coaching the Financial Advisor. Their functions are related to the Market Executives overall responsibilities for the branch offices within the Market and are delegated to the Market Supervision Manager. In addition to their primary functions, the Market Supervision Manager will partner with and backup the Client Relationship Manager.

 

The Market 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 Market Supervision Manager partners with the Supervision on many supervisory functions. 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.

Required Skills:

  • The ideal candidate is a self-motivated, client centric individual who has:
  • Series 7, 66, 9, 10 (or equivalent) Licenses required
  • Series 3, 31 licenses, if warranted
  • 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
  • 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
  • If currently an internal associate, completion of Associate Office Management Team Development program and/or currently a Merrill Lynch Market Supervision Manager required

Desired Skills:

  • Bachelor’s degree or equivalent work experience

Job Description:

The Market Supervision Manager is a direct report to the Division Supervision Executive, with a matrix reporting line to the Market Executive. These managers are client centric leaders in the organization. They are key partners with clients and Financial Advisors in risk management to ensure risk is appropriately managed. The Market 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 Director and coaching the Financial Advisor. Their functions are related to the Market Executives overall responsibilities for the branch offices within the Market and are delegated to the Market Supervision Manager. In addition to their primary functions, the Market Supervision Manager will partner with and backup the Client Relationship Manager. The MSM 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

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-20016048

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
1215 4TH AVE, WA, Seattle, 98161