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Supervision Principal IV – Supervision Complex Products

Charlotte, North Carolina;

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:

  • Bachelor’s 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 designation

Please 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:

  • Bachelor’s 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 designation

Please 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: 

40

Learn more about this role

Full time

JR-21028221

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Olivia Robinson

Referral Bonus:

0