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Centralized Supervision Principal

Pennington, New Jersey;

Job Description:

Supervision Principals perform a defined set of supervisory reviews of registered associates activities and principal approvals including e-mail and personal brokerage activity, new accounts, specified investment transactions, audit/compliance, coordination of certain projects, associate training, and process improvement. Other key responsibilities include the supervisory review of key suitability and best interest elements prior to enrollment into platform offerings and identifying and escalating emerging risks and trends. May be involved in projects for the development and/or implementation of new processes/procedures to improve operating efficiency and to ensure timeliness and accuracy of work/flow. May also be involved in high-level associate or customer contact and collaboration with Supervision Managers.

Must have Series 7, 8 or 9/10, 63/65 or 66 to be considered for the role (in lieu of the 8 or 9/10 we could consider candidates holding all of the following licenses:  4, 24, and 53)

Primary responsibilities include (but are not limited to) the following:

• Review and approve account applications for MESD, MECM, MGI and MGIA accounts, while determining suitability for Merrill Guided Investing with Advisor enrollments

• Review and approve margin applications for both existing and new accounts

• Review and approve paper applications for certain account types and platforms

• Provide review details in a clear and concise manner to the FSAs

• Proactively identify trends in each region in order to mitigate risk

• Serve to ensure regulatory compliance and corporate mandates for designated administrative and operational activities performed in the Merrill Edge platform.

• New hire on boarding Registration

• Existing employee registration and maintenance

• E-communication escalation review and remediation

• Registration Dashboard

• Quarterly Registration audit

• Annual Compliance Attestation

• Branch Office Registered Employee Questionnaire compliance

• Annual AIM Attestation and monthly associate cash and transaction reports; outside business activity review

• Firm Element and all Learning Mandates

• FINRA CE compliance

• Management of the Supervisor Information Database

• Designated supervisory reviews as needed

• Partner closely with the local Home Office or Field Supervision Managers to communicate trends and resolve any escalations that may arise

• Partner effectively with internal and external wholesalers to drive appropriate advisor behavior in the region

• Demonstrate efficiency by consistently meeting or exceeding expectations with the Service Level Agreement for managed account enrollment review

• Provide back up coverage, as needed, when peers are out of the office or capacity needs arise

• Demonstrate organization in completing day to day responsibilities including, but not limited to queue management and advisor communication

• Maintain a positive attitude, commitment to excel and passion for supervision in all tasks completed

Additional responsibilities may include (but are not limited to) the following:

• Perform client contact, as necessary.

• Attend team meetings to share recent trends or managed product enrollment updates with the impacted advisors

• Reference policy, when needed, to assist advisors with their questions

• Partner closely with local OMT, including MSMs and RSEs, regarding managed product related questions and requests

Required Skills: Must have these skills to be minimally qualified:

• Bachelor’s Degree or equivalent work experience

• Must have FINRA Series 7, 8 or 9/10, 63/65 or 66 to be considered for the role (in lieu of the 8 or 9/10 we could consider candidates holding all of the following licenses:  4, 24, and 53)

• Familiarity with compliance and regulatory issues, including GWIM Policy and Procedures

• Strong supervision and investment background with willingness to travel

• Strong leadership abilities, communication and delegation skills

• Familiarity with Microsoft Word, Excel, and PowerPoint

  

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Supervision Principals perform a defined set of supervisory reviews of registered associates activities and principal approvals including e-mail and personal brokerage activity, new accounts, specified investment transactions, audit/compliance, coordination of certain projects, associate training, and process improvement. Other key responsibilities include the supervisory review of key suitability and best interest elements prior to enrollment into platform offerings and identifying and escalating emerging risks and trends. May be involved in projects for the development and/or implementation of new processes/procedures to improve operating efficiency and to ensure timeliness and accuracy of work/flow. May also be involved in high-level associate or customer contact and collaboration with Supervision Managers.

Must have Series 7, 8 or 9/10, 63/65 or 66 to be considered for the role (in lieu of the 8 or 9/10 we could consider candidates holding all of the following licenses:  4, 24, and 53)

Primary responsibilities include (but are not limited to) the following:

• Review and approve account applications for MESD, MECM, MGI and MGIA accounts, while determining suitability for Merrill Guided Investing with Advisor enrollments

• Review and approve margin applications for both existing and new accounts

• Review and approve paper applications for certain account types and platforms

• Provide review details in a clear and concise manner to the FSAs

• Proactively identify trends in each region in order to mitigate risk

• Serve to ensure regulatory compliance and corporate mandates for designated administrative and operational activities performed in the Merrill Edge platform.

• New hire on boarding Registration

• Existing employee registration and maintenance

• E-communication escalation review and remediation

• Registration Dashboard

• Quarterly Registration audit

• Annual Compliance Attestation

• Branch Office Registered Employee Questionnaire compliance

• Annual AIM Attestation and monthly associate cash and transaction reports; outside business activity review

• Firm Element and all Learning Mandates

• FINRA CE compliance

• Management of the Supervisor Information Database

• Designated supervisory reviews as needed

• Partner closely with the local Home Office or Field Supervision Managers to communicate trends and resolve any escalations that may arise

• Partner effectively with internal and external wholesalers to drive appropriate advisor behavior in the region

• Demonstrate efficiency by consistently meeting or exceeding expectations with the Service Level Agreement for managed account enrollment review

• Provide back up coverage, as needed, when peers are out of the office or capacity needs arise

• Demonstrate organization in completing day to day responsibilities including, but not limited to queue management and advisor communication

• Maintain a positive attitude, commitment to excel and passion for supervision in all tasks completed

Additional responsibilities may include (but are not limited to) the following:

• Perform client contact, as necessary.

• Attend team meetings to share recent trends or managed product enrollment updates with the impacted advisors

• Reference policy, when needed, to assist advisors with their questions

• Partner closely with local OMT, including MSMs and RSEs, regarding managed product related questions and requests

Required Skills: Must have these skills to be minimally qualified:

• Bachelor’s Degree or equivalent work experience

• Must have FINRA Series 7, 8 or 9/10, 63/65 or 66 to be considered for the role (in lieu of the 8 or 9/10 we could consider candidates holding all of the following licenses:  4, 24, and 53)

• Familiarity with compliance and regulatory issues, including GWIM Policy and Procedures

• Strong supervision and investment background with willingness to travel

• Strong leadership abilities, communication and delegation skills

• Familiarity with Microsoft Word, Excel, and PowerPoint

  

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21035384

Band: H5

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

KRYSTAL HOLT

Referral Bonus:

0