Merrill Associate Market Supervision Manager

Job Description:

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions. Merrill 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’s Financial Advisors and Wealth Management Client Associates help clients pursue the life they envision through a personal relationship with their advisory team committed to their needs. We believe trust comes from transparency. Our trusted advisory teams are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America.

At Merrill, we empower you to bring your whole self to work. We value diversity in our thoughts, business, and within our employees and clients. Our Wealth Management team represents an array of different backgrounds and bring their unique perspectives, ideas and experiences, helping to create a work community that is culture driven, resilient, results focused and effective.

Position Overview:

The Associate Market Supervision Manager (AMSM) is a member of the Market Leadership Team, along with the Merrill Market Supervision Manager (MSM) and Merrill Client Relationship Manager (CRM). This is a role in which the associates will learn and understand the tasks and responsibilities before taking over a full Market Supervision Manager (MSM) role.

This job is responsible for a wide variety of delegated compliance, administrative and business functions related to the Merrill Wealth Management Market Executive's overall managerial responsibilities. This individual functions independently, or with minimal guidance, but must keep the Market Executive informed on significant matters. The Associate Market Supervision Manager supports the company's business objectives and contributes to Market profitability by influencing Financial Advisor business practices in ways that minimize regulatory, financial, and reputational risks.

Specific responsibilities include, but are not limited to:

• The AMSM is a direct report to the Division Supervision Manager (DSM).

• The AMSM protects the Firm, helps grow the business and serves the client by proactively managing and mitigating risk.

• Functions with guidance and keeps the MWM ME and the other members of the Office Management Team (OMT) informed on significant matters that the AMSM is responsible for handling and determines when the MWM ME should be directly involved.

Key Qualifications for the role:

• The ideal candidate is a self-motivated, client centric individual who has or is able to obtain the following in a specified timeframe: Series 7 (SIE, 7 Top-Off) AND Series 66 (or Series 63 AND Series 65), Series 9 AND Series 10 (or Series 8) or equivalent licenses, and Series 3 or 31 license (If warranted).

• SIE strongly preferred

• If Unlicensed, must successfully pass the AP Reasoning Exam

• Minimum 3-5 years of financial services experience preferred

• Ability to manage risk, make sound decisions with a strong 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

• An appreciation and understanding of our client centric strategy

• Demonstrated understanding of the importance of mitigating risk through segmentation, disciplined investment practices, and documentation

• Analytical skills with ability to identify trends, root cause and effects, and implement improved processes to mitigate risk

• Ability to clearly communicate and collaborate with others

• Possesses time management and organization skills with the ability to prioritize tasks

Desired Qualifications:

• Bachelor’s degree or equivalent work experience

• Good organizational skills, including the ability to effectively plan, organize and prioritize tasks

• Previous experience managing a team of at least 10 including the ability to monitor, influence, negotiate, supervise, and delegate a plus

The following laws or regulations restrict or prohibit the hiring of individuals with certain specified criminal history for the position: FDIC; FINRA

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - CA - Los Angeles - 2049 Century Park E - CENTURY CITY MAIN OFFICE (CA9159), US - CA - Newport Beach - 520 Newport Center Dr - Newport Beach 520 Ncd (CA6814)

Pay and benefits information

Pay range$90,000.00 - $105,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.