Merrill Market Supervision Manager
Company: Disability Solutions
Location: Wayzata
Posted on: April 28, 2024
Job Description:
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.The Market Supervision
Manager (MSM) is a member of the Market Leadership Team, along with
the Market Client Relationship Manager (CRM). The Market
Supervision Manager (MSM) supports the Firm's business objectives
and contributes to the Market's profitability by influencing
Financial Advisors (FA) business practices in ways that minimize
regulatory and financial risk as well as uphold the Firms'
reputation. Additionally, they ensure Financial Advisors are
properly licensed; respond to regulatory inquiries, and resolve
client concerns or complaints. The MSM supports the Firm's business
objectives and contributes to the Market's profitability by
influencing Financial Advisors (FA) business practices in ways that
minimize regulatory and financial risk as well as uphold the Firms'
reputation. Ultimately, the MSM protects the Firm, grows the
business, and serves the client by proactively managing and
mitigating risk.What you'll accomplish
- Manage delegated compliance, administrative and business
functions related to the Merrill Wealth Management Market
Executive's overall managerial responsibilities for parent and
associate offices
- This individual functions independently, or with minimal
guidance, but must keep the Market Executive informed on
significant matters and must determine when the Market Executive
should be directly involved
- Monitor advisor and client activity including financial
transactions to ensure compliance with firm and regulatory
requirements and minimize risk
- Coach advisors in supporting the company strategy and
continuing to grow their businesses.Key Qualifications for the
role:
- Candidates are required to currently hold SIE, Series 7 AND
Series 66 (or Series 63 AND Series 65), Series 9 AND Series 10 (or
Series 8) or equivalent licenses
- Series 3, 31 licenses, if warranted
- Minimum 5+ years professional experience required
- 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
- Prefer Market Supervision Manager experience, or completion of
Merrill's Office Management Team Associate Development
ProgramDesired Qualifications:
- Bachelor's degree or equivalent work experienceThe Market
Supervision Manager is a direct report to the Division Supervision
Executive (DSE), with a matrix reporting line to the Market
Executive (ME). 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.
The 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 in ways that minimize regulatory,
financial, and reputational risks. In addition, the Market
Supervision Manager partners with the Division Supervision
Executive 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.Please be
advised that under current company policy, Merrill Wealth
Management does not sponsor a visa petition or other work
authorization for this position.Shift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Blaine , Merrill Market Supervision Manager, Executive , Wayzata, Minnesota
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