9 hours
2018-05-242018-06-23

Supervision Principal (Trade Review)

Bank of America
Lincoln, RI
  • Job Code
    bankofamerica-18016368LincolnRI
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Company Bank of America

Job Title Supervision Principal (Trade Review)

Jobid bankofamerica-18016368LincolnRI

Location: Lincoln, RI, 02865, USA

Description **Job Description:**



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.



**Description** **:**



The role is intended to provide supervision of daily executed trades and various account review scenarios. Items identified within the Online Trade Review (OTR) and Risk Management Supervision (RMS) tools would be researched and either closed or escalated to the branch office for more information/review. Trade & Client Review Supervision performs duties as an extension of or substitute to field management, including: identify, research, and escalate trends and patterns based on review of client and Financial Advisor data.



**Job Responsibilities include (but are not limited to) the following:**



+ Perform regulatory mandated supervision of prior day executed trades within OTR

+ Perform in-depth review of various supervisory scenarios within RMS, including concentration, loss, and margin

+ Working closely with field management and FAs by establishing and maintaining positive working relationships to ensure business is conducted within guidelines set by the Firm and industry regulations

+ Maintaining a high level of intellectual curiosity; asking pertinent questions to gather relevant facts surrounding a problem, issue, or objective; weighing the relative importance, adequacy, and validity of information to form fact-based opinions, solve problems and make sound recommendations

+ Communicating effectively (both written and oral) with field management and FAs using clear, concise, and understandable language

+ Producing regular commentary on items of concern, ongoing issues, and recurring patterns at a client, FA, or complex level

+ Proactively anticipating and identifying concerns/issues as part of one’s daily responsibilities

+ Demonstrating sound and consistent supervisory judgment based on thorough and systematic review of information available

+ Maintaining positive outlook, receptivity to constructive feedback, and flexibility to accommodate changing processes, policies, and regulations

+ Openness to periodic travel (1-3 days annually) in support of relationship building with field management and FAs **Qualifications** :



+ Bachelor’s Degree (or equivalent work experience)

+ Prefer fully licensed candidates; however, must have at least the Series 7 in order to be considered for the role

+ Prefer Series 8 or 9/10 and 63/65 or 66; however, in lieu of the 8 or 9/10 we would consider candidates with all of the following: 4 and 24 and 53. If not already licensed, they must be obtained within a specified timeframe after first date of employment.

+ Ability to work independently

+ Strong technical skills

+ Strong communication and analytical skills

+ Intellectually curious, detail oriented and excellent organizational skills

+ Branch office experience or exposure

+ Knowledge of security products and services

+ Knowledge of regulatory policies and specifically ML policies/procedures would be helpful



**Posting Date** : 03/27/2018



**Location** :

Jacksonville, FL, JACKSONVILLE 2, 4802 DEER LAKE DR E,

Pennington, NJ, HOPEWELL BLDG. 3, 1300 AMERICAN BLVD,

Lincoln, RI, 670 GEORGE WASHINGTON HWY (RI1541),

- United States



**Travel** : Yes, 10% of the time



**Full / Part-time** : Full time



**Hours Per Week** : 40



**Shift** : 1st shift



**Assistance for Applicants with Disabilities**



Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at http://careers.bankofamerica.com/us/applicants-with-disabilities .



**Diversity & Inclusion**



At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.



**Frequently Asked Questions**



Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at http://careers.bankofamerica.com/us/faq section for answers to these questions and more.



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Supervision Principal (Trade Review)

Bank of America
Lincoln, RI

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Bank of America
Lincoln, RI

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