Full-Time

Merrill Associate Market Supervision Manager

Posted on 11/22/2024

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Fintech
Financial Services

Compensation Overview

$90k - $105kAnnually

+ Discretionary Incentive

Mid

San Jose, CA, USA

Located at 50 W SAN FERNANDO ST, San Jose, CA.

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Requirements
  • 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
  • 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
Responsibilities
  • 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.

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company serves around 56 million consumer and small business clients in the U.S. and is recognized as a leading wealth management firm. Additionally, Bank of America is a major player in corporate and investment banking, as well as trading. What sets Bank of America apart from its competitors is its extensive client base and comprehensive service offerings that cater to various financial needs. The company's goal is to help clients achieve their financial objectives through a diverse array of financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Bank of America is exploring blockchain for faster, secure cross-border payments.
  • The bank collaborates with fintech firms to enhance digital offerings.
  • It invests significantly in cybersecurity to protect customer data and maintain trust.

What critics are saying

  • Increased competition in the credit facility market may impact market share.
  • Large corporations raising capital through share sales could affect traditional banking services.
  • The rise of fintech platforms could disrupt traditional syndicated loan processes.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • The company is committed to a $1 trillion sustainable finance goal by 2030.
  • It invests heavily in AI-driven customer service tools for enhanced user experience.

Help us improve and share your feedback! Did you find this helpful?

INACTIVE