Full-Time

Supervision Manager

Confirmed live in the last 24 hours

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Senior

Frisco, TX, USA + 4 more

More locations: Charlotte, NC, USA | Sacramento, CA, USA | Lake Oswego, OR, USA | Bellevue, WA, USA

Category
Risk Management
Finance & Banking
Required Skills
Word/Pages/Docs
Risk Management
Excel/Numbers/Sheets
Requirements
  • 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
  • Strong auditing background with willingness to travel
  • Strong leadership abilities, communication and delegation skills
  • Familiarity with Microsoft Word, Excel, and PowerPoint
  • Proven ability to manage risk, make sound decisions by having a deep understanding of industry regulations, supervisory requirements, and policies/procedures
  • Strong time management and organization skills with the ability to prioritize appropriately
  • Proven ability to build and retain strong interpersonal relationships
  • Ability to identify client needs and concerns, and coach advisors on aligning solutions to goals in a suitable and controlled way
  • 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 other partners to make sound decisions with courage and conviction
Responsibilities
  • Coach and drive good behaviors and best practices to operate within the company’s risk controls and promote operational excellence.
  • Use existing supervisory applications to complete semi-annual audits of each individual FSA/BFA/CFSA location, ensuring compliance with all policies, procedures, settings and circumstances. Secondary locations are to be visited annually.
  • Review, respond, and resolve Sales Practice customer complaints received verbally or in writing for Merrill edge.
  • Assist in arbitration and legal matters.
  • Perform client contact, as necessary.
  • Review and maintain all Client, Compliance and Regulatory Incoming and Outgoing Correspondence
  • Provide market and non-market action decisions.
  • Review and approval of any sales seminars, outside speaking engagements or media coverage conducted by FSAs/BFAs.
  • Monitor and review Investor Profile changes.
  • Monitor accounts with large debit balances and short market values over $500,000 and coordinate approval with Credit Administration and clients.
  • Review Policy Settlements of a particular threshold to ensure settlements are within Firm Policy and Procedures.
  • Monitor and review large trade and managed account enrollments
  • Review exception requests for Control Securities and coordinate with Field FSAs/BFAs.
  • Monitor and manage registration, licensing and continuing education for all advisors including FSA’s/CFSA’s/SRM’s
  • Monitor and review client accounts for potential risk with regard to mutual fund trading, concentrated positions, active client reviews, and margin usage.
  • Review Compliance 1028 exception items for potential exposure, and ensure timely and appropriate follow-up.
  • Manage projects / initiatives to improve sales supervision and risk management.
  • Monitor transactions for adherence to state registration requirements
  • Monitor adherence to all established policies and procedures by registered representatives
  • Escalate emerging risks within the enterprise risk framework to identify potential business concerns and/or breakdown in controls.
Desired Qualifications
  • Attention to Detail
  • Continuous Improvement
  • Controls Management
  • Risk Management
  • Fraud Management
  • Issue Management
  • Monitoring, Surveillance, and Testing
  • Policies, Procedures, and Guidelines Management
  • Regulatory Relations
  • Active Listening
  • Decision Making
  • Due Diligence
  • Leadership Development
  • Oral Communications

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. One of its key strengths is its position as a leading wealth management firm, as well as its prominence in corporate and investment banking and trading. Unlike many of its competitors, Bank of America combines a vast network of services with a strong focus on both personal and corporate financial needs. The company's goal is to help clients achieve their financial objectives through comprehensive and accessible financial solutions.

Company Size

10,001+

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for digital banking boosts Bank of America's online service offerings.
  • Interest in sustainable finance aligns with Bank of America's green investment opportunities.
  • Fintech partnerships enhance Bank of America's customer experience and technological capabilities.

What critics are saying

  • Increased competition in credit facilities may tighten Bank of America's profit margins.
  • Large-scale capital raises by companies could pressure Bank of America to offer better terms.
  • Innovative financial products by competitors may require Bank of America to adapt quickly.

What makes Bank of America unique

  • Bank of America is a global leader in corporate and investment banking.
  • It serves approximately 56 million U.S. consumer and small business relationships.
  • The bank is a pioneer in wealth management and risk management services.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Flexible Work Hours

Remote Work Options

Professional Development Budget

Conference Attendance Budget

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