Merrill Private Wealth Supervision Manager
Company: Bank of America
Location: Los Angeles
Posted on: November 19, 2024
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Job Description:
Merrill Private Wealth 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
brings their unique perspectives, ideas, and experiences, helping
to create a work community that is culture-driven, resilient,
results-focused, and effective.Job Description:Merrill Private
Wealth Division provides comprehensive wealth management services
to affluent and high-net-worth clients along with retirement and
benefit plan services, philanthropic solutions, and asset
management to individuals and institutions. The Private Wealth
Supervision Manager's role is to supervise our Private Wealth
advisors and clients to ensure full compliance with laws and
policies while focusing on the needs of Ultra High Net Worth
Families. These managers are client-centric leaders in the
organization. They are key partners with clients and Private Wealth
Advisors in risk management to ensure risk is appropriately
managed. The Private Wealth 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 Regional Managing Director, and
coaching the Advisor. Their functions are related to the Regional
Managing Director's overall responsibilities for the branch offices
delegated to the Private Wealth Supervision Manager. In addition to
their primary functions, the Private Wealth Supervision Manager
will partner with and back up the Client Relationship Manager. The
Private Wealth Supervision Manager 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 Private Wealth Supervision Manager partners
with Centralized Supervision. 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.Position
Overview:The Private Wealth Supervision Manager (PWSM) position
reports to the Merrill Private Wealth Business Segment Supervision
Executive (BSSE), with dual reporting to the Merrill Private Wealth
Management Regional Managing Director (RMD).The PWSM's functions as
a member of the market leadership team, responsible for a wide
variety of delegated compliance, administrative, and business
functions related to the MPWM RMD's overall managerial
responsibilities for parent and associate offices. He or she
functions independently, or with minimal guidance, but must keep
the PWM RMD informed on significant matters and must determine when
the PWM RMD should be directly involved. The PWSM supports the
company's business objectives and contributes to market
profitability by influencing Private Wealth Advisor business
practices in ways that minimize regulatory, financial, and
reputational risks.Required Skills:MUST have these skills to be
minimally qualified
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Keywords: Bank of America, Anaheim , Merrill Private Wealth Supervision Manager, Executive , Los Angeles, California
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