Supervision Manager
Company: Disability Solutions
Location: Fort Lauderdale
Posted on: September 28, 2024
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Job Description:
Job Description:At Bank of America, we are guided by a common
purpose to help make financial lives better through the power of
every connection. Responsible Growth is how we run our company and
how we deliver for our clients, teammates, communities and
shareholders every day. One of the keys to driving Responsible
Growth is being a great place to work for our teammates around the
world. We're devoted to being a diverse and inclusive workplace for
everyone. We hire individuals with a broad range of backgrounds and
experiences and invest heavily in our teammates and their families
by offering competitive benefits to support their physical,
emotional, and financial well-being. Bank of America believes both
in the importance of working together and offering flexibility to
our employees. We use a multi-faceted approach for flexibility,
depending on the various roles in our organization. Working at Bank
of America will give you a great career with opportunities to
learn, grow and make an impact, along with the power to make a
difference. Join us!Responsibilities/Position Summary: The
Supervisory Management position will serve to ensure regulatory
compliance and corporate mandates for all administrative, sales,
and operational activities performed by Field Financial Services
Advisors (FSA), Banking Financial Advisors (BFA), & Corporate
Financial Solutions Advisors (CFSA) in the Merrill Edge platform.
This platform within the Consumer Banking & Merrill Edge has over
193 billion in assets under management. A predominate objective of
the position is to limit risk and financial exposure to the
business unit and the firm. The Supervisory Manager (SM) reports to
the Division Supervision manager. The SM is a member of the Branch
Leadership Team, along with members of the Centralized Supervision.
The SM supports the Firm's business objectives and contributes to
the line of business profitability by influencing Advisor business
practices in ways that minimize regulatory and financial risk as
well as uphold the Firms' reputation. Ultimately, the SM protects
the Firm, helps growth business responsibly, and serves the client
by proactively managing and mitigating risks.Supervision manager as
a member of the branch leadership team, the r is responsible for a
wide variety of delegated Supervision which includes administrative
and business functions related to the regulatory supervisor's
responsibilities for the parent and associate offices. He or she
functions independently, or with minimal guidance, Supervision
manager and supports the company's business objectives and
contributes to branch office profitability by influencing Financial
Advisor business practices in ways that minimize regulatory,
financial and reputational risks.Specific Responsibilities include
(but are not limited to) the following:--- 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.Required Qualifications:--- 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 convictionEnterprise Job
Description:This job is responsible for supervising client account
activities by monitoring administrative, sales, and trading tasks
performed by registered employees. Key responsibilities include
limiting risk and financial exposure to the business unit and the
bank for registered employees located in call centers or financial
centers. Job expectations include overseeing day-to-day front line
supervision, including mandated supervisory reviews and enterprise
alerts, trade, solution and enrollment review, trade correction,
and complaint resolution.Enterprise Qualifications:
Keywords: Disability Solutions, Fort Lauderdale , Supervision Manager, Executive , Fort Lauderdale, Florida
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