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 bring their unique perspectives, ideas and experiences, helping to create a work community that is culture driven, resilient, results focused and effective.
Job Description:
The New Account Supervision team reviews and approves new accounts that flow through the Enterprise Account Opening platform (EAO) for MLWM domestic advisory accounts, and the Account Opening Wizard platform (AOW) for MLWM International Advisory accounts. The team acts as the first line of defense during client onboarding, and reviews new account applications to ensure compliance with all applicable FINRA, AML and KYC rules and regulations.
Job Responsibilities:
Include (but are not limited to) the following:
• Perform regulatory mandated supervision of new accounts submitted by Merrill Financial Advisors.
• Working closely with key business partners including the local Market Office Management Teams by establishing and maintaining positive working relationships to en sure business is conducted within guidelines set by the Firm and industry regulations
• Communicating effectively (both written and oral) using clear, concise, and understandable language
• Producing regular commentary on items of concern, ongoing issues and recurring patterns
• Proactively anticipating and identifying concerns/issues as part of one’s daily responsibilities
• Shows dedication to getting the job done accurately and efficiently.
• Demonstrating sound and consistent supervisory judgment based on thorough and systematic review of information available
• Makes timely, risk-based decisions and acts decisively.
• Maintaining positive outlook, receptivity to constructive feedback, and flexibility to accommodate changing processes, policies, and regulations
Qualifications/Desired Skills:
• Series 7 to be considered for the role
• Series 8 or 9/10, 63 and 65 or 66 – if not already licensed, must be obtained within an acceptable timeframe (will be specified at time of offer)
• Strong communication and analytical skills
• Detail oriented and excellent organizational skills
• Ability to work independently
Desired Skills:
- Branch office and New Accounts experience or exposure
- Working knowledge of regulatory policies and specifically ML policies/procedures
- Attention to Detail
- Prioritization
- Problem Solving
- Relationship Building
- Risk Management
- Decision Making
- Interpret Relevant Laws, Rules, and Regulations
- Written Communications
- Adaptability
- Business Process Analysis
- Collaboration
- Oral Communications
Minimum Education Requirement: Bachelor’s Degree (or equivalent work experience)
Shift:
1st shift (United States of America)
Hours Per Week:
40
