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New Account Supervision Principal II

Jacksonville, Florida;Dallas, Texas; Charlotte, North Carolina; Pennington, New Jersey

Job Description:

New Accounts Supervision Principal II

Job Description

Merrill Wealth Management is a leading provider of comprehensive wealth management and investment products and services for individuals, companies, and institutions, 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 help clients pursue the life they envision through a one-on-one relationship with an advisor committed to their needs. We believe trust comes from transparency. Our trusted financial advisors are equipped with access to the investment insights of Merrill coupled with the banking convenience of Bank of America.

Central Supervision is part of the Merrill Wealth Management Supervision organization and performs specific delegated supervisory functions focused on meeting regulatory requirements and minimizing regulatory, financial and reputational risks. The team focus includes new accounts, trade and client reviews, Investment Advisory Program, electronic communications, specialized supervision, marketing, social media, and complex product supervision.

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 ensure 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

Required Skills

• Bachelor’s Degree (or equivalent work experience)

• 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

Shift:

1st shift (United States of America)

Hours Per Week:

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .