Supervision Principal

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
 

Job Description:

The  Supervision Principal (SP)  is responsible for conducting defined supervisory reviews and approvals related to registered employee activities. Key areas of oversight include:

• Email and personal brokerage activity
• Outside business activity disclosures
• Investment transaction reviews
• Audit and compliance support
• Registration and licensing
• Written electronic communication review and escalation
• Enhanced Monitoring and Heightened Supervision administration
• Employee training and process improvement

A critical part of the role involves identifying and escalating emerging risks and trends to ensure proactive supervision and regulatory compliance. This job is responsible for performing a defined set of supervisory reviews of registered employee activities and principal approvals, including e-mail and personal brokerage activity, new accounts, specified investment transactions, audit and compliance, coordination of certain projects, employee training, and process improvement.

Responsibilities:

• Timely review, action, documentation and remediation for supervisory reviews and tasks
• Develops and implements new processes and procedures to improve operating efficiency and ensure timeliness and accuracy of workflow
• Collaborates with clients and managers to provide ongoing updates on resolution status
• Identifies emerging risks and trends in processes and escalates appropriately
• Updates databases and other recordkeeping applications with appropriate information as required

Required Skills:

• FINRA Licenses needed at hire: Series SIE, 7, 66, 9/10
• 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, PowerPoint and OneNote

Desired Skills:

• Bachelor’s Degree or equivalent work experience

​Skills:

• Continuous Improvement
• Controls Management
• Decision Making
• Issue Management
• Oral Communications
• Attention to Detail
• Due Diligence
• Fraud Management
• Regulatory Relations
• Risk Management
• Active Listening
• Leadership Development
• Monitoring, Surveillance, and Testing
• Policies, Procedures, and Guidelines Management

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Pennington - 1400 American Blvd - Hopewell Bldg 4 (NJ2140)

Pay and benefits information

Pay range

$86,800.00 - $95,800.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.