Trade and Client Review Supervision Principal – Supervision Principal IV

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.

Merrill 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 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 Supervision Principal is responsible for performing delegated supervisory functions designed to identify and mitigate financial, regulatory, and reputational risk. The role operates in a high-paced, high-volume environment and requires the ability to effectively manage a significant and continually evolving workload while exercising sound judgment and maintaining a strong focus on risk.

Key responsibilities include reviewing, decisioning, escalating, and resolving supervisory matters on behalf of the branch offices and markets supported, in accordance with firm policies, procedures, and regulatory requirements. The role extends beyond the processing or completion of individual supervisory tasks. Successful Supervision Principals are expected to understand the businesses and markets they support, identify emerging risks and trends, appropriately prioritize issues, and take ownership of matters through resolution.

Supervision Principals serve as an integral supervisory partner to their assigned markets and are expected to develop and manage strong, effective relationships with Field Supervision leaders, Office Management Teams, Financial Advisors, Wealth Management Associates, product managers, and control partners. This requires the ability to communicate effectively, navigate complex or sensitive situations, challenge when appropriate, and balance business considerations with the firm’s supervisory and regulatory responsibilities.

Successful candidates will demonstrate strong judgment, accountability, adaptability, and organizational skills, as well as the ability to work independently and make timely decisions in an environment with competing priorities and demanding workloads. The ability to remain effective under pressure, manage multiple complex matters simultaneously, and build credibility with a broad range of partners is critical to success in the role.

Supervision Principals work closely with Field Supervision, business partners, and control functions in support of the firm’s Responsible Growth strategy.

Job Responsibilities:

• Ensures compliance with policies, procedures, and regulations and oversees processes within a supervision group to identify, monitor, and limit risk and financial exposure to the business
• Partners and builds relationships with Field Supervision leaders, Office Management Teams, Financial Advisors, Wealth Management Associates, Product Managers, and Control Partners to resolve inquiries effectively and promptly
• Reviews and decisions alerts and tasks within a system of record application, while leveraging sound and consistent supervisory judgment

Identifies and appropriately escalates emerging risks and trends that may not be readily recognized via existing routines, informed by established criteria, risk factors, and metrics

• Manages and prioritizes multiple tasks and maintains quality and timeliness of work deliverables and timelines

Required Qualifications:

• Series 7, and 8 or 9/10, and 63/65 or 66 (in lieu of the 8 or 9/10 the following combination: 4, 24 and 53)
• Minimum of three years of industry experience
• Proven ability to manage risk and make sound decisions by having a deep understanding of industry regulations, supervisory requirements, policies/procedures, wealth management concepts and financial services products​

Desired Skills:

• Strong analytical, decision-making, and problem-solving skills.
• Ability to manage a high-volume workload and effectively prioritize competing demands.
• Strong interpersonal and communication skills with demonstrated ability to build productive relationships across multiple levels of an organization.
• Ability to exercise independent judgment and appropriately escalate complex or higher-risk matters.
• Demonstrated accountability and ability to take ownership of issues through resolution.
• Maintaining positive outlook, receptivity to constructive feedback, and flexibility to accommodate changing processes, policies, and regulations.
• Attention to Detail
• Prioritization
• Risk Management
• Interpret Relevant Laws, Rules, and Regulations
• Adaptability
• Business Process Analysis
• Collaboration

Internal employees who are currently working from home are still eligible to apply. However, if selected for the role, you may be required to work onsite in accordance with the workplace excellence policy.

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NJ - Pennington - 1300 American Blvd - Hopewell Bldg 3 (NJ2130)

Pay and benefits information

Pay range

$89,000.00 - $111,900.00 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.