Supervision Principal IV

Job Description:

Job Description and Responsibilities:

Supervisory Principals in this role are responsible for actively monitoring Financial Advisor activities involving complex products, to ensure compliance with firm policies and procedures and relevant laws, rules and regulations.

Job Responsibilities include (but are not limited to) the following:

• Conduct in-depth supervisory reviews of select activity in marked-linked investments, unit investment trusts, closed-end funds, fixed income, alternative investments, mutual funds and options.

• Daily review and approval of requests for uncovered option strategies and limits, and approval of discretionary option accounts

• Daily, weekly and monthly reviews of multiple option-related supervisory reports

• Review accounts and transactions for clients engaging in OTC derivatives

• Role may include additional annuity and life insurance supervisory responsibilities in support of cross-training strategy

• Identify potentially suspicious patterns and business practices and take appropriate action to impact behavior, including escalation and follow-up as needed in collaboration with the OMT and internal business units

• Communicate effectively (both written and oral) with a variety of audiences including internal staff, Supervision leadership, field management, Financial Advisors, and product groups

• Demonstrate sound and consistent supervisory judgment based on thorough and systematic review of information available

Required Skills:

• Bachelor’s Degree (or equivalent work experience)

• Series 7, and 8 or 9/10, and 63/65 or 66 required to be considered for the role (in lieu of the 8 or 9/10 the following combination: 4, 24 and 53)

• 5 years minimum industry experience

• 3 years minimum in a Supervision role; specifically experience in Trade and Client Review

• Strong adaptability and capacity to work in fast-paced environments

• Strong communication, collaborative, and analytical skills

• Detail oriented and excellent time management and organizational skill

• Good working knowledge of various product types

Desired Skills:

• Series 4 preferred.  Qualified candidates without the Series 4 must be able to obtain this license within a specified timeframe. 

Please be advised that under current company policy, Merrill Lynch does not sponsor a visa petition or other work authorization, nor will the company provide relocation assistance, for this position.

Shift:

1st shift (United States of America)

Hours Per Week: 

40