Bank Of America Corporation Pennington , NJ 08534
The role is intended to provide supervision of new account applications and ancillary documentation.
Job Responsibilities include (but are not limited to) the following:
Perform regulatory mandated supervision of new accounts submitted by Merrill Lynch Financial Advisors or Merrill Edge Advisory Center.
Working closely with key business partners including the local Market Office Management Teams and Merrill Edge Concierge 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
Demonstrating sound and consistent supervisory judgment based on thorough and systematic review of information available
Maintaining positive outlook, receptivity to constructive feedback, and flexibility to accommodate changing processes, policies, and regulations
Successful incumbents will be expected to demonstrate the following core competencies:
Shows dedication to getting the job done accurately and efficiently.
Demonstrates accuracy and thoroughness in all areas of responsibility
Takes pride in his/her own work; demonstrates a sense of commitment to work and willingly assumes responsibility for accomplishing objectives; is dependable, conscientiously follows through on commitments, and is accountable for his/her results.
Makes timely, fact-based decisions and acts decisively.
Asks appropriate questions to understand all relevant aspects of an issue
Acts decisively despite ambiguity and complexity
Speaks and acts with confidence; appropriately shares his/her opinion
Stands up for what is right even when challenged
Seeks guidance when the right course of action is unclear
Adjusts to changing demands and requirements.
Is comfortable working under time constraints
Is constantly seeking to learn and advance his/her knowledge
Remains current on technology advancements and implications for core responsibilities
Projects and maintains a positive attitude and professional demeanor despite obstacles and setbacks.
Remains positive and focused during times of pressure or adversity
Demonstrates an optimistic and enthusiastic approach
Bachelor's Degree (or equivalent work experience)
Must have Series 7 in order 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
Branch office and New Accounts experience or exposure would be helpful
Working knowledge of regulatory policies and specifically ML policies/procedures would be helpful
(Enterprise Role Overview)
FOR USE IN GWIM COO ONLY. This position provides regulatory supervision within a group for multiple business channels. Requires thorough knowledge of the BD and regulatory requirements including the variety of products and services offered. Works independently with minimal supervision. May be involved in customer contact.
Posting Date: 04/10/2018
Location: Pennington, NJ, HOPEWELL BLDG. 3, 1300 AMERICAN BLVD, - United States
Travel: Yes, 5% of the time
Full / Part-time: Full time
Hours Per Week: 40
Shift: 1st shift