Merrill Private Wealth Supervision Manager
Company: Disability Solutions
Location: Los Angeles
Posted on: September 28, 2024
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Job Description:
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.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:Merrill Private Wealth
Division provides comprehensive wealth management services to
affluent and high-net-worth clients along with retirement and
benefit plan services, philanthropic solutions and asset management
to individuals and institutions. The Private Wealth Supervision
Managers role is to supervise our Private Wealth advisors, and
clients to ensure full compliance with laws, and policies while
focusing on the needs of Ultra High Net Worth Families. These
managers are client centric leaders in the organization. They are
key partners with clients and Private Wealth Advisors in risk
management to ensure risk is appropriately managed. The Private
Wealth Supervision Manager is an integral member of the Office
Management Team (OMT), and is responsible for a variety of
supervision, compliance, and risk management functions. Many of
these functions are focused on managing risk in client outcomes,
partnering with the Regional Managing Director and coaching the
Advisor. Their functions are related to the Regional Managing
Directors overall responsibilities for the branch offices delegated
to the Private Wealth Supervision Manager. In addition to their
primary functions, the Private Wealth Supervision Manager will
partner with and backup the Client Relationship Manager. The
Private Wealth Supervision Manager operates with minimal guidance,
monitors adherence to policies, acts as the independent voice on
risk, supports the companys business objectives, and contributes to
branch office profitability by influencing FA business practices in
ways that minimize regulatory, financial and reputational risks. In
addition, the Private Wealth Supervision Manager partners with
Centralized Supervision. Collectively, the branch and central
supervision teams are responsible for ensuring robust supervision
is conducted, and ensuring solutions around client needs and
concerns are managed in alignment with client goals.Position
Overview:The Private Wealth Supervision Manager (PWSM) position
reports to the Merrill Private Wealth Business Segment Supervision
Executive (BSSE), with dual reporting to the Merrill Private Wealth
Management Regional Managing Director (RMD).The PWSM's functions as
a member of the market leadership team, responsible for a wide
variety of delegated compliance, administrative and business
functions related to the MPWM RMD's overall managerial
responsibilities for parent and associate offices. He or she
functions independently, or with minimal guidance, but must keep
the PWM RMD informed on significant matters and must determine when
the PWM RMD should be directly involved. The PWSM supports the
company's business objectives and contributes to market
profitability by influencing Private Wealth Advisor business
practices in ways that minimize regulatory, financial, and
reputational risks.Required Skills: "MUST" have these skills to be
minimally qualified
Keywords: Disability Solutions, Los Angeles , Merrill Private Wealth Supervision Manager, Executive , Los Angeles, California
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