Thursday , May 23 2024

Bank of America Jobs – Supervision Principal IV

Website Bank of America

Job Description:

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:

  • Role may include additional annuity and life insurance supervisory responsibilities in support of cross-training strategy
  • Demonstrate sound and consistent supervisory judgment based on thorough and systematic review of information available
  • 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
  • Review accounts and transactions for clients engaging in OTC derivatives
  • Communicate effectively (both written and oral) with a variety of audiences including internal staff, Supervision leadership, field management, Financial Advisors, and product groups
  • Daily, weekly and monthly reviews of multiple option-related supervisory reports
  • 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

Job Requirements:

  • 3 years minimum in a Supervision role; specifically experience in Trade and Client Review
  • 5 years minimum industry experience
  • Bachelor’s Degree (or equivalent work experience)
  • Good working knowledge of various product types
  • Strong adaptability and capacity to work in fast-paced environments
  • Strong communication, collaborative, and analytical skills
  • 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)
  • Detail oriented and excellent time management and organizational skill

Job Details:

Company: Bank of America

Vacancy Type: Full Time

Job Location: Dallas, TX, US

Application Deadline: N/A

Apply Here

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