Product Programs Oversight Specialist

Stifel•New York, NY

About The Position

The Product Programs Oversight Specialist supports strategic initiatives, procedure development, business risk assessments, and the design of the governance and control environment for products and programs within Stifel’s Investment Products & Services (IP&S) department. The role requires understanding the products, services, processes, policies, and systems used across the department. Its primary focus is supporting timely and effective oversight and adherence to applicable rules and parameters by reviewing and analyzing product and program Standard Operating Procedures, firm policies, business processes, and samples of business files. The Specialist contributes to the oversight framework and control environment, conducts initial reviews for PCO assessments, supports policy and procedure updates, and helps identify, measure, report, and mitigate risk. The role works with product and program owners and colleagues across the firm to promote engagement, compliance, and appropriate responses to changes in the business risk profile. It also supports development and management of the Oversight Tool and handles special projects as assigned.

Requirements

Bachelor's degree in business or a related field.
0–2 years of experience in the financial industry, including compliance, risk, operations, audit, and/or control functions.
Knowledge of wealth management products and services, including investment securities, advisory programs, investment strategy and theory, asset allocation, and regulations.
Understanding of firm policies and regulatory requirements.
Strong written and verbal communication skills and attention to detail, with the ability to communicate effectively with personnel at all levels to support compliance with policies, regulations, and Program Parameters.
Understanding of the business risk profile and participation in developing appropriate responses to changes relative to the firm's risk tolerance.
Proficiency in Microsoft Office Suite, including Outlook, Word, Excel, and PowerPoint.

Responsibilities

Participate in developing the oversight and control framework for IP&S products and programs.
Assist with procedure design and implementation, assessments, and periodic reviews.
Collaborate with PCO colleagues and product and program owners to periodically review and update policies and procedures.
Complete independent oversight and assessment of individual product risk as the initial reviewer for PCO reviews.
Help enhance the team's ability to identify, measure, report, and mitigate risks.
Provide input on the Oversight Tool's development, implementation, and ongoing management.
Understand the business risk profile and participate in developing appropriate actions and responses to changes in that profile relative to the firm's risk appetite.
Build strong working relationships with PCO colleagues, Product Heads, Program Managers, Branch Supervisors, Operations, Legal, and Compliance.
Apply an understanding of firm policies and regulatory requirements to support team activities.
Help limit regulatory and reputational risk and reinforce the firm's culture of compliance.
Handle special projects and other duties as assigned.