Supervisory Control Specialist

Wells Fargo•St. Louis, MO

2d•$77,000 - $133,000•Onsite

About The Position

Wells Fargo is seeking a Supervisory Control Specialist to join the Complex Products and Strategy team within Wealth & Investment Management. This team performs enhanced risk-based reviews of Structured Products, Options, and other complex investment products and strategies offered through the Wells Fargo Advisors platform. In this role, you will assess the quality and completeness of Financial Advisor and Branch Manager suitability analyses and documentation, helping to ensure appropriate client outcomes. You will also serve as a subject matter expert (SME) for Financial Advisors, field leadership, and regional management, providing guidance and credible challenge during the review and pre-approval process for higher-risk investment products and strategies. Learn more about the career areas and lines of business at wellsfargojobs.com. In this role, you will: Participate and consult regarding policies and procedures, controls, tools and training Identify opportunities for additional synergies and to maximize efficiencies within the private client group Review and analyze controls to manage high risk investment strategies and complex products Evaluate resources to monitor risk and exercise independent judgment to guide process changes, process improvements, and technology enhancements Present recommendations for resolving complex analysis in search of current and best practices Gather and analyze data, identify trends, and present analysis through meaningful statistics Develop expertise in firm, compliance and regulatory policies and procedures Collaborate and consult with Financial Advisors, Regional and more experienced Management, Private Client Group, Branch Managers, Operation Managers, Supervision Managers, and varying Business Units

Requirements

2+ years of Supervisory Control, Corporate Insurance Risk, Risk Management Consulting, Property or Casualty Insurance, Insurance Brokerage experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
US only: Successfully completed Financial Industry Regulatory Authority (FINRA) Series 7, 9/10 (or 24 where applicable), and 63 (or FINRA recognized equivalents) sufficient to qualify for immediate FINRA registration
US only: Successfully completed Financial Industry Regulatory Authority (FINRA) Series 65 (or 66) (or FINRA recognized equivalents) sufficient to qualify for immediate FINRA registration
Registration for Series 4 must be completed within a 90 or 180-day time period contingent upon number of license(s) needed if not immediately available to transfer upon hire.
Obtaining and/or maintaining appropriate FINRA license(s) is required for ongoing employment in this position.
Compliance with state law registration and licensing requirements is mandatory.
In addition to state registration and licensing requirements, specific product licenses or SAFE licensing may apply.
Additional requirements include meeting enhanced financial fitness and criminal background standards.
Wells Fargo will initiate the FINRA licensing review process at the time of offer acceptance.
For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam co-requisite is required
This role requires a FINRA supervisory license and may require working in the assigned office location for at least one year from the hire date.
Any supervisory role employee holding a FINRA supervisory license, who has answered affirmatively to certain Form U4 Section 14 regulatory questions/disclosures, will be ineligible to work from a location other than their assigned office location
The Series 9/10 are the only principal licenses required. The Series 24 is not required.
This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire.
In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer.
Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
This position is not eligible for Visa sponsorship.

Nice To Haves

Knowledge of Options Trading, Structured and Complex Products, Market Linked Investments, and Alternative Investments
Strong analytical, research, and documentation skills
Understanding of retail brokerage operations, products, and industry trends
Excellent verbal, written, and interpersonal communication abilities
Ability to effectively collaborate and influence stakeholders across all levels of the organization
Strong conflict resolution, critical thinking, and decision-making skills
Proven ability to manage multiple priorities in a fast-paced, deadline-driven environment
Strong organizational and time-management skills
Proficiency with Microsoft Office applications, including advanced Excel functionality
FINRA registration including Series 4 (or FINRA recognized equivalents)

Responsibilities

Participate and consult regarding policies and procedures, controls, tools and training
Identify opportunities for additional synergies and to maximize efficiencies within the private client group
Review and analyze controls to manage high risk investment strategies and complex products
Evaluate resources to monitor risk and exercise independent judgment to guide process changes, process improvements, and technology enhancements
Present recommendations for resolving complex analysis in search of current and best practices
Gather and analyze data, identify trends, and present analysis through meaningful statistics
Develop expertise in firm, compliance and regulatory policies and procedures
Collaborate and consult with Financial Advisors, Regional and more experienced Management, Private Client Group, Branch Managers, Operation Managers, Supervision Managers, and varying Business Units
Perform risk base suitability analysis of FA documentation and client contact
Conduct their reviews based on established criteria and thresholds
Review the suitability of the transaction(s) based on the likely product performance in various positive and negative market scenarios
Evaluate whether the FA and client considered less complex products to achieve the client’s objective
Evaluate for yield products whether the yield justified the risk to principal
Risk based suitability analysis of FA documentation and client contact
Reviews of whether the FA and client understood the potential risk and rewards of the complex product or strategy
Reviews of options agreements ensuring regulatory obligations and compliance policies are followed
Evaluations of product placement whether potential yield justified the risk to principal or whether the FA and client considered less complex products to achieve the client’s objective