Supervisory Control Specialist

Wells Fargo Bank•St Louis, MO

About The Position

Wells Fargo is seeking a Supervisory Control Specialist to join the Complex Products and Strategy team within Wealth & Investment Management. The team performs enhanced risk-based reviews of Structured Products, Options, and other complex investment products and strategies offered through the Wells Fargo Advisors platform. The specialist assesses the quality and completeness of Financial Advisor and Branch Manager suitability analyses and documentation to help ensure appropriate client outcomes. The role also serves as a subject matter expert for Financial Advisors, field leadership, and regional management, providing guidance and credible challenge during review and pre-approval of higher-risk investment products and strategies. The position performs risk-based suitability reviews of Financial Advisor documentation and client contact, using established criteria and thresholds. Reviews consider likely product performance across positive and negative market scenarios, whether less complex products could meet client objectives, whether potential yield justifies principal risk, and whether the Financial Advisor and client understand a complex product’s or strategy’s risks and rewards. The role also reviews options agreements for compliance with regulatory obligations and company policies. The role is subject to FINRA supervisory licensing and ongoing regulatory obligations. Series 9/10 are the only principal licenses required; Series 24 is not required. If Series 4 is not immediately available to transfer upon hire, it must be completed within 90 or 180 days, depending on the number of licenses needed. The position may require working from the assigned office location for at least one year from the hire date. It is not eligible for visa sponsorship. The listed job locations are St. Louis, Missouri; Charlotte, North Carolina; and Minneapolis, Minnesota.

Requirements

At least 2 years of Supervisory Control, Corporate Insurance Risk, Risk Management Consulting, Property or Casualty Insurance, or Insurance Brokerage experience, or equivalent demonstrated through work experience, training, military experience, or education.
Successfully completed FINRA Series 7, 9/10 (or Series 24 where applicable), and 63 (or FINRA-recognized equivalents) sufficient to qualify for immediate FINRA registration.
Successfully completed FINRA Series 65 or 66 (or FINRA-recognized equivalents) sufficient to qualify for immediate FINRA registration.
Obtain and/or maintain appropriate FINRA licenses for ongoing employment and comply with applicable state law registration and licensing requirements.
Successfully pass a background check and meet applicable enhanced financial fitness and criminal background standards.
Comply with ongoing regulatory obligations, including periodic screening and mandatory reporting of certain incidents.

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 collaborate effectively and influence stakeholders across all organizational levels.
Strong conflict resolution, critical thinking, and decision-making skills.
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 in and consult on policies and procedures, controls, tools, and training.
Identify opportunities for synergies and efficiency within the private client group.
Review and analyze controls used to manage high-risk investment strategies and complex products.
Evaluate risk-monitoring resources and exercise independent judgment to guide process changes, improvements, and technology enhancements.
Present recommendations for resolving complex analysis and identifying 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, the Private Client Group, Branch Managers, Operations Managers, Supervision Managers, and business units.
Perform risk-based suitability analyses of Financial Advisor documentation and client contact using established criteria and thresholds.
Assess transaction suitability based on likely product performance in positive and negative market scenarios.
Evaluate whether Financial Advisors and clients considered less complex products to meet client objectives and whether potential yield justifies principal risk.
Review whether Financial Advisors and clients understand the potential risks and rewards of complex products and strategies.
Review options agreements to ensure regulatory obligations and compliance policies are followed.
Review higher-risk securities trading characteristics, implementation strategies, security products and types, fundamental trends, and portfolio construction.