Supervisory Control Specialist

Wells Fargo is seeking a Supervisory Control Specialist to join our Complex Products and Strategy team within Wealth & Investment Management. The Complex Products and Strategy team serves as part of a dedicated group who conduct enhanced higher risk reviews of Structured Products, Options and other Complex Products and strategies related to the Wells Fargo Advisors (WFA) product platform. This position provides ongoing review of the quality of Financial Advisor (FA) and Branch Manager suitability analysis and documentation for client accounts. The role also serves as a dedicated subject matter expert, (SME) resource for FA, field, and regional management. The effort of the analyst provides consistency of reviews of higher risk investment factors and credible challenge to the preapproval of certain Complex Products. 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

Required Qualifications:

• 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 and 66 or (63 and 65) examinations (or FINRA recognized equivalents) sufficient to qualify for immediate FINRA registration

Desired Qualifications:

• Knowledge and understanding of: Options Trading, Complex Product, Market Link Investments and Alternative Investments
• Strong research and documentation skills
• Knowledge and understanding of retail brokerage and industry trends
• Excellent verbal, written, and interpersonal communication skills
• Ability to interact with all levels of an organization
• Conflict management and decision-making skills
• Effective organizational, multi-tasking, and prioritizing skills
• Ability to work in a fast-paced deadline driven environment
• Proficient understanding of Microsoft Office Suites including Excel functions
• FINRA registration including Series 9/10 (or FINRA recognized equivalents)
• FINRA registration including Series 4 (or FINRA recognized equivalents)

Job Expectations:

• Ability to travel
• US Only: Registration for FINRA Series 9/10 and 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. FINRA recognized equivalents will be accepted. This will be communicated at time of offer acceptance. Obtaining and/or maintaining appropriate Financial Industry Regulatory Authority (FINRA) license(s) is required for ongoing employment in this position. In addition, state registration, 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 review process at the time of offer acceptance.
• 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.

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

This position is not eligible for Visa sponsorship.

Job Location:

• 2801 Market St. - St. Louis, Missouri

Reviews of higher risk investment factors would include:

• Higher-Risk Securities
• Trading Characteristics
• Implementation Strategies
• Security Products/Types
• Fundamental Trends
• Portfolio Construction

In addition, the Complex Products and Strategy Control Specialist will:

• 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

Posting End Date:

*Job posting may come down early due to volume of applicants.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.