Supervisory Control Specialist

About this role: 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. 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: 2 years of Risk and Compliance experience 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 Independent negotiating experience Excellent verbal, written, and interpersonal communication skills Ability to interact with all levels of an organization Conflict management and decision-making skills Ability to work independently while balancing the needs of multiple projects 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 Ability to work independently, make decisions, and instruct others FINRA registration including Series 9/10 (or FINRA recognized equivalents) FINRA registration including Series 4 (or FINRA recognized equivalents) Job Expectations: Ability to travel 10% of the time 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., F & L Bldg. St. Louis, MO 63103 Serve as part of a dedicated group conducting enhanced higher risk reviews of Complex Products and Strategies related to the WFA product platform. This position will provide an ongoing review of the quality of FA and Branch Manager suitability analysis and documentation for client accounts. Also serve as a dedicated SME resource for FA, field and regional management. These efforts will provide consistency in the reviews of specific higher risk investment factors and possible preapproval of certain complex products. 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: 4 Apr 2025 *Job posting may come down early due to volume of applicants. We Value Diversity At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law. Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements. Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process. 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. Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune’s 2024 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at www.wellsfargo.com LinkedIn: https://www.linkedin.com/company/wellsfargo For questions on how to search and apply, visit our frequently asked questions.