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WFA Controls Analyst 2 - Tier II Enhanced Review Analyst - WFA Supervision

Company: Wells Fargo
Location: Saint Louis
Posted on: May 6, 2021

Job Description:

Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Wealth & Investment Management, or WIM, is one of the United States' leading providers of financial and investment services. WIM provides a full range of personalized wealth management, investment, and retirement products and services to meet clients' unique needs and help them achieve financial goals. Our mission is to help clients pursue their financial goals with confidence. We accomplish this by:

  • Building enduring client relationships through sound, thoughtful, and objective advice
  • Developing individualized plans for clients to help meet their financial objectives
  • Helping clients build, manage, preserve, and transition their financial resources and wealthWIM serves clients through the following businesses:
    • Wells Fargo Private Bank serves high-net-worth individuals and families.
    • Abbot Downing serves ultra-high-net-worth individuals and families.
    • Wells Fargo Advisors provides investment advice and guidance to clients through more than 13,200 full-service financial advisors and referrals from more than 5,450 licensed bankers.
    • Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of institutions, financial advisors, and individuals worldwide.Through Wells Fargo Private Bank and Abbot Downing, WIM is also a leading provider of trust, investment, and fiduciary services, including personal trust services and a number of specialized wealth services designed to meet the diverse needs of high-net-worth clients.The WFA Controls Analyst 2 - Tier II - Enhanced Review Analyst is responsible for supervision, monitoring and research analysis within WFA Supervision and providing proactive solutions. The analysts may consult with regional and senior management on policies & procedures, controls, tools and training that impacts the retail locations. May review controls to manage risk and evaluates resources in place to monitor risk as well as consult with business units that provide service, products or support to WFA. Serve as point of knowledge for WFA associates regarding firm, compliance and regulatory policies and procedures as well as regarding best interest requirements and risk management for firm and vendor provided products and services. May serve as back-up to Supervision Analysts and Regional Branch Supervisors. May be required to travel to branches to conduct compliance/supervision/control reviews and provides problem resolution. May conduct research and complex analysis in search of current and best practices as well as opportunities for additional synergies and to maximize efficiencies; must be proficient at gathering and analyzing data from multiple sources, identifying trends and presenting analysis through meaningful statistics. May be responsible for identifying, reviewing and addressing unapproved or high risk activity within accounts or away from the firm as well as conduct preliminary surveillance, monitoring and investigative analysis of certain retail account activity and outside business activity, related controls and provide proactive resolutions. The position is integral in policy/process changes, process improvements, and technology enhancements with a focus on WFA Supervision impact. May be required to identify training needs based on analysis as well as create, deliver and track training on an ongoing basis for ad-hoc needs as well as new hire team members. Completes other duties as assigned by Manager.Examples of area of focus may include deep dives on financial advisors business mix as well as high risk products and client accounts; review of complex products and strategies for best interest; conduct ongoing and ad hoc targeted reviews; work with locations to remediate identified issues; perform reviews to detect potential employee fraud or financial distress and/or ensure adherence to firm policies in regards to requirements and exceptions.Required Qualifications
      • 4+ years of experience in one or a combination of the following: audit, legal, compliance, or retail branch office; in the financial services industryDesired Qualifications
        • 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
        • Ability to work independently, make decisions, and instruct others
        • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
        • FINRA registration including Series 7 and 66 (or FINRA recognized equivalents)
        • FINRA registration including Series 9/10 (or FINRA recognized equivalents)Job Expectations
          • Registration for FINRA Series 7 and 66 (or 63 and 65) 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.
          • Designated insurance license requirements 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. Compliance with state law requirements is required.
          • Ability to travel 25% of the time
          • 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.
          • For specific FINRA qualification exams obtained after 9/30/2018, the Securities Industry Essentials (SIE) exam co-requisite may also be required
          • Registration for FINRA Series 9/10 must be completed within 180 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.Street AddressMO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MONC-Charlotte: 401 S Tryon St - Charlotte, NCMN-Minneapolis: 90 S 7th St - Minneapolis, MNDisclaimerAll offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.Benefits SummaryBenefits Visit for benefits information.

Keywords: Wells Fargo, St. Louis , WFA Controls Analyst 2 - Tier II Enhanced Review Analyst - WFA Supervision, Professions , Saint Louis, Missouri

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