Annuity and Insurance Supervisory Control Specialist

Role Details

About this role:

Wells Fargo is seeking a Supervisory Control Specialist to join our Annuities Supervision Unit within Wealth & Investment Management. Learn more about the career areas and lines of business at wellsfargojobs.com .

In this role, you will:

• Provide remote sales supervision and support of annuities transactions and activities within assigned branches and/or regions for Wells Fargo Advisors

• Support branch offices with on-going monitoring to ensure compliance with internal policies, applicable laws, and regulations

• Provide ongoing training and education of annuities when responding to questions from Financial Advisors

• Work closely with the regional and branch staff on compliance and supervision policies, practices, and resolution of issues

• Supervise specific sales activities on behalf of retail branch managers such as Annuities, Insurance and Trade Alerts

• Monitor sales activities using various technological tools and reports to ensure that the activity is in compliance with all regulatory and firm policies

• Assist branch offices in resolution of sales activity issues where appropriate

• Escalate issues to the appropriate management level for resolution

• Conduct orientation programs on responsibilities for new branch managers and support managers where appropriate

• 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

• Successfully completed FINRA Series 7 and 66 (or 63 and 65) exams to qualify for immediate registration (or FINRA recognized equivalents)

Desired Qualifications:

• Conflict management and decision-making skills

• Strong negotiation skills

• Excellent verbal, written, and interpersonal communication skills

• Ability to interact with all levels of branch associates and business units

• Strong attention to detail and accuracy skills

• FINRA registration including Series 9/10 (or FINRA recognized equivalents)

• Life & Health Insurance licenses

Job Expectations:

• Registration for FINRA Series 9 and 10 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.

• 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.

Job Locations:

• 401 S Tryon St. Charlotte, NC 28202

• 2801 Market St, F & L Bldg. St. Louis, MO 63103

• 90 S 7th St. Minneapolis, MN 55402

• 299 S Main St, Salt Lake City, UT 84111

• Provide remote sales supervision and support of annuities transactions and activities within assigned branches and/or regions for Wells Fargo Advisors

• Support branch offices with on-going monitoring to ensure compliance with internal policies, applicable laws and regulations

• Provide ongoing training and education of annuities when responding to questions from Financial Advisors

• Work closely with the regional and branch staff on compliance and supervision policies, practices and resolution of issues

• Supervise specific sales activities on behalf of retail branch managers such as Annuities, Insurance and Trade Alerts

• Monitor sales activities using various technological tools and reports to ensure that the activity is in compliance with all regulatory and firm policies

• Assist branch offices in resolution of sales activity issues where appropriate

• Escalate issues to the appropriate management level for resolution

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, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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.

Drug and Alcohol Policy

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

Company: WELLS FARGO BANK

Req Number: R-271137-4

Updated: Mon May 01 00:00:00 UTC 2023

Location: SALT LAKE CITY,Utah

Wells Fargo provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.