Scott Schwesig
Saint Louis,MO
Summary
Professional Control Specialist with strong background in compliance and risk management. Known for collaborative team efforts and consistent achievement of operational goals. Skilled in data analysis, regulatory compliance, and implementing control frameworks. Reliable and adaptable, consistently delivering results in dynamic environments.
Overview
24
24
years of professional experience
Work History
Senior Supervisory Control Specialist
Wells Fargo Advisors
05.2024 - Current
- Conduct Supervisory Review of trade blotter alerts for FINET associates
- Conduct Supervisory Review of Monthly alerts and Account Reviews for Financial Advisors
- Partner with Branch Managers and Regional Governance Supervisors to address and resolve escalations pertaining to supervisory reviews
- 30 years of experience in the Financial Services Industry including 12 years in Compliance and 12 years in Supervision
Regional Supervisor
Wells Fargo Financial Network
06.2018 - 05.2024
- Conduct suitability reviews of annuities and insurance transactions to ensure compliance with firm guidelines and policies.
- Work with FINET Managers and Regional Supervisors to provide education and guidance regarding Insurance and Annuity transactions.
- Serve as SME on Annuities and Insurance suitability for FINET practices.
- Work with Compliance and other Business Units to resolve issues related to Insurance and Annuity transactions.
- General Responsibilities
Compliance Specialist
Wells Fargo Advisors
06.2014 - 06.2018
- Perform compliance and oversight functions for PCG branches and regional and centralized supervisors.
- Conduct compliance reviews, investigations and Interviews with Financial Advisors and Associates
- Inputting information and documentation into the Firms Case Management System (COMET)
- Reviewing Compliance exception reports to ensure compliance with FINRA regulations and Firm Policies.
- Consulting with Business to develop corrective action plans to ensure regulatory compliance.
- Working with multiple areas of the firm including Legal, Human Resources and Special Surveillance Review to issue disciplinary actions.
- General Responsibilities
Regional Branch Supervisor-Private Client Group’s Centralized Supervision Unit (CSU)
03.2008 - 06.2014
- Provide remote supervision of Financial Advisors on behalf of Branch Office Managers.
- On a daily basis, perform a post-review of all trades, quarantined email and pre-review of annuity purchases and 1035 exchanges of Financial Advisors.
- Conduct quarterly reviews with branch management to help identify and address concerns.
- Review a sampling of Envision plans to ensure compliance with firm guidelines.
- Accomplishments: Obtained Series 9,10,3, and Insurance Licenses.
Advertising Compliance Analyst, Securities Research
A.G. Edwards Inc.
03.2005 - 03.2008
- Conducted pre-reviews of news and research comments to ensure compliance with regulatory guidelines
- Performed review of quarantined emails
- Conducted reviews of analysts media appearances to ensure compliance with regulatory guidelines.
- Performed reviews of advertising to ensure proper disclosures were included
- Reviewed research comments to ensure analyst certification was completed in compliance with regulatory guidelines.
- Completed special projects as assigned by designated supervisor.
Compliance Officer
FFP Securities, Inc.
04.2004 - 11.2005
- Conducted branch audits
- Monitored personal trading activity by the firm’s registered representatives.
- Produced monthly exception reports to monitor for potential front-running violations.
- Implemented procedures for oversight of the firm’s investment advisory activity.
- Processing requests for letters of indemnity
- Research and special projects as assigned
Compliance Officer, Associate V.P.
Union Planters Investment Advisors, Inc.
05.2001 - 05.2004
- Implemented firm’s Code of Ethics policy
- Performed all registration functions for Investment Advisor Representatives including U-4,U-5 and DRP filings.
- File and amend the firm’s form ADV
- Issued Compliance Bulletins and Alerts on Rules and Practices
- Monitored personal trading activity of Investment Advisory Representatives pursuant to Code of Ethics and Front Running prohibitions
- Review and approval of advertising and correspondence
- Reported compliance violations to the board of directors.
- Documented broker selection process for “Soft Dollar” arrangements pursuant to SEC regulations
Education
Bachelor of Arts - Music
Southern Illinois University
Edwardsville, IL01.1987
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Millikin University
Decatur, IL01.1985
Associates Degree - undefined
Richland Community College
Decatur, IL01.1984
Skills
- Experienced with Smart Station
- Proficient in Excel, Word, and Outlook
Timeline
Senior Supervisory Control Specialist
Wells Fargo Advisors
05.2024 - Current
Regional Supervisor
Wells Fargo Financial Network
06.2018 - 05.2024
Compliance Specialist
Wells Fargo Advisors
06.2014 - 06.2018
Regional Branch Supervisor-Private Client Group’s Centralized Supervision Unit (CSU)
03.2008 - 06.2014
Advertising Compliance Analyst, Securities Research
A.G. Edwards Inc.
03.2005 - 03.2008
Compliance Officer
FFP Securities, Inc.
04.2004 - 11.2005
Compliance Officer, Associate V.P.
Union Planters Investment Advisors, Inc.
05.2001 - 05.2004
undefined
Millikin University
Associates Degree - undefined
Richland Community College
Bachelor of Arts - Music
Southern Illinois University
licenses
- Series 24 General Securities Principal (2002)
- Series 7 General Securities Representative (2001)
- Series 6 Investment Company Products/Variable Contracts Representative(2000)
- Series 9/10 General Securities Sales Supervisor (2008)
- Series 66 Uniform Registered Investment Advisor 2001
- Series 3 National Commodity Futures (2012)
- Insurance
- Life, Accident, Health Insurance Agent License (2008)
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