Counsel, AVP - WIM Financial Advisor Recruiting

About this role:

Wells Fargo is seeking a Counsel, Assistant Vice President to join the legal team supporting its Wealth and Investment Management (WIM) division. The individual selected will be responsible for: (i) providing advice and guidance on financial advisor (FA) recruiting matters, (ii) analyzing and advising on legal questions concerning the Protocol for Broker Recruiting, (iii) advising on FINRA Form U5s, and (iv) supporting evolving WIM and Legal Department priorities.

In this role, you will:

• Serve as a WIM Legal Division subject matter expert on financial advisor recruiting, which will entail engagement with business leaders and compliance and registration stakeholders.
• Advise on FA recruiting matters, including advising how to mitigate the risk of raiding claims, appropriately handle client information during FA transitions, and interpreting and advising on information contained in FINRA Form U5s.
• Analyze and advise on questions arising under the Protocol for Broker Recruiting.
• Interpret and advise on FA employment agreements, independent contractor agreements, succession agreements, team agreements, and promissory notes.
• Support evolving WIM business and Legal department initiatives.
• Collaborate closely with lawyers across the WIM Legal Division as well as members of the Compliance and Risk teams.

Required Qualifications:

• 2+ years of Law experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Active State Bar membership or the equivalent in a country outside the United States

Desired Qualifications:

• Experience advising on: FA recruiting matters; mitigating the risk of raiding claims; the handling of client information during FA transitions; and Reg S-P and privacy considerations that arise during FA transitions.
• Experience analyzing and advising on questions arising under the Protocol for Broker Recruiting.
• Experience interpreting and advising on FA employment agreements, independent contractor agreements, succession agreements, team agreements, and FA promissory notes.
• Experience documenting and operationalizing legal department procedures related to FA recruiting.
• Industry knowledge regarding financial advisor recruiting practices, trends, and industry developments concerning recruiting FAs who are affiliated with broker-dealers, credit unions, banks, and independent contractor firms.
• Prior experience at a broker-dealer or law firm advising on financial advisor recruiting, raiding considerations, and handling of client data during financial advisor transitions.
• Experience reviewing and interpreting information on a FINRA Form U5 and advising on FINRA Form U5.
• Demonstrated ability to work in a fast paced environment, respond timely to multiple, time-sensitive client inquiries, and support changing business and legal department priorities.

Job Expectations:

• This position is not eligible for Visa sponsorship
• Relocation assistance is not available for this position.
• Ability to work at one of the job posting locations listed
• Ability to work a hybrid schedule, in office at least 3 days a week
• 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 CRF 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

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:

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

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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.

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.