Minimal old school sub, not bad. To improve I would add some details to differentiate the sub from the movie. Some ideas might be giving the villagers something other than a stash of weapons to protect, or a different motive for the bandits to be stealing their grain.
I like the idea of the Ring of Wolf Control, but the origin is mysterious and I would be curious to know it. Magic items are made for a reason, and this ring could have a very interesting backstory.
Possible idea, the ring was made for a noble who bore the wolf as the heraldic animal of his family. Nominally not a problem, until wolves start raiding sheep pens and harassing locals. Killing the wolves kinda looks bad when they are your chosen symbol. So, he had the ring made to control the wolves to hunt elsewhere and leave his peasant's livestock alone. Later, he found he could send the wolves to hunt his enemie's land, ruining his deer stock, killing untended sheep, etc
Years after this, once Tommy had exacted his revenge on the guildmates who betrayed him to the authorities, he started his own gang of thieves. Contrary to the guild structure that fostered strangers to work together, and sometimes against each other, his gang was family. The Thumbcutters became rather infamous in Farrow and in the surrounding lands. They were indeed thieves of the first rate, but rather than coercion, running rackets and the like, the Thumbcutters were highwaymen and house breakers. They took from the wealthy, from guildsmen and merchants, and their favorite marks, traveling thieves.
The Thumbcutters, however, are still very much part of the community. They give alms at the church, and make an effort at running a front business to look legitimate. They can recognized by their left hands missing the thumb.