Senior Due Diligence Consultant

• About this role:

  Wells Fargo is seeking a Senior Due Diligence Consultant.

• TheSenior Due Diligence Consultantconducts due diligence and investigations on commercial customers and their related parties (owners, board of directors, and chief level executives), as well as the bank high net value clients seeking to expand or establish new credit relationships.Primary due diligence and investigative responsibilities involve conducting comprehensive background investigations on individuals and business entities to identify and mitigate credit (willingness to pay), financial crimes, and reputational risk associated with existing lines of business portfolios and prospects while adhering to the Corporate BSA/AML policies. The components of the background investigation include, but are not limited to criminal and civil litigation, bankruptcies, judgments, and tax liens, corporate registration, adverse news, and the initiation of in-country investigations for high-risk international customers. The Due Diligence Consultantare expected to review and analyze investigations data from a suit of sources compiled in a data aggregator.The investigation findings will have a high degree of complexity and will require confirmation or a phase positive determination.Investigation results are summarized in an investigation summary report and delivered to the line of business that is managing or establishing the relationship.

In this role, you will:

• Participate in conducting due diligence programs on moderately complex initiatives and deliverables within functional area and contribute to large scale planning related to functional area deliverables
• Provide subject matter expertise on due diligence documentation requirements and data sources
• Support business in execution of due diligence reporting processes and controls, interpret policies, guidelines and governance programs
• Review and analyze client onboarding processes and challenges that require research, investigation, evaluation, and selection of alternatives
• Provide subject matter expertise on documentation and data sources and exercise independent judgment to guide moderate to high risk deliverables
• Compile and evaluate report results and escalate when necessary
• Resolve moderately complex issues and lead team to meet functional area process deliverables
• Leverage solid understanding of the function, policies, procedures and compliance requirements
• Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals

Required Qualifications:

• 4+ years of Due Diligence experience, or equivalent (including risk management, client service, operations support, or business process management) demonstrated through one or a combination of the following: work experience, training, military experience, education

• Key Job Responsibilities

• Conducts reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine appropriateness for Wells Fargo.
• Conducts comprehensive research and/or background investigations on individuals, entities, organizations or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly documenting findings.
• Reviews and analyzes due diligence data from a variety of sources to determine overall risk.
• Screens customers, prospects and/or transactions against various regulatory reporting lists and regionally based sanctions watch lists.
• Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations. Works with high risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities. Provides appropriate direction to the line of business. Escalates confirmed sanctions alerts, PEP matches and other risks appropriately.
• Performs non-documentary Customer Identification Program on domestic customers in accordance with regulations and bank policy.
• Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank.
• Consults with peers, line of business managers and other external parties regarding due diligence findings. Participates in moderate size project initiatives.
• Operates independently with minimal supervision and effectively manages work requests to meet performance expectations of the team.
• Should be the point of contact for any queries, escalations, and transformation initiatives for the team.
• Should have the knowledge of Risk and compliance also need to possess rational thinking make judgment calls based on situations and scenarios that benefit the team and the group.

• Essential Qualifications:

  7+ years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk) and a university degree in Business or related discipline.

  Desired Qualifications:

• Ability to take initiative and work independently with minimal supervision in a structured environment
• Ability to research, analyze, and determine a course of action for financial transactions
• Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act and Anti Money Laundering (AML) requirements
• Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Ability to provide strong customer service and develop customer relationships.

Posting End Date:

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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.