About this role:

Wells Fargo is seeking a Due Diligence Consultant to partner with key stakeholders within Wells Fargo to identify and support process and control enhancements for the respective businesses and functions to continually strengthen our control environment and streamline our processes. Learn more about our career areas and business divisions at wellsfargojobs.com.

This Due Diligence Consultant will be part of the FCO Quality Control team. This employee will participate in the testing and monitoring of work performed by Financial Crimes Operations within Consumer Small Business Banking (CSBB).

In this role, you will:

• Own client onboarding process to mitigate risk through a due diligence process

• Participate in conducting less complex client due diligence processes, research and identify opportunities to mitigate risk

• Consult and provide support to interpret policies, guidelines, and governance programs

• Support business in execution of due diligence reporting processes and controls

• Review and analyze client onboarding processes or challenges that require research, evaluation, and selection of alternatives

• Exercise independent judgment to guide medium risk deliverables

• Aggregate, evaluate and report results and escalate where necessary

• Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the due diligence function, policies, procedures, and compliance requirements

• Collaborate and consult with peers, colleagues, managers, and internal and external customers to resolve issues and achieve goals

• Perform and document quality review activities related to CSBB policies, processes, and requirements

• Perform review activities that will provide reasonable assurance that controls are designed and operating effectively

• Interact with peers and partners in Client Onboarding and Ongoing Customer Due Diligence groups

• Leverage strong foundational knowledge of the CSBB minimum CDD requirements by customer type methodology, and Beneficial Ownership requirements and guidelines

• Ensure all quality reviews are conducted and stored according to Inline Quality Control procedure

• Maintain knowledge of latest guidance, including policies and processes.

• Provide training and guidance to internal team members

Required Qualifications:

• 2+ 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

Desired Qualifications:

• 2+ years of Financial Crimes experience

• 2+ years of experience in financial services

• Experience with BSA/AML, Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), Customer Identification Program (CIP) and / or other related risk and regulatory disciplines

• Experience with Know Your Customer (KYC) regulations

• Quality control review experience

• Experience documenting and describing complex transactions and managing due diligence

• Experience reviewing legal documents

• Demonstrated change leadership skills with ability to lead through change impacts

• Excellent Microsoft Office skills

• Excellent verbal, written, and interpersonal communication skills

• Strong analytical skills with high attention to detail and accuracy

• Experience operating independently with minimal supervision, and effectively managing work requests to meet performance expectations

• Ability to dissect complex organizational structures to complete due diligence quality reviews

• Experience handling confidential material in a professional manner

• Ability to prioritize tasks, achieve goals, and work under pressure in a dynamic and complex environment

• Ability to collaborate with geographically dispersed teams

• Ability to navigate through ambiguity and maintain momentum driving for results and clarity in uncertain situations

• Proven experience building partnerships, collaborating, and influencing key stakeholders

• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities

• Experience translating and summarizing complex data into understandable, actionable information and recommendations

Job Expectations:

• This position offers a hybrid work schedule

Posting End Date:

5 Jul 2024

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

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, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.

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.

Company: WELLS FARGO BANK

Req Number: R-377332

Updated: Tue Jul 02 01:20:24 UTC 2024

Location: CHARLOTTE,North Carolina