About this role:
Wells Fargo is seeking a Senior Due Diligence Consultant as part of the Financial Crimes Operations team within Wealth and Investment Management Operations. The Senior Consultant will be responsible for performing key aspects of processes and functions including but not limited to; Cannabis Related Assessments, Enhanced Due Diligence and Ongoing Enhanced Due Diligence. Learn more about our career areas and lines of business at wellsfargojobs.com.
The Senior Consultant will be a subject matter expert on specific and unique high risk client typologies, including industry, geographic, and transactional risk with a focus on WIM clientele. Additionally, ensuring that all internal Service Level Agreements, standards/policy, regulatory requirements, and expectations associated with the Bank Secrecy Act, USA PATRIOT Act, and Economic Sanctions laws and regulations will be critical to this role.
In this role, you will:

• Participate in conducting due diligence programs performing WIM level customer relationship reviews as part of the enhanced due diligence, ongoing enhanced due diligence and/or cannabis related assessment processes
• Provide subject matter expertise on various high risk customer processes along with AML and Financial Crimes related policy and procedures; providing expert level guidance to partners across the various WIM businesses
• Support business in execution of due diligence reporting processes and controls, interpret policies, guidelines and governance programs
• Review and analyze client onboarding processes and account transactional activity 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
• Compose detailed written qualitative risk assessment summaries, making sound and supported recommendations for risk mitigation for high risk customers at onboarding or upon identification, and periodically throughout the life cycle of the customer
• 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
• Maintaining current knowledge of the external regulatory environment and continuously assessing and reporting real and potential impacts to WIM's businesses

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

Desired Qualifications:

• 4 years experience with BSA/AML/OFAC regulatory compliance
• 4 years experience in conducting financial crimes investigations, activity analysis and risk analysis
• Certified Anti Money Laundering Specialist (CAMS) and/or Certified Fraud Examiner (CFE)
• Prior law enforcement or litigation experience
• Strong, clear, and concise written communication skills
• Strong analytical skills with high attention to detail and accuracy
• Ability to interact with all levels of an organization
• Advanced Microsoft Office skills

Posting Locations

• Charlotte, North Carolina
• Minneapolis, Minnesota
• Saint Louis, Missouri
• Salt Lake City, Utah

Posting End Date:
23 May 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.