What are the responsibilities and job description for the Due Diligence Consultant position at wellsfargo?
Title: Due Diligence Consultant
Location: Charlotte, NC
Alternative location: West Des Moines, IA
Duration: 6 months
Work Engagement: W2
Work Schedule: Hybrid
Responsibilities:
• Mitigate risk by accurately executing upon due diligence screening within agreed upon time frames.
• Exercise independent judgment to guide medium risk screening deliverables.
• Assist with screening operational activities outside of standard work queue as needed including but not limited to workflow management, business continuity, data gathering, analysis, etc.
• Provide subject matter knowledge, leveraging solid understanding of screening function, policies, procedures, and compliance requirements, to assist with process walkthroughs, procedure reviews, testing engagements, and transformation activities.
• Collaborate and consult with peers, colleagues, managers to resolve screening process and production related issues.
• Review and analyze screening processes and controls for improvement opportunities.
• Participate in focus group opportunities to assist with screening improvement efforts.
• Partner with senior consultants to aid in training facilitation, quality review, and post training support for new screening consultants.
• Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals.
• Aggregate, evaluate and report results and escalate where necessary.
Qualifications:
• 2 years of experience in name screening (financial crimes, regulatory, risk identification related)
• Proven ability to read and interpret adverse media content in order to isolate the subject matter, the alerting party, and its (alerting party) role in the article
• Proven research and investigative due diligence experience to validate article details or identify missing data attributes
• Proven ability to document rationale in a clear, concise fashion
• Systems proficiency: Word products
• Quality Control awareness
• Financial-crimes knowledge
• Regulatory knowledge
• Critical Thinking: Materiality and Risk Assessment experience to distinguish adverse news from material news
• Analytical Writing: Concise, factual writing that separates what the source says, what the research establishes, and why that evidence supports the disposition.
• Workflow management, assignment distribution