About this role:

Wells Fargo is seeking a Due Diligence Consultant on the Ongoing Customer Due Diligence Team within Financial Crimes as part of Shared Services Operations. Learn more about our career areas and business divisions at wellsfargojobs.com

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

Specific responsibilities include, but are not limited to:

• Own Ongoing Customer Due Diligence (OCDD) profile review process to mitigate risk through a due diligence process
• Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals
• Participate in the testing and monitoring of work performed by Financial Crimes Operations within Commercial Banking / Corporate & Investment Banking (CB & CIB)
• Performing and documenting quality review activities related to CB & CIB policies, processes, and requirements
• Performing review activities that will provide reasonable assurance that controls are designed and operating effectively
• Interacting with peers and partners in Client Onboarding and Inline Quality Control and Self Assurance as well as our Investigation teams
• Leveraging strong foundational knowledge of the CB & CIB minimum CDD requirements by customer type methodology, other 1FCP procedures, and Beneficial Ownership requirements and guidelines.
• Perform background investigations and negative news screenings for Domestic and OUS Investigation
• Perform ongoing negative news monitoring reviews for CDDI internal partners
• Perform reputational risk screenings for Third Party Program
• Execute and perform sanction, PEP, CIP, regulatory screenings, and other list-based screening services
• Maintain risk management in CDDI program
• Manage and meet service level expectations related to resolving data quality issues, drive efficiencies and reduce the overall data quality issue volume
• Drive successful results and continual process improvement
• Provide support to interpret policies, guidelines and governance programs
• 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 customer onboarding and DQI functions, policies, procedures and compliance requirements
• Ensuring all quality reviews are conducted and stored according to Inline Quality Control procedure
• Maintaining knowledge of latest guidance, including policies and processes.
• Provide training and guidance to internal team members, as required

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:

• 1 years working knowledge of BSA/AML programs including KYC, CDD, EDD, CIP and / or other related risk and regulatory disciplines
• Strong research and problem solving skills while driving for results
• Proven experience building partnerships and collaborating to drive results
• Strong analytical skills with high attention to detail and accuracy
• Demonstrated ability to manage effectively in a matrixed organization
• Demonstrated change leadership skills with ability to lead through change impacts
• Ability to interact with all levels of an organization
• Operates independently with minimal supervision, and effectively manages work requests to meet performance expectations
• Ability to dissect complex organizational structures to complete due diligence quality reviews
• Ability to handle confidential material in a professional manner
• Ability to articulate complex concepts in a clear 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 execute in a fast paced, high demand, environment while balancing multiple priorities
• Ability to quickly re-prioritize work
• Ability to translate and summarize complex data into understandable, actionable information and recommendations
• Excellent Microsoft Office skills
• Excellent verbal, written, and interpersonal communication skills

Job Expectations:

• This position is not eligible for Visa Sponsorship
• Candidate must reside within a reasonable commute to the site location.
• This position offers a hybrid work schedule

Job Location:

• 800 S Jordan Pkwy, West Des Moines, IA

Posting End Date: 

*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.