Senior Due Diligence Consultant

About this role:

Wells Fargo is seeking a Senior Business Accountability Specialist (SBAS) in Financial Crimes Operations as part of Enterprise Functions. The Transactional Risk & Intelligence Group (TRIG) is a centralized function within Financial Crimes Operations that delivers actionable transactional analysis and intelligence reporting. TRIG is seeking a SBAS to perform transaction-based reviews on higher risk customers and account types with elevated and complex risk profiles. Learn more about the career areas and business divisions at wellsfargojobs.com.

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
• Conduct deep due diligence research on high-risk customers and analyze customer transactions and demographic data points to identify new or emerging customer financial crimes risks, and/or customers presenting a heightened risk within a portfolio
• Evaluate high complexity portfolio/customer reviews to determine appropriate level of escalation and ultimate recommendation, in consultation with manager/team lead/reviewer
• Work with 1,000s of rows and cells of data in Microsoft Excel to perform the analysis on data points ranging from geography to transactional values and volumes to relational data
• Work with the group’s data partners, mid-level managers, and cross-functional business partners to develop strategies, techniques, and tools to facilitate the advancement of reviews
• Write and publish portfolio/customer review reports with bolstered observations and risk dispositions that help business partners better understand customer’s behavior and manage the risk
• Communicate findings and provide appropriate direction to manager/team lead/reviewer and business partners
• Participate in moderately to high complexity project initiatives
• File unusual activity reports in a timely manner
• Maintain organized and detailed documentation of review results or recommendations by following all established procedures/processes
• Help draft/author new or existing procedures or process modifications that impact the execution of the reviews
• Serve as an anti-money laundering/counter threat finance subject matter expert, and reviewer of reports for more junior members on the team
• Proactively provide enhancements to existing money laundering/terrorist financing typologies based upon observations from daily work

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:

• Comprehensive knowledge of financial crime risks
• Proficient knowledge of transactional products (wires, ACH, check, cash vault, etc.)
• Advanced knowledge of BSA/AML programs including KYC, CDD, EDD, CIP and/or other related risk and regulatory disciplines
• Strong understanding of Wells Fargo AML policy/procedures, higher risk customers, and complex business models
• Experience with customer types such as financial institutions, money service businesses, third party payment processors fintechs, etc.
• Demonstrated ability to evaluate financial crimes risks and to communicate relevant risk in a simple, decisive, timely and market-appropriate manner
• Ability to identify financial crimes and formulate actionable conclusions/ recommendations
• Advanced MS Excel including the ability to manage extremely large and complex sets of transactional data
• Knowledge of Wells Fargo systems (WCIS, Cornerstone, Hogan, OIB, IIS, UAR Portal, etc.)
• Bachelor’s degree in Business, Finance, Accounting, Economics, National Security & Intelligence Studies or other relevant fields
• Ability to think with a risk control mindset
• Strong verbal, written, and interpersonal communication skills
• Demonstrated ability to build strong partnerships across business units
• Strong attention to detail
• Proactive approach to solving problems
• Strong decision-making, organizational and planning skills
• Industry certifications (e.g. CAMS certified and/or Wells Fargo AML/Sanctions Credential Program, etc.)

Job Expectations:

• This position offers a hybrid work schedule
• Willingness to work on-site at stated location on the job opening
• This position is not eligible for Visa sponsorship

Location:

• 401 Las Colinas Blvd W Bldg A IRVING, TX 75039

Posting End Date: 

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

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.

Wells Fargo Recruitment and Hiring Requirements:

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.