About this role
Wells Fargo is seeking a Due Diligence Consultant in Financial Crimes Operations (FCO)as part of Business Operations. Learn more about the career areas and lines of business at
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.
- Complete package review and due diligence cases from the onboarding pipeline while meeting quality and productivity targets.
- Provide individual pipeline management (New/In Progress / escalations & roadblocks)
- Proactively and promptly escalate issues for resolution.
- Identify area for improvement within the FCO process.
- Develop strong relationships with internal / external stakeholders.
Specific responsibilities include, but are not limited to
- Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals.
- Interacting with peers and partners in Client Onboarding, Front Office Contacts, and Inline Quality Control 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.
- Manage and meet service level expectations related to opening accounts and/or maintenance to drive efficacies.
- Exercise independent judgment.
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
- Intermediate Microsoft Office skills
- Excellent verbal, written, and interpersonal communication skills.
- Strong analytical skills with high attention to detail and accuracy.
- Ability to interact with all levels of an organization.
- Operates independently with minimal supervision, and effectively manages work requests to meet performance expectations.
- Experience using Wells Fargo Cornerstone system.
- 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.
- Knowledge and understanding of Know Your Customer (KYC) regulations.
- Quality control review experience.
- Ability to document and describe complex transactions and manage due diligence.
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 USAll 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.
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