Due Diligence Consultant

Wells Fargo is seeking a Due Diligence Associate in FCO performs screening and alert dispositioning for over match score of 84% & above of Wells Fargo’s customer relationships, as well all international and domestic wire transfers, global remittances, ACH, credit card/prepaid cards, trade finance, official checks and other payment products. The Consultant will perform screening to detect politically exposed persons (PEPs) & MRB holding accounts directly or indirectly through beneficial ownership. The role also entails Negative News screening for certain account/customer records.

In this role, you will:

n 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

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:

• 2+ years of experience in Financial Crime Compliance – Sanctions Screening (Customer & Transaction), PEP & Negative News Screening
• Knowledge & understanding of BSA & USA PATRIOT Act, OFAC Sanctions Programs
• Experience using screening tools like World Check, Lexis Nexis, Dow Jones & RDC
• Ability to identify red flags and disposition alerts using a risk based approach
• Eye for detail, prioritization and time management
• Ability to take initiative and work independently with minimal supervision
• Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Good customer service skills, team work and stakeholder connect
• Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously
• Graduate, preferably in Finance / Business Administration

Posting End Date: 

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

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.