Due Diligence Consultant 2

Job Description

You’ve got the passion. You’ve got the skills. Now you just need the right opportunity. At Wells Fargo, you’ll have the chance to join a team of smart and talented people who share the same values. Our diverse lines of business offer a world of opportunity to expand your capabilities and advance your career. We invest in our people and provide a supportive environment in which to learn and grow.

Enhanced Due Diligence Center (EDDC), within Financial Crimes Risk Management (FCRM), is looking for qualified candidates to join an exciting team focused on monitoring enhanced due diligence programs for Money Services Businesses, Third Party Payment Processors, High Risk Customers and Casinos. This position will be supporting the Regional/Community Banking Line of Business.

As the Due Diligence Consultant, you will:

  • Work closely with the FCRM Policy group in the development of corporate policy related to due diligence requirements for certain high-risk customer and product types.

  • Establishes and manages enhanced due diligence programs that provide enterprise-level oversight for specific high risk products and services

  • Builds and maintains centralized processes to provide consistent customer and product due diligence

  • Provides consulting and subject matter expertise to LOBs on BSA/AML regulatory requirements and risk mitigation options

  • An ongoing monitoring of a wide variety of customers within the EDDC customer portfolio (MSB/TPP/Casino/High Risk Risk)

The Enhanced Due Diligence Center, formerly known as the MSB Control Center, is within the Financial Crimes Risk Management (FCRM) organization. The Enhanced Due Diligence Center (EDDC) group was formed in 2013 to help meet the evolving due diligence needs of its Line of Business partners. This group is responsible for ensuring that Wells Fargo handles risk with high risk industries at the enterprise level, and that Wells Fargo is in compliance with all applicable BSA laws and regulations. Based on corporate and Line of Business needs, the EDDC group offers the following services:

  • Establishes and manages enhanced due diligence programs that provide enterprise-level oversight for specific high risk products and services
  • Builds and maintains centralized processes to provide consistent customer and product due diligence
  • Provides consulting and subject matter expertise to LOBs on BSA/AML regulatory requirements and risk mitigation options
  • Works closely with the FCRM Policy group in the development of corporate policy related to due diligence requirements for certain high-risk customer and product types

The successful candidate will have experience and needs to be able to demonstrate the following:

  • Experience in fraud, BSA/AML, investigations of financial crimes transactions or policy violations, risk management or compliance knowledge of AML/CIP/CDD and other BSA Policies

  • Strong research and analytical skills, with the ability to analyze, summarize, and document large amounts of data and, correspondence.

  • Able to multi-task and meet deadlines in high –pressure environment

  • Flexible and adaptable to changing work processes

  • Proven ability to make appropriate risk decisions involving complex circumstances with both business and customer impacts.

  • Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously

  • Strong customer service, problem-solving, and communication (both written and oral) skills.

  • Strong computer skills, able to quickly learn and utilize multiple internal and external tools and systems to collect information and conduct research/ proficient in Microsoft Office.

Required Qualifications

  • 3+ years of business or military experience in one or a combination of the following: due diligence, sanctions, risk management, investigation, fraud, financial crimes, or compliance

Desired Qualifications

  • 3+ years of experience with BSA/AML/OFAC laws and regulations
  • Ability to evaluate risks and the impact of decisions on an overall organization
  • Strong time management skills and ability to meet deadlines
  • Solid problem solving skills
  • Excellent verbal, written, and interpersonal communication skills
  • A BS/BA degree or higher
  • Certified Anti Money Laundering Specialist (CAMS)
  • Knowledge and understanding of Anti Money Laundering (AML) and terrorist financing regulations and programs

Other Desired Qualifications
  • Solid understanding of Money Service Business models, bank relationships, and transaction processes.
  • Knowledge of AML systems and due diligence tools.
Disclaimer

    All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.



    Relevant military experience is considered for veterans and transitioning service men and women.

    Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.


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