Due Diligence Consultant 1 in Houston, Texas | DiversityInc Careers
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Due Diligence Consultant 1

Job Description

At Wells Fargo, we have one goal: to satisfy our customers’ financial needs and help them achieve their dreams. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience. 

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. 

Corporate Risk helps all Wells Fargo businesses identify and manage risk. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.


The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

Key Job Responsibilities:

  • Conduct routine reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a low degree of complexity and risk to determine appropriateness for Wells Fargo.
  • Conduct comprehensive research or background investigations on individuals, entities, organizations or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly document findings.
  • Review and analyze investigations data from a variety of sources to determine overall risk.
  • Screen customers, prospects and/or transactions against various regulatory reporting lists: Office of Foreign Asset Control (OFAC), Politically Exposed Persons (PEP), the internal Bank Secrecy Act (BSA) Hot List, and other regionally based sanctions watch lists.
  • Evaluate alerts to determine permissibility under sanctions regulations and provide appropriate direction regarding the disposition of related assets to the line of business. Escalate confirmed sanctions alerts, PEP matches or other alerts appropriately.
  • Perform non-documentary Customer Identification Program (CIP) on domestic customers in accordance with the US Patriot Act Section 326, as well as its regional equivalent in non-US markets.
  • Ensure compliance with guidelines set forth in federal/state anti-money laundering (AML) laws and regulations including the Bank Secrecy Act and various sanctions regulations; and in accordance with policy/procedures set by the bank.
  • Consult with peers, line of business managers and other external parties regarding investigation findings. Participate in small to moderate size project initiatives.

Required Qualifications

  • 1+ 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

  • 1+ year of experience with BSA/AML/OFAC laws and regulations
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Ability to research, analyze, and determine a course of action for financial transactions
  • Ability to provide strong customer service and develop customer relationships
  • Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act and Anti Money Laundering (AML) requirements
  • Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills

Other Desired Qualifications
  • Previous experience with workflow logistics or coordination experience


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.