Due Diligence Consultant - Corporate PEP Team

Wells Fargo•Minneapolis, MN

31d•$66,000 - $100,000•Hybrid

About The Position

About this role: Wells Fargo is seeking a Financial Crimes Due Diligence Consultant within the Corporate Politically Exposed Person (PEP) Team. Specific responsibilities include but are not limited to: In this role, you will: Making determinations on PEP status, assessing PEP risk levels, understanding complex PEP customers and networks, and documenting rationale related to PEP. Drive successful results and continual process improvement Review and analyze PEP processes or challenges that require research, evaluation, and selection of alternatives Exercise independent judgment to guide low to medium risk deliverables Present recommendations and exercise independent judgment while developing expertise in the PEP function, policies, procedures and compliance requirements. 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

Requirements

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
The candidate must demonstrate strong assessment and analytical capabilities, including the ability to critically evaluate information, identify patterns and trends, and make data-informed decisions
Strong time management skills and ability to meet deadlines
Microsoft Office (Word, Excel, and Outlook) skills
Strong analytical skills with high attention to detail and accuracy
Strong verbal and written communication skills
Ability to identify, cross-reference, and articulate ambiguous information and act accordingly
Ability to think strategically, implement, and deliver business objectives
Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
Operates independently with supervision support, and effectively manages work requests to meet performance expectations
Ability to operate effectively at both a conceptual level and a detailed level
Proven experience building partnerships, collaborating, and influencing key stakeholders
Ability to collaborate with geographically dispersed teams
Ability to navigate through ambiguity and maintain momentum driving for results and clarity in uncertain situations

Nice To Haves

2+ years BSA/AML experience
BS/BA degree or higher
Experience supporting a Political Exposed Persons (PEP) program by making determinations on a Political Exposed Persons (PEP) status and assessing PEP risk
Experience conducting Financial Crimes related research, analyzing the results of the research, and summarizing the results of the research and analysis in a clear and concise manner
Experience with interpreting and analyzing PEP related World Check and World Compliance reports

Responsibilities

Making determinations on PEP status
Assessing PEP risk levels
Understanding complex PEP customers and networks
Documenting rationale related to PEP
Drive successful results and continual process improvement
Review and analyze PEP processes or challenges that require research, evaluation, and selection of alternatives
Exercise independent judgment to guide low to medium risk deliverables
Present recommendations and exercise independent judgment while developing expertise in the PEP function, policies, procedures and compliance requirements
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