Senior Due Diligence Consultant

Wells Fargo•Irving, TX

1d•Hybrid

About The Position

Wells Fargo is seeking a Senior Business Accountability Specialist (SBAS) in Financial Crimes Operations as part of Enterprise Functions. The Transactional Risk & Intelligence Group (TRIG) is a centralized function within Financial Crimes Operations that delivers actionable transactional analysis and intelligence reporting. TRIG is seeking a SBAS to perform transaction-based reviews on higher risk customers and account types with elevated and complex risk profiles. Learn more about the career areas and business divisions at wellsfargojobs.com. In this role, you will: Participate in conducting due diligence programs on moderately complex initiatives and deliverables within functional area and contribute to large scale planning related to functional area deliverables Provide subject matter expertise on due diligence documentation requirements and data sources Support business in execution of due diligence reporting processes and controls, interpret policies, guidelines and governance programs Review and analyze client onboarding processes and challenges that require research, investigation, evaluation, and selection of alternatives Provide subject matter expertise on documentation and data sources and exercise independent judgment to guide moderate to high risk deliverables Compile and evaluate report results and escalate when necessary Resolve moderately complex issues and lead team to meet functional area process deliverables Leverage solid understanding of the function, policies, procedures and compliance requirements Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals Conduct deep due diligence research on high-risk customers and analyze customer transactions and demographic data points to identify new or emerging customer financial crimes risks, and/or customers presenting a heightened risk within a portfolio Evaluate high complexity portfolio/customer reviews to determine appropriate level of escalation and ultimate recommendation, in consultation with manager/team lead/reviewer Work with 1,000s of rows and cells of data in Microsoft Excel to perform the analysis on data points ranging from geography to transactional values and volumes to relational data Work with the group’s data partners, mid-level managers, and cross-functional business partners to develop strategies, techniques, and tools to facilitate the advancement of reviews Write and publish portfolio/customer review reports with bolstered observations and risk dispositions that help business partners better understand customer’s behavior and manage the risk Communicate findings and provide appropriate direction to manager/team lead/reviewer and business partners Participate in moderately to high complexity project initiatives File unusual activity reports in a timely manner Maintain organized and detailed documentation of review results or recommendations by following all established procedures/processes Help draft/author new or existing procedures or process modifications that impact the execution of the reviews Serve as an anti-money laundering/counter threat finance subject matter expert, and reviewer of reports for more junior members on the team Proactively provide enhancements to existing money laundering/terrorist financing typologies based upon observations from daily work

Requirements

4+ 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

Nice To Haves

Comprehensive knowledge of financial crime risks
Proficient knowledge of transactional products (wires, ACH, check, cash vault, etc.)
Advanced knowledge of BSA/AML programs including KYC, CDD, EDD, CIP and/or other related risk and regulatory disciplines
Strong understanding of Wells Fargo AML policy/procedures, higher risk customers, and complex business models
Experience with customer types such as financial institutions, money service businesses, third party payment processors fintechs, etc.
Demonstrated ability to evaluate financial crimes risks and to communicate relevant risk in a simple, decisive, timely and market-appropriate manner
Ability to identify financial crimes and formulate actionable conclusions/ recommendations
Advanced MS Excel including the ability to manage extremely large and complex sets of transactional data
Knowledge of Wells Fargo systems (WCIS, Cornerstone, Hogan, OIB, IIS, UAR Portal, etc.)
Bachelor’s degree in Business, Finance, Accounting, Economics, National Security & Intelligence Studies or other relevant fields
Ability to think with a risk control mindset
Strong verbal, written, and interpersonal communication skills
Demonstrated ability to build strong partnerships across business units
Strong attention to detail
Proactive approach to solving problems
Strong decision-making, organizational and planning skills
Industry certifications (e.g. CAMS certified and/or Wells Fargo AML/Sanctions Credential Program, etc.)

Responsibilities

Conduct due diligence programs on moderately complex initiatives and deliverables within functional area and contribute to large scale planning related to functional area deliverables
Provide subject matter expertise on due diligence documentation requirements and data sources
Support business in execution of due diligence reporting processes and controls, interpret policies, guidelines and governance programs
Review and analyze client onboarding processes and challenges that require research, investigation, evaluation, and selection of alternatives
Provide subject matter expertise on documentation and data sources and exercise independent judgment to guide moderate to high risk deliverables
Compile and evaluate report results and escalate when necessary
Resolve moderately complex issues and lead team to meet functional area process deliverables
Leverage solid understanding of the function, policies, procedures and compliance requirements
Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals
Conduct deep due diligence research on high-risk customers and analyze customer transactions and demographic data points to identify new or emerging customer financial crimes risks, and/or customers presenting a heightened risk within a portfolio
Evaluate high complexity portfolio/customer reviews to determine appropriate level of escalation and ultimate recommendation, in consultation with manager/team lead/reviewer
Work with 1,000s of rows and cells of data in Microsoft Excel to perform the analysis on data points ranging from geography to transactional values and volumes to relational data
Work with the group’s data partners, mid-level managers, and cross-functional business partners to develop strategies, techniques, and tools to facilitate the advancement of reviews
Write and publish portfolio/customer review reports with bolstered observations and risk dispositions that help business partners better understand customer’s behavior and manage the risk
Communicate findings and provide appropriate direction to manager/team lead/reviewer and business partners
Participate in moderately to high complexity project initiatives
File unusual activity reports in a timely manner
Maintain organized and detailed documentation of review results or recommendations by following all established procedures/processes
Help draft/author new or existing procedures or process modifications that impact the execution of the reviews
Serve as an anti-money laundering/counter threat finance subject matter expert, and reviewer of reports for more junior members on the team
Proactively provide enhancements to existing money laundering/terrorist financing typologies based upon observations from daily work