Due Diligence Consultant

About this role:

Wells Fargo is seeking a Due Diligence Consultant.

We believe in the power of working together because great ideas can come from anyone. Through collaboration, any employee can have an impact and make a difference for the entire company. Explore opportunities with us for a career in a supportive environment where you can learn and grow.

In 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:

• Profound knowledge of local due diligence requirements of EU countries as applicable to high/very high-risk entities.
• Hands on experience on enhanced due diligence requirements for Trusts/SPVs/financial institutions
• Identifying and understanding ownership structures for all entity types
• End to end knowledge of RFIs/outreach process for gathering requiring client data by profiling their documents.
• Assess the risk level associated with new and existing customers using defined criteria.
• Perform continuous monitoring and screening of clients against various watchlist, sanctions list and regulatory requirements.
• Strong communication skills, both verbal and written, to effectively articulate findings and recommendations
• Proficient in due diligence databases, KYC software and other investigative tools.
• 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
• Profound knowledge of local due diligence requirements of EU countries as applicable to high/very high-risk entities.
• Hands on experience on enhanced due diligence requirements for Trusts/SPVs/financial institutions
• Analyze and verify customer information and documentation to identify potential risks and discrepancies.
• End to end knowledge of RFIs/outreach process for gathering requiring client data by profiling their documents.
• Assess the risk level associated with new and existing customers using defined criteria.
• Perform continuous monitoring and screening of clients against various watchlist, sanctions list and regulatory requirements.
• Strong communication skills, both verbal and written, to effectively articulate findings and recommendations
• Proficient in due diligence databases, KYC software and other investigative tools.
• Maintain and update customer profiles in compliance with internal policies and global regulatory requirements.
• Collaborate with other departments to resolve KYC related issues and provide guidance on regulatory requirements.
• Stay current with changes in KYC regulations and industry best practices.

Job Expectations:

• Own client onboarding process to mitigate risk through a due diligence process
• Perform periodic KYC refresh basis risk rating and local Jurisdictional requirements in EMEA and APAC
• Participate in conducting 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