Senior Due Diligence Consultant

Job Description

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: 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 Required Qualifications: 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 Job Expectations: Conducts reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine appropriateness for Wells Fargo. Conducts comprehensive research and/or background investigations on individuals, entities, organizations or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly documenting findings. Reviews & analyzes due diligence data from a variety of sources to determine overall risk. Screens customers, prospects and/or transactions against various regulatory reporting lists and regionally based sanctions watch lists. Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations. Reviews transactions profiles of high risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities. Escalates confirmed PEP matches. MRB, Negative News and other risks appropriately. Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank. Consults with peers, line of business managers & other external parties regarding due diligence findingsDevelops/delivers procedures or training; or mentors less experienced consultants. Effectively manages work requests to meet performance expectations. Participates in moderate to complex project initiatives as the primary subject matter expert Lead or participate in moderately complex initiatives and deliverables within functional area and contribute to large-scale planning related to functional area deliverables Investigate, research, examine, and report complex financial crimes transactions, policy violations and suspicious situations with high levels of risk Perform risk evaluation and modeling to provide input and recommendations for financial crimes strategies and models Evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls Conduct data and onsite reviews, review findings, determine risk level and recommend resulting fraud prevention strategies Perform investigative research, root cause assessment and consulting regarding highly complex financial crimes transactions, policy violations and suspicious situations with moderate to high risk Perform detailed examination to detect transactional and relationship patterns, trends, anomalies and schemes across multiple businesses or products Act as an escalation point for more complex cases Resolve moderately complex issues and lead a team to meet deliverables Partner closely with leadership to develop strategies to minimize financial crime portfolio risk through innovative methods with the ultimate goal of maximizing profits Provide leadership within the team Serve as a liaison and represent the organization in handling court appearances, depositions, mediations, and arbitrations Collaborate and consult with peers, colleagues and mid-level managers to resolve issues and achieve goals Lead projects, teams or serve as a mentor for less experienced staff Develop and deliver a wide range of training for individuals involved in issue detection Interact internally and externally to conduct investigations or to address risk management Knowledge & understanding of BSA & USA PATRIOT Act, OFAC Sanctions Programs Experience using screening tools like World Check, Lexis Nexis & Dow Jones. Ability to identify red flags and disposition alerts using a risk-based approach Eye for detail, prioritization and time management Ability to take initiative and work independently with minimal supervision Expert in Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills Proficient in customer service skills, team work and stakeholder connect Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously Experience as a QC Maker 4-eye reviewer Desired Qualifications: Strong understand on AML model scenarios/model that involve transaction monitoring, review and investigation summary Strong ability to identify red flags, validate, research, and analyze data. Strong critical thinking & analytical skills with high attention to detail and accuracy Excellent verbal, written, and interpersonal communication skills Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment Ability to develop partnerships and collaborate with team members from functional areas Ability to take on a high level of responsibility, initiative, and accountability. This is AML Investigator role where analyst is required to understand the model/rules and should be able to identify the red flags and mitigating factors. Strong investigation writing skills to be able to articulate the entire investigation in impactful manner. Investigators should be able to plan and prioritize the daily deliverable Proactive in raising potential issues or blockers to get solution in timely manner. Eagerness and ability to participate in new projects with timely delivery