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Wells Fargo · 4 days ago

Due Diligence Consultant - Corporate PEP Team

Minneapolis, MN

Full-time

Hybrid

Entry, Mid Level

$66K/yr - $100K/yr

2+ years exp

Wells Fargo is seeking a Financial Crimes Due Diligence Consultant within the Corporate Politically Exposed Person (PEP) Team. The role involves making determinations on PEP status, assessing risk levels, and supporting the client onboarding process to mitigate risks through due diligence.

BankingFinancial ServicesFinTechInsurancePayments

Responsibilities

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

Qualification

Due Diligence experienceBSA/AML experiencePEP program experienceFinancial Crimes researchWorld Check analysisAnalytical capabilitiesMicrosoft Office skillsTime managementVerbal communicationWritten communicationCollaboration skillsStrategic thinking

Required

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

Preferred

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

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