Senior Due Diligence Consultant, Wells Fargo

Wells Fargo

Location:
India, Bengaluru

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Wells Fargo is seeking Sr 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.

Job Responsibility:

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
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 findings
Develops/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

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
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

Nice to have:

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
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

Additional Information:

Job Posted:
April 29, 2025

Expiration:
April 30, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Senior Due Diligence Consultant