About this role:

Wells Fargo is seeking a...

In this role, you will:

Own client onboarding process to mitigate risk through a due diligence processParticipate in conducting less complex client due diligence processes, research and identify opportunities to mitigate riskConsult and provide support to interpret policies, guidelines and governance programsSupport business in execution of due diligence reporting processes and controlsReview and analyze client onboarding processes or challenges that require research, evaluation, and selection of alternativesExercise independent judgment to guide medium risk deliverablesAggregate, evaluate and report results and escalate where necessaryPresent recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the due diligence function, policies, procedures and compliance requirementsCollaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals

Required Qualifications:

5+ years of experience in one or a combination of the following: financial services, criminal justice, fraud, Bank Secrecy Act, anti-money laundering, or investigations of financial crimes or policy violations; experience in the foregoing Operational Risk Management processes and / or Compliance or Audit Programs of a banking back office operations.Familiarity with and working knowledge of BSA/AML programs including all aspects of KYC and / or other related risk and regulatory disciplines.Proven ability to collaborate with all levels of management and functional groups.Demonstrated organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.

Sound analytical, critical thinking and problem-solving skills
Required Qualifications for Europe, Middle East & Africa only:

Experience in Due Diligence, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

Knowledge and a broad background in Wholesale Banking.Experience in Operational risk management processes and/or compliance and / or audit and / or regulatory programs with KYC Duties.On-boarding/Periodic Review KYC customer processing or Financial Crimes Investigations experience strongly preferred.Thorough understanding of CIP/CDD/EDD requirements .WF AML/Sanctions Credential,  ACAMS, CFE or CRCM designation.Excellent communication and relationship/partnership building skills.Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint.Bachelor’s degree in business, finance or economics Excellent communication and relationship/partnership building skills.Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint.Bachelor’s degree in business, finance or economics.

Job Expectations:

Conducting Know your Customer (KYC) Compliance process for Commercial Capital processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements.Responsible for picking up relevant samples for Peer QC to assure compliance with as prescribed in the QC framework requirements.Participates in and provides compliance support for projects and initiatives with low to high risk to identify, assess and mitigate BSA/AML risk in business activities.Analyze risks or errors and communicate negative findings to relevant Financial Crimes partner for rectification.Identifying and researching the patterns, trends and anomalies in transactional and customer data to detect, prevent, mitigate and report suspicious activity related to money laundering and terrorist financing.Review Customer Due Diligence information for accuracy and investigate discrepancies.Interact with compliance representatives to assess potential unusual activity.Maintain program and procedures, making updates as needed.Assist as needed with examinations and/or audits.

Posting End Date: 

29 Jan 2025

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

 

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.