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Due Diligence Associate
Company: Wells Fargo
Location: Des Moines, IA
Employment Type: Full Time
Date Posted: 04/17/2021
Expire Date: 05/18/2021
Job Categories: Banking, Finance/Economics, Financial Services, Information Technology, Insurance, Military, Sales, Executive Management, Research & Development
Job Description
Due Diligence Associate
Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Commercial Banking provides financial solutions to businesses with annual sales generally in excess of $5 million. Our business lines are Wells Fargo Commercial Capital, Middle Market Banking, and Treasury Management & Payment Solutions.

Wells Fargo Commercial Capital

  • A market-leading provider of working capital, investment capital, trust services, and sales financing solutions that help customers optimize liquidity and grow their business through their lifecycle

Middle Market Banking

  • Services private and public companies with annual sales of $5 million to $2 billion
  • Specialized expertise across industry sectors

Treasury Management & Payment Solutions

  • Provides cash management services and digital channel capabilities for customers of Commercial Banking and Corporate & Investment Banking
  • Also serves some Consumer and Small Business Banking and Wealth and Investment Management customers, and Auto Dealer Finance partner relationships in Consumer Lending

Due Diligence owns the client onboarding process and engages with clients, relationship team and third parties to mitigate risk via a thorough due diligence process which may include: conducting comprehensive research and/or background investigations on transactions, individuals, entities, organizations, or locations to identify and mitigate associated sanctions, credit, financial crimes, and reputational risks and thoroughly documented findings. Engages with clients directly or indirectly through relationship managers to support meeting policy / regulatory requirements in a manner consistent with Wells Fargo's values and focus on client satisfaction. Consults and provides guidance to business groups and process/product owners on the implementation and execution of business-specific programs, processes and controls that review bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a low to moderate degree of complexity and risk to determine appropriateness for Wells Fargo. Consults and provides support in the interpretation of policy, guidelines, and governance programs for low to moderate risk and complexity due diligence programs. Gathers and inputs data utilizing multiple internal systems and/ or external 3rd party resources to identify documentation required to meet policy or regulatory requirements. Analyzes data to identify issues to be escalated for review of compliance with regulatory and department guidance. Supports business in execution of due diligence reporting processes and controls. Aggregates, evaluates, reports results and escalates where necessary. Supports and implements initiatives with low to moderate risk. Internal interaction with team to support identification, management and mitigation of business-specific risk programs. Operates independently and effectively manages work requests to meet performance expectations.

This position may be located at one of the following sites:

1525 W W T Harris Blvd, Floor 02, Charlotte, NC 28262-8522 MAC: D1108-024

8505 IBM Dr, Floor 02, Charlotte, NC 28262-4302 MAC: D1192-025

401 S Tryon St, Floor 07, Charlotte, NC 28202-1911 MAC: D1050-072

800 Walnut St, Floor 02, Des Moines, IA 50309-3605 MAC: 0003-021

100 W Washington St, Floor 05, Phoenix, AZ 85003-1808 MAC: S4101-054

123 S Broad St, Philadelphia, PA 19109-1029

  • The successful candidate must be available to work Monday through Friday; 8:00am to 5:00pm. Hours may change due to business needs.
  • Telecommute is NOT an option for this role. This position is currently working remotely but will be expected to return to the location at a future point in time when Wells Fargo returns to the standard operating model.
  • Job posting may be removed earlier than the stated closing date due to volume of applicants.

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.

Visit https://www.wellsfargo.com/about/careers/benefits/ for benefits information



Required Qualifications

  • 2+ years of risk management experience in one or a combination of the following: risk management, client service, operations support, or business process management demonstrated through work or military; or 2+ years of financial services industry experience and a BS/BA degree or higher in business or any above-mentioned discipline



Desired Qualifications

  • 1+ year of BSA/AML experience
  • Ability to interact with all levels of an organization
  • Excellent verbal, written, and interpersonal communication skills
  • Intermediate Microsoft Office (Word, Excel, Outlook, PowerPoint, Access, and Project) skills
  • Solid critical thinking skills
  • Strong analytical skills with high attention to detail and accuracy
  • An active Certified Regulatory Compliance Manager (CRCM) designation
  • Certified Anti Money Laundering Specialist (CAMS)
  • Certified Fraud Examiner (CFE)



Other Desired Qualifications
  • Working knowledge of BSA/AML programs including KYC, CDD, EDD, CIP and / or other related risk and regulatory disciplines
  • Ability to execute on a repeatable process


Salary Information

The salary range displayed below is based on a Full-time 40 hour a week schedule.

AZ-PHX-Central Phoenix: Min: $54,000 Mid: $75,000
NC-Charlotte: Min: $54,000 Mid: $75,000
PA-Philadelphia: Min: $59,400 Mid: $82,500
NC-Charlotte: Min: $54,000 Mid: $75,000
NC-Charlotte: Min: $54,000 Mid: $75,000
IA-Des Moines: Min: $54,000 Mid: $75,000



Street Address

NC-Charlotte: 1525 W Wt Harris Blvd - Charlotte, NC
NC-Charlotte: 8505 Ibm Drive - Charlotte, NC
NC-Charlotte: 401 S Tryon St - Charlotte, NC
IA-Des Moines: 800 Walnut St - Des Moines, IA
AZ-PHX-Central Phoenix: 100 W Washington St - Phoenix, AZ
PA-Philadelphia: 123 S Broad St - Philadelphia, PA



Disclaimer


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.



Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.



Benefits Summary

Benefits
 

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.

Contact Information
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