About this role:
Wells Fargo is seeking a Business Accountability Specialist for the Enhanced Due Diligence Team as part of Consumer, Small & Business Banking. Learn more about the career areas and business divisions at wellsfargojobs.com (https://www.wellsfargojobs.com/career-areas/) .
This role will primarily involve the execution of Enhanced Due Diligence (EDD) processes for CSBB customers. Primary responsibilities will include performing EDD reviews on high-risk non-relationship managed customers.
Additionally, this role may be cross trained to also support due diligence review processes in support of the Customer Risk Review Team, including execution of Event Driven Reviews and Targeted Due Diligence Reviews. The employee may also be asked to contribute to other processed including exits, escalations, high-risk monitoring etc. as needed.
In this role, you will:
Participate in research, assessment, and documentation of matters relating to the business' policy and regulatory adherence, risk mitigation, or control efforts; identify patterns and trends and looks for opportunities for procedural or control improvements within area of focus
Conduct assessments and analysis of basic business or operational outcomes, systems of record, technical assignments, documentation, procedures, or challenges that require research, evaluation, and selection of alternatives; exercise independent judgment to guide completion of medium risk deliverables
Present concise and well-articulated findings and recommendations, including rationale, to facilitate resolution of identified matters; exercise independent judgment while developing expertise in the risk mitigation or control activities of the business
Engage in additional research and studies to enhance regulatory knowledge
Collaborate and consult with colleagues, internal partners, and other business stakeholders to provide feedback, credibly challenge issues, and calibrate, as needed, to ensure alignment, consistency, and accuracy across groups
Participate in cross-organizational or internal operational initiatives and improvement efforts
Required Qualifications:
2+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
2+ years of BSA/AML (Bank Secrecy Act/Anti-Money Laundering) experience
2+ years of fraud prevention or claims experience
Knowledge and understanding of Financial Crimes Risk Management (FCRM)
Certified Anti-Money Laundering Specialist (CAMS)
An active Certified Regulatory Compliance Manager (CRCM) designation
Experience with ability to effectively drive results, provide feedback/direction, and build relationships with leaders and team members in a geographically dispersed team environment
Ability to develop operational reporting and performing complex data analysis
Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
Ability to work independently
Strong analytical and quantitative skills
A BS/BA degree or higher preferred
Ability to develop partnerships and collaborate with other business and functional areas
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Excellent verbal, written, and interpersonal communication skills
Knowledge and understanding of banking: regulations, compliance, policies, process, and procedures
Strong organizational, multi-tasking, and prioritizing skills
Ability to create and deliver dynamic presentations
Job Expectations:
This position offers a hybrid work schedule
Locations:
300 Highway 169 S, Saint Louis Park, MN
1525 W W T Harris Blvd., CHARLOTTE, NC
Required location listed above. Relocation assistance is not available for this position.
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$63,600.00 - $113,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs (https://www.wellsfargojobs.com/en/life-at-wells-fargo/benefits) for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date:
15 May 2025
*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. 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.
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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.
Req Number: R-456061
