What are the responsibilities and job description for the Due Diligence Associate Manager position at Wells Fargo?
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About this role:
Wells Fargo is seeking a Due Diligence Associate Manager in Commercial Banking as part of Financial Crimes Operations. Learn more about the career areas and lines of business at wellsfargojobs.com.
In this role, you will:
- Supervise a team of individuals who are responsible for executing activities associated with conducting due diligence reviews of bank customers transactions
- Oversee a moderate degree of complexity and risk to determine appropriateness of processes to ensure timely completion, quality and compliance
- Own the client onboarding process and engage with clients, relationship team and third parties
- Mitigate risk through due diligence process
- Identify opportunities for process improvement and risk control development in less complex functions
- Work with due diligence management to implement department policies, procedures and reporting to maximum risk while providing exceptional customer experience
- Establish performance standards, evaluate performance and train and coach staff
- Make daily supervisory decisions and resolve issues related to team supervision, work allocation and daily operations under direction of due diligence management
- Leverage interpretation of policies, procedures, and compliance requirements
- Collaborate and influence all levels of professionals
- Lead a team to achieve objectives
- Manage allocation of people and financial resources for Due Diligence group
- Mentor and guide talent development of direct reports and assist in hiring talent
Specific responsibilities include, but are not limited to:
- Manage a team of Senior Associates and Associates on the Exit Governance and Oversight (EGO) Processing & Risk Oversight (PRO) team
- Primary point of contact for all CB / CIB exits which includes intake, processing and clarifying questions, follow up, change requests and reporting
- Adherence to all Customer Exit and Offboarding controls
- Facilitate Business knowledge share sessions for customer exits and offboarding
- Ensure team performs initial and ongoing QC of any submitted Exit within the defined SLAs
- Conducts weekly meetings with business exit teams to discuss reporting and expectations, including timely completion of exits and escalation measures for past due work
- Escalate all potential Financial Crimes exits to Exit Governance and Oversight Financial Crimes Team
- Monitor / track Customers Exits through closure
- Monitor / track offboarding population through completion
- Review target closure date extensions and removals from the process
- Govern Exit Forum and triage takeaways
- Liaise with Reporting Enablement & Metrics (REM) when reporting needs and FCL (Full Customer List) questions arise
- Assist with AXIS enhancements and Cornerstone enhancements to Customer exit coach (suspend and unsuspend) and offboarding
Required Qualifications, US:
- 2 years of Due Diligence, risk management, client service, operations support, or business process management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 1 years of Leadership experience
Desired Qualifications:
- Advanced Microsoft Office skills
- Excellent verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Ability to interact with all levels of an organization
- Operates independently with minimal supervision, and effectively manage tasks to meet performance expectations
- Ability to dissect complex organizational structures to complete due diligence quality reviews
- Ability to handle confidential material in a professional manner
- Ability to articulate complex concepts in a clear manner
- Ability to prioritize tasks, achieve goals, and work under pressure in a dynamic and complex environment
- Ability to collaborate with geographically dispersed teams
- Ability to navigate through ambiguity and maintain momentum driving for results and clarity in uncertain situations
- Experience putting together PowerPoint slides and strong presentation skills
- Track record of living Core Values and holding other team members accountable to these Values.
- Knowledge of Commercial Banking products and services
Posting Locations:
- 301 S. Tryon Charlotte, NC 28282
Pay Range
$84,000.00 - $149,400.00 USD Annual
Salary range is determined by location of the job
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.
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, or national origin.
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.
