Due Diligence Consultant

About this role:

Wells Fargo is seeking a Due Diligence Consultant

In this role, you will:

• Own client onboarding process to mitigate risk through a due diligence process
• Participate in conducting less complex client due diligence processes, research and identify opportunities to mitigate risk
• Consult and provide support to interpret policies, guidelines and governance programs
• Support business in execution of due diligence reporting processes and controls
• Review and analyze client onboarding processes or challenges that require research, evaluation, and selection of alternatives
• Exercise independent judgment to guide medium risk deliverables
• Aggregate, evaluate and report results and escalate where necessary
• Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the due diligence function, policies, procedures and compliance requirements
• Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals

Required Qualifications:

• 2+ 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

Key Responsibilities

1. Transaction Review & Analysis

• Perform end‑to‑end transaction analysis for financial intermediaries, including banks, payment service providers, brokers, fintechs, and NBFIs.
• Review originator and beneficiary details to verify legitimacy, consistency, and risk exposure.
• Assess transaction patterns, velocity, volumes, and unusual behaviors through data‑driven review.
• Identify discrepancies between transaction activity and the customer’s known profile or expected activity.
• Determine the nature, purpose, and economic rationale of transactions where unclear or potentially suspicious.

2. AML/KYC Risk Assessment

• Evaluate AML/KYC risk indicators, including geographic risk, entity type, product risk, and delivery channel risk.
• Identify red flags such as structuring, layering indicators, shell entity activity, opaque ownership, high‑risk jurisdictions, or nested relationships.
• Draw risk‑based conclusions and recommend next steps (enhanced due diligence, escalation, monitoring controls).
• Document findings clearly and concisely to support overall customer due‑diligence reviews.

3. Deep‑Dive Investigations

• Conduct follow‑up research using internal systems, open‑source intelligence (OSINT), commercial databases, and regulatory lists.
• Summarize the originator/beneficiary profile, relationship background, transaction purpose, and any adverse findings.
• Analyse source‑of‑funds/source‑of‑wealth indications where relevant.

4. Reporting & Documentation

• Prepare high‑quality investigative narratives in line with regulatory and audit standards.
• Maintain clear audit trails of data sources, assumptions, and decision-making rationale.
• Support the preparation of SAR/STR filings where required.

5. Stakeholder Collaboration

• Work closely with Due Diligence teams, AML Investigations, Sanctions, and Compliance Advisory teams.
• Engage with internal partners to clarify customer activity, mitigate risks, or seek additional documentation.
• Provide insights to help refine transaction monitoring scenarios for financial intermediaries.

6. Policy & Regulatory Compliance

• Stay updated on global AML/KYC regulations relevant to financial intermediary relationships (FATF, FinCEN, FCA, MAS, etc.).
• Ensure all reviews adhere to internal AML policies, risk frameworks, and regulatory standards.
• Assist in process improvements, quality assurance, and training initiatives.

Required Qualifications & Skills

Technical Skills

• Strong understanding of AML frameworks, financial‑intermediary risks, and global regulatory expectations.
• Experience with transaction monitoring systems, case management tools, and KYC platforms.
• Ability to analyze data, identify patterns, and make risk‑based judgments.
• Proficiency in reviewing SWIFT/MT messages, wire transfers, payments, and correspondent banking flows (preferred).

Analytical Skills

• Ability to interpret complex financial flows and derive meaningful insights.
• Strong research capabilities (OSINT, corporate registries, sanctions lists, media reviews).

Posting End Date: 

*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.

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.