Due Diligence Consultant 1

Job Description

The Credit Investigations Group (CIG) is seeking a highly motivated, detailed oriented and talented professional for a career opportunity as a Due Diligence Consultant 1.

Multiple opportunities available and located in one of the following locations:

  • Charlotte, NC
  • Houston, TX

CIG is Wells Fargo’s enterprise solution for customer due diligence, supporting all major lines of business and operating as an extension of the onboarding process for new business and high net value individual customers, as well as the bank’s high risk third party non-customer relationships. CIG also provides ongoing due diligence and negative news monitoring for all relationship managing lines of business. CIG is a component of the Customer Due Diligence.

Key Job Responsibilities:

  • Conduct routine reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a low degree of complexity and risk to determine appropriateness for Wells Fargo.
  • Conduct comprehensive research or background investigations on individuals, entities, organizations or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly document findings.
  • Review and analyze investigations data from a variety of sources to determine overall risk.
  • Screen customers, prospects and/or transactions against various regulatory reporting lists: Office of Foreign Asset Control (OFAC), Politically Exposed Persons (PEP), the internal Bank Secrecy Act (BSA) Hot List, and other regionally based sanctions watch lists.
  • Evaluate alerts to determine permissibility under sanctions regulations and provide appropriate direction regarding the disposition of related assets to the line of business. Escalate confirmed sanctions alerts, PEP matches or other alerts appropriately.
  • Perform non-documentary Customer Identification Program (CIP) on domestic customers in accordance with the US Patriot Act Section 326, as well as its regional equivalent in non-US markets.
  • Ensure compliance with guidelines set forth in federal/state anti-money laundering (AML) laws and regulations including the Bank Secrecy Act and various sanctions regulations; and in accordance with policy/procedures set by the bank.
  • Consult with peers, line of business managers and other external parties regarding investigation findings. Participate in small to moderate size project initiatives.

Required Qualifications

  • 1+ years of business or military experience in one or a combination of the following: due diligence, sanctions, risk management, investigation, fraud, financial crimes, or compliance

Desired Qualifications

  • 1+ year of experience with BSA/AML/OFAC laws and regulations
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Ability to research, analyze, and determine a course of action for financial transactions
  • Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act and Anti Money Laundering (AML) requirements
  • Ability to provide strong customer service and develop customer relationships
  • Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills


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.


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