Senior Business Accountability Specialist

About this role:

Wells Fargo is seeking a Senior Business Accountability Specialist for the Politically Exposed Persons (PEP) Due Diligence process in CSBB Financial Crimes Operations. This role will perform and provide assistance to a team or teams that perform PEP Due Diligence reviews and associated work. Responsibilities include process oversight and execution, due diligence execution in a queue-based environment in addition to secondary review and potential approval responsibilities.

In this role, you will:

• Participate in conducting due diligence programs on moderately complex initiatives and deliverables within functional area and contribute to large scale planning related to functional area deliverables
• Provide subject matter expertise on due diligence documentation requirements and data sources
• Provide subject matter expertise on documentation and data sources and exercise independent judgment to guide moderate to high risk deliverables
• Compile and evaluate report results and escalate when necessary
• Resolve moderately complex issues and lead team to meet functional area process deliverables
• Leverage solid understanding of the function, policies, procedures, and compliance requirements Collaborate and consult with peers, colleagues, managers, and internal and external customers to resolve issues and achieve goals
• Specific responsibilities include but are not limited to: Manage workstreams within the PEP process for financial Crimes Operations Client Risk Management team, conduct due diligence activities. Provide inline reviews on initial and ongoing due diligence documentation.
• Maintain risk management program and meet service level expectations related to resolving data quality issues, drive efficiencies and reduce the overall data quality issue volume
• Review reporting, ensure SLA and KPI standards are met and support individual employee development
• Drive successful results and continual process improvement
• Provide support to interpret policies, guidelines and governance programs
• Support business in execution of due diligence reporting processes and controls
• Review and analyze PEP processes or challenges that require research, evaluation, and selection of alternatives
• Exercise independent judgment to guide medium risk deliverables
• Execute, and support the development of, the PEP Due Diligence process and related activities for CSBB’s PEP population.
• Execute to policy and procedure requirements for PEP determinations, Initial PEP Due Diligence and Ongoing PEP Due Diligence.
• Research, review and analyze PEP customer information, including transaction records, in order to disposition and document the results of the due diligence analysis in a customer risk summary.
• Develop and implement supervisory routines to ensure timely completion of PEP-related work items.
• Correspond and coordinate with corporate Financial Crimes Risk Management and other business peers in a professional and timely manner.
• Develop, implement and document recurring metrics reporting for process under scope and communicate to management in professional manner.
• Identify opportunities for process improvement and contribute to procedure development and updates.
• Assist with issues management as necessary, including corrective action development and execution.
• Assist with other Enhanced Due Diligence processes as required.
• Collaborate and consult with leaders and executive management
• Provide work direction to less experienced Strategy and Execution staff
• 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 PEP function, policies, procedures, and compliance requirements.

Required Qualifications:

• 4+ 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:

• 3+ BSA/AML experience
• Politically Exposed Persons (PEP) experience
• Excellent 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 manages work requests 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 Job Expectations

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.

$84,000.00 - $149,400.00

Posting End Date:

6 Mar 2025

*Job posting may come down early due to volume of applicants.

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, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.