Due Diligence Manager-Third Party Risk

About the position Wells Fargo is seeking a Due Diligence Manager for our Third-Party Risk Team. 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. You will oversee a moderate degree of complexity and risk determining appropriateness of processes to ensure timely completion, quality and compliance. You will own the client onboarding process and engage with clients, relationship team and third parties. Your responsibilities will include mitigating risk through the due diligence process, identifying and recommending opportunities for process improvement and risk control development, and ensuring execution of due diligence programs, processes and control to identify, assess and mitigate risk. You will manage communication and collaboration with business heads, Legal, Audit and regulators regarding risk management of business specific risk programs. Additionally, you will make decisions and resolve issues to mitigate risk via a thorough due diligence process functional area and team to meet business objectives. You will interpret and develop policies and procedures for functions with low to moderate complexity within scope of responsibility, manage implementation of procedures, controls, analytics and trend analysis to ensure comprehensive research and background investigations, and utilize expertise in data collection and sourcing. You will collaborate and influence all levels of professionals including senior managers, lead a team to achieve objectives, manage allocation of people and financial resources for the Due Diligence group, and mentor and guide talent development of direct reports and assist in hiring talent.

Responsibilities

• Supervise a team responsible for conducting due diligence reviews of bank customers transactions
• Oversee 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 the due diligence process
• Identify and recommend opportunities for process improvement and risk control development
• Ensure execution of due diligence programs, processes, and controls to identify, assess, and mitigate risk
• Manage communication and collaboration with business heads, Legal, Audit, and regulators
• Make decisions and resolve issues to mitigate risk
• Interpret and develop policies and procedures for functions within scope of responsibility
• Manage implementation of procedures, controls, analytics, and trend analysis
• Utilize expertise in data collection and sourcing
• Collaborate and influence all levels of professionals including senior managers
• Lead a team to achieve objectives
• Manage allocation of people and financial resources for the Due Diligence group
• Mentor and guide talent development of direct reports and assist in hiring talent

Requirements

• 4+ years of Due Diligence experience, or equivalent
• 2+ years of leadership experience

Nice-to-haves

• Experience with Customer Due Diligence (CDD), Know Your Customer (KYC), Client Identification Program (CIP), and Anti-Money Laundering (AML) processes
• Experience leading cross-functional teams and managing change initiatives
• Ability to mentor staff, manage workflow and capacity, and drive process improvements
• Skilled in stakeholder engagement, including with legal, audit, and regulatory bodies
• Experience driving oversight of cross-functional programs in fast-paced, complex, and dynamic environments
• Experience building and developing quality programs, inclusive of reporting, process, and procedures execution
• Management consulting experience with a top tier firm
• Experience working closely with senior and executive leadership
• Strong experience leading issues management and risk assessments functions

Benefits

• 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

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