Associate Due Diligence Coordinator, Wells Fargo

Wells Fargo

Location:
India, Hyderabad

Category:
Banking

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Wells Fargo is seeking a Associate Due Diligence Coordinator to conduct Know your Customer compliance process for Wholesale processes in line with the requirements of the United States of America Patriot Act as well as Wells Fargo corporate Anti-Money Laundering and Bank Secrecy Act policy requirements.

Job Responsibility:

Conduct Know your Customer compliance process for Wholesale processes in line with the requirements of the United States of America Patriot Act as well as Wells Fargo corporate Anti-Money Laundering and Bank Secrecy Act policy requirements
Pick up relevant samples for data quality exception to assure compliance with as prescribed in the Quality Control framework requirements
Participate in and provide compliance support for projects and initiatives with low to high risk to identify, assess and mitigate Bank Secrecy Act and Anti-Money Laundering risk in business activities
Analyze risks on escalated, referred, or alerted negative news
communicate negative findings to lines of business and supply guidance on course of action
Identify and research the patterns, trends, and anomalies in transactional and customer data to detect, prevent, mitigate, and report suspicious activity related to money laundering and terrorist financing
Maintain an audit trail of due diligence performed
Analyze potentially suspicious activity, which will require the review of historical activity along with customer information
Interact with compliance representatives to assess potential unusual activity
Maintain program and procedures, making updates as needed
Assist as needed with examinations and audits

Requirements:

6+ months of due diligence experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Knowledge and a broad background in Wholesale Banking
Experience in Operational risk management processes and/or compliance and / or audit and / or regulatory programs with KYC Duties
On-boarding KYC customer processing or Financial Crimes Investigations experience strongly preferred
Thorough understanding of CIP/CDD/EDD requirements
Excellent communication and relationship/partnership building skills
Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint
Bachelor’s degree in business, finance or economics

Nice to have:

Knowledge and a broad background in Wholesale Banking
Experience in Operational risk management processes and/or compliance and / or audit and / or regulatory programs with KYC Duties
On-boarding KYC customer processing or Financial Crimes Investigations experience strongly preferred
Thorough understanding of CIP/CDD/EDD requirements
Excellent communication and relationship/partnership building skills
Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint
Bachelor’s degree in business, finance or economics

What we offer:

Diversity, equity and inclusion in the workplace
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process

Additional Information:

Job Posted:
April 27, 2025

Expiration:
May 01, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Associate Due Diligence Coordinator