Due Diligence Associate, 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 Due Diligence Associate in FCO performs screening and alert dispositioning for over match score of 84% & above of Wells Fargo’s customer relationships, as well all international and domestic wire transfers, global remittances, ACH, credit card/prepaid cards, trade finance, official checks and other payment products. The Consultant will perform screening to detect politically exposed persons (PEPs) & MRB holding accounts directly or indirectly through beneficial ownership. The role also entails Negative News screening for certain account/customer records.

Job Responsibility:

Engage with clients directly or indirectly through relationship managers to support meeting policies or regulatory requirements and focus on client satisfaction
Conduct comprehensive research and background investigations on transactions, individuals, entities, organizations or locations to identify and mitigate risks through documenting findings
Review basic issues, policies or procedures for which answers can be quickly obtained related to lower risk tasks and deliverables with narrower impact
Run periodic due diligence reporting supporting processes reflective of the current business environment
Gather and input data utilizing resources to identify documentation required to meet policy or regulatory requirements
Receive direction from supervisor and exercise judgment while developing understanding of function, policies, procedures, and compliance requirements
Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Requirements:

6+ months 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
Conducts reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine appropriateness for Wells Fargo
Conducts comprehensive research and/or background investigations on individuals, entities, organizations or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly documenting findings
Reviews & analyzes due diligence data from a variety of sources to determine overall risk
Screens customers, prospects and/or transactions against various regulatory reporting lists and regionally based sanctions watch lists
Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations
Reviews transactions / profiles of high risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities
Escalates confirmed PEP matches, MRB, Negative News and other risks appropriately
Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank
Consults with peers, line of business managers & other external parties regarding due diligence findings
Minimum 3 years' Experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Additional Information:

Job Posted:
April 27, 2025

Expiration:
May 01, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Due Diligence Associate

Wells Fargo

Location:India, Hyderabad

Category:Banking

Contract Type:Not provided