Due Diligence Associate, Wells Fargo

Wells Fargo

Location:
Philippines, Taguig City

Category:
Banking

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

In this role, you will be responsible for conducting Know your Customer (KYC) Compliance process for commercial banking processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements. You will assist with the implementation and monitoring of a risk-based compliance program to assure compliance with federal, state, agency, legal and regulatory requirements. You will also participate in and provide compliance support for projects and initiatives with low to high risk to identify, assess and mitigate BSA/AML risk in business activities.

Job Responsibility:

Conducting Know your Customer (KYC) Compliance process for commercial banking processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements
Assisting with the implementation and monitoring of a risk-based compliance program to assure compliance with federal, state, agency, legal and regulatory requirements
Picking up relevant samples for Data Quality exception to assure compliance with as prescribed in the QC framework requirements
Participates in and provides compliance support for projects and initiatives with low to high risk to identify, assess and mitigate BSA/AML risk in business activities
Maintain an Audit Trail of Due Diligence Performed
Interact with compliance representatives to assess potential unusual activity
Maintain program and procedures, making updates as needed
Assist as needed with examinations and/or audits

Requirements:

Graduation in any stream
4+ years of experience in financial services, criminal justice, fraud, Bank Secrecy Act, anti-money laundering, or investigations of financial crimes or policy violations
experience in Operational Risk Management processes and/or Compliance or Audit Programs of a banking back-office operations
Familiarity with and working knowledge of BSA/AML programs including all aspects of KYC and/or other related risk and regulatory disciplines
Proven ability to collaborate with all levels of management and functional groups
Potential experience in Quality Control (QC) will be an added advantage

Nice to have:

Good Verbal and Written communication Skill
Ability To Interpret data
Analytical skills
Quick learner
Domain knowledge within banking

Additional Information:

Job Posted:
May 01, 2025

Expiration:
May 15, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Due Diligence Associate