Due Diligence Coordinator

• Support Due Diligence group
• Seek ways to improve client onboarding process, on-going periodic client reviews and quality control activities
• Conduct complex comprehensive research or background investigations on transactions, individuals, entities, organizations or locations to identify and mitigate associated sanctions, financial crime, and reputational risks
• Receive direction from supervisor and escalate non-routine questions
• Interact with immediate team and Due Diligence area on wide range of information
• Engage with clients indirectly through relationship managers to support meeting policy and regulatory requirements

2+ years of Due Diligence experience, or equivalent 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 2 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