Wells Fargo Due Diligence Consultant 

India, Karnataka, Bengaluru 

224407210

In this role, you will:

• Own client onboarding process to mitigate risk through a due diligence process
• Participate in conducting less complex client due diligence processes, research and identify opportunities to mitigate risk
• Consult and provide support to interpret policies, guidelines and governance programs
• Support business in execution of due diligence reporting processes and controls
• Review and analyze client onboarding processes or challenges that require research, evaluation, and selection of alternatives
• Exercise independent judgment to guide medium risk deliverables
• Aggregate, evaluate and report results and escalate where necessary
• Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the due diligence function, policies, procedures and compliance requirements
• Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals

Required Qualifications:

• 2+ years 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

Job Expectations:

• 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 diligencefindingsDevelops/deliversprocedures or training; or mentors less experienced consultants.
• Effectively manages work requests to meet performance expectations. Participates in moderate to complex project initiatives as the primary subject matter expert.

• Knowledge & understanding of BSA & USA PATRIOT Act, OFAC Sanctions Programs

• Experience using screening tools like World Check, Lexis Nexis, Dow Jones & RDC
• Ability to identify red flags and disposition alerts using a risk based approach
• Eye for detail, prioritization and time management
• Ability to take initiative and work independently with minimal supervision
• Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Good customer service skills, team work and stakeholder connect
• Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously
• Graduate, preferably in Finance / Business Administration

Desired Qualifications:

• ACAMS or other industry Certifications
• Experience as a QC / Maker / 4-eye reviewer

14 Apr 2025

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.