Expoint - all jobs in one place

המקום בו המומחים והחברות הטובות ביותר נפגשים

Limitless High-tech career opportunities - Expoint

Wells Fargo Due Diligence Associate 
India, Telangana, Hyderabad 
364720214

18.08.2024


In this role, you will:

  • 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


Required Qualifications:

  • 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


Desired Qualifications:

  • 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 andrelationship/partnershipbuilding skills.
  • Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint.
  • Bachelor’s degree in business, finance or economics.


Job Expectations:

  • Conducting Know your Customer (KYC) Compliance process for WFCCO processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements.
  • Analyze risks on escalated, referred, or alerted negative news. Communicate negative findings to lines of business and supply guidance on course of action.
  • Identifying and researching 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.
  • Review Customer Due Diligence information for accuracy and investigate discrepancies.
  • Identify Higher Risk clients and obtain Enhanced Due Diligence where appropriate.
  • 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/or audits.

Wells Fargo Recruitment and Hiring Requirements:

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