Wells Fargo Due Diligence Associate 

India, Karnataka, Bengaluru 

462289977

About this role:

Wells Fargi is seeking a Due Diligence Associate.

In this role, you will:

• Conducting Know your Customer (KYC) Compliance process for Wholesale processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements.
• Responsible for 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.
• 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.
• Maintain an Audit Trail of Due Diligence Performed and 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.
• Sound analytical, critical thinking and problem solving skills.

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:

• Graduation in any stream.
• 4+ years of experience in one or a combination of the following: financial services, criminal justice, fraud, Bank Secrecy Act, anti-money laundering, or investigations of financial crimes or policy violations; experience in the foregoing 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.

Job Expectations:

• Good Verbal and Written Communication Skill
• Ability to Interpret data
• Analytical skills
• Quick learner
• Domain knowledge within banking.

• Good Verbal and Written Communication Skill
• Ability to Interpret data
• Analytical skills
• Quick learner
• Domain knowledge within banking.

12 Mar 2025

Wells Fargo Recruitment and Hiring Requirements:

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