Wells Fargo Due Diligence Consultant 

India, Telangana, Hyderabad 

797120462

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

Required Qualifications for Europe, Middle East & Africa only:

• Experience in Due Diligence, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Profound knowledge of local due diligence requirements of EU countries as applicable to high/very high-risk entities.
• Hands on experience on enhanced due diligence requirements forTrusts/SPVs/financialinstitutions
• Identifying and understanding ownership structures for all entity types
• End to end knowledge of RFI’s/outreach process for gathering requiring client data by profiling their documents.
• Assess the risk level associated with new and existing customers using defined criteria.
• Perform continuous monitoring and screening of clients against various watchlist, sanctions list and regulatory requirements.
• Strong communication skills, both verbal and written, to effectively articulate findings and recommendations
• Proficient in due diligence databases, KYC software and other investigative tools.

Job Expectations:

• 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
• Profound knowledge of local due diligence requirements of EU countries as applicable to high/very high-risk entities.
• Hands on experience on enhanced due diligence requirements forTrusts/SPVs/financialinstitutions
• Analyze and verify customer information and documentation to identify potential risks and discrepancies.
• End to end knowledge of RFI’s/outreach process for gathering requiring client data by profiling their documents.
• Assess the risk level associated with new and existing customers using defined criteria.
• Perform continuous monitoring and screening of clients against various watchlist, sanctions list and regulatory requirements.
• Strong communication skills, both verbal and written, to effectively articulate findings and recommendations
• Proficient in due diligence databases, KYC software and other investigative tools.
• Maintain and update customer profiles in compliance with internal policies and global regulatory requirements.
• Collaborate with other departments to resolve KYC related issues and provide guidance on regulatory requirements.
• Stay current with changes in KYC regulations and industry best practices.

21 Aug 2024

Wells Fargo Recruitment and Hiring Requirements:

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