Wells Fargo Due Diligence Consultant 

India, Karnataka, Bengaluru 

976423529

In this role, you will:

• 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 and 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. Works with high risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities. Provides appropriate direction to the line of business. Escalates confirmed sanctions alerts, PEP matches and other risks appropriately.
• Performs non-documentary Customer Identification Program on domestic customers in accordance with regulations and bank policy.
• 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 and other external parties regarding due diligence findings. Participates in moderate size project initiatives.
• Operates independently with minimal supervision, and effectively manages work requests to meet performance expectations.

Required Qualifications:

• 5+ years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk) and a university degree in Business or related discipline

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

Desired Qualifications:

• Ability to take initiative and work independently with minimal supervision in a structured environment
• Ability to research, analyze, and determine a course of action for financial transactions
• Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act and Anti Money Laundering (AML) requirements
• Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Ability to provide strong customer service and develop customer relationships

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.