Wells Fargo Due Diligence Associate 

India, Telangana, Hyderabad 

364720214

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.