The point where experts and best companies meet
Wells Fargo Due Diligence Coordinator India, Karnataka, Bengaluru 474971684
24.04.2025
Share
In this role, you will:
- Support Due Diligence group
- Seek ways to improve client onboarding process, on-going periodic client reviews and quality control activities
- Conduct complex comprehensive research or background investigations on transactions, individuals, entities, organizations or locations to identify and mitigate associated sanctions, financial crime, and reputational risks
- Receive direction from supervisor and escalate non-routine questions
- Interact with immediate team and Due Diligence area on wide range of information
- Engage with clients indirectly through relationship managers to support meeting policy and regulatory requirements
Required Qualifications:
- 2+ years of Due Diligence experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Minimum 2 years' Experience in Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption, or equivalent experience.
- 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. Reviews transactions / profiles of high risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities.
- Escalates confirmed PEP matches. MRB, Negative News and other risks appropriately.
Job Expectations:
- Conducts reviews of bank customers(individuals/entities),
- 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 & analyzes due diligence data from a variety of sources to determine overall risk.
- 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 & other external parties regarding due diligence findings.
- Shift time: Flexible
Wells Fargo Recruitment and Hiring Requirements:
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
These jobs might be a good fit
