Wells Fargo Senior Due Diligence Consultant 

India, Karnataka, Bengaluru 

821920252

Department Overview

Commercial Banking Control Operations caters to Onboarding of New to Bank Customers in Commercial banking domain. Team also has Periodic Review, Data Quality Exceptions and Quality Check Capabilities in Wells Fargo India Financial Crimes Control operations. Financial Crimes Onboarding Team Conducts Know your Customer (KYC) Compliance process for Commercial Banking Line of business processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements. Is Responsible for assisting with the implementation and monitoring of a risk-based compliance program to assure compliance with federal, state, agency, legal and regulatory requirements. Reviews Customer Due Diligence information for accuracy and investigate discrepancies and Interacts with compliance representatives to assess potential unusual activity. Financial Crimes QC Team - Conducts QC reviews on Know Your Customer (KYC) Onboarding activity, Monitoring and Surveillance activity, and other financial crimes related activities and processes to ensure compliance with both the USA Patriot Act as well as Wells Fargo Corporate AML/BSA policy requirements. - Analyzes risks or errors and communicate negative findings to relevant Financial Crimes partner for rectification. Periodic Review Team Performs KYC Refresh Activity for Commercial banking customers. Data Quality Exceptions Team Reviews and resolves Core data element exceptions to ensure Customer data is consistent with Commercial Banking and enterprise data standard.

Responsibilities

• Conducting Know your Customer (KYC) Compliance process for commercial banking processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements.
• Responsible for assisting with the implementation and monitoring of a risk-based compliance program to assure compliance with federal, state, agency, legal and regulatory 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.
• Maintain an Audit Trail of Due Diligence Performed
• 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

EssentialQualifications/Experience

• Graduation in any stream.
• 6+ 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.
• Should be in the Due Diligence Consultant Role(P2) for 12 Months and above
• 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.
• TMs with sound Domain and process knowledge and support any cross training/In-house training requirements.
• Mentoring Low/Under Performers
• Should be capable of Inhouse Quality check review depending on process need which would help in Real time Feedback.
• TM should Meet and Exceed KPI’s consistently
• Reduce LOB dependency /Support in-house skilled resources
• Act as an SME, Identify and recommend analysis of data quality or integrity issues
• Lead teams in the absence of Manager and mentor less experienced staff members
• Handle process Escalations
• Consult Upstream and Downstream of the processes and provide recommendations on process improvements
• Ability to submit deliverables on a timely manner while still being able to perform additional tasks (work priorities, deadlines, management reports, etc.)
• Candidates must be willing to be flexible with respect to shifts and open to work during weekends and/or holidays if the business requires

Desired Skills

• Good Verbal andWritten communicationSkill
• Ability To Interpret data
• Analytical skills
• Quick learner
• Domain knowledge within banking

20 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.