Due Diligence Associate Bengaluru, India

About this role:

Wells Fargo is seeking a Due Diligence Associate.

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:

• 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.
• 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.
• Graduation in any stream
• 6+ months 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.
• 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.
• Potential experience in Quality Control (QC) will be an added advantage.

Desired Skills

• Good Verbal and Written communication Skill.
• Ability To Interpret data.
• Analytical skills
• Quick learner
• Domain knowledge within banking.

@RWF24

Posting End Date: 

*Job posting may come down early due to volume of applicants.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

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