Job Description

About this role: Wells Fargo is seeking a Due Diligence Associate... In this role, you will: This position will be working with the Wells Fargo Financial Crimes Risk Management Team within the WFCO. The Due Diligence Associate will report to a Due Diligence Associate Manager within India hub. The key responsibilities are: 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. Essential Qualifications : 3+ years of exerpience 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. Demonstrated organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously. Sound analytical, critical thinking and problem-solving skills. 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 and relationship/partnership building skills. Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint. Bachelor\'s degree in business, finance or economics. Job Expectations: We Value Diversity At Wells Fargo, we believe in diversity, equity and inclusion in the workplace accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law. Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit\'s risk appetite and all risk and compliance program requirements. Candidates applying to job openings posted in US:All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process. Drug and Alcohol Policy Wells Fargo maintains a drug free workplace. Please see our to learn more.

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