Job Description

About the Role

Due Diligence Consultant should participate and provide compliance support for projects and initiatives with low to high risk to identify assess and mitigate BSA/AML risk in business activities. Analyze risks on escalated, referred, or alerted negative news. Communicate negative findings to lines of business and supply guidance on course of action. Identify and research 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.
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.
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.
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

Essential Qualifications/Experience

Graduation in any stream.
5 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.
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.

Desired Skills

Good Verbal And Written Communication Skill
Ability To Interpret data
Analytical skills
Quick learner
Domain knowledge within banking
Education: Any Graduate
Industry: Financial Services/Stockbroking, Banking

Skills Required