Wells Fargo Hiring for Due Diligence Associate at Serilingampalle, India Full Time

• About Wells Fargo India Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations. Department Overview Wholesale Financial Crimes Control Operations caters to Onboarding of New to Bank Customers in Wholesale banking domain. Team also has Periodic Review, Data Quality Exceptions and Quality Check Capabilities in Wells Fargo India Financial Crimes Control operations About the Role Due Diligence Associate 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 Wholesale processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy 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

• 4+ years of experience in financial services, criminal justice, fraud, Bank Secrecy Act, AML, 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.

• 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.

• WF AML/Sanctions Credential, ACAMS, CFE or CRCM designation.

• Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint.

• Bachelor’s degree in business, finance or economics

• Desired Qualifications

• Good Verbal And Written Communication Skill

• Ability to Interpret data

• Analytical skills

• Quick learner

• Domain knowledge within banking

@RWF22

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, 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.

Company: Wells Fargo

Req Number: R-215903

Updated: 2022-10-10 03:42:52.817 UTC

Location: Serilingampalle,India