Due Diligence Associate

7 days ago

Bengaluru, Karnataka, India WELLS FARGO BANK Full time

About Wells Fargo India & Philippines
WFIP enables businesses and staff groups to leverage global talent and capabilities across multiple geographies.

The WFIP Delivery platform includes global in-house centers in India and the Philippines, as well as third-party service providers located globally.

Learn more about WFIP at our International Careers website.

Department Overview


The Wealth and Investment Management's (WIM) High Risk Client (HRC) team's AML Compliance reviewer will be responsible for the delivery of high standards of customer service to WIM's business lines and channels, and will ensure that all internal SLAs, standards, regulatory requirements and expectations associated with the Bank Secrecy Act, USA PATRIOT Act and Economic Sanctions laws and regulations are met.


High Risk Client Management is responsible for partnering with the relevant business group to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations.

Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function.

Provides guidance to business groups on the development, implementation, and monitoring of business-specific programs to identify, assess, and mitigate risk.

Provides support in the interpretation of policy, guidelines, and governance programs as front-line liaison to Independent Risk Management area for low to moderate risk and complexity enterprise risk programs.

Supports business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements.

Develops and implements risk monitoring and risk reporting processes and controls. Monitors and reports on its risk concentration, current and emerging risk, and risk appetite. Aggregates, evaluates, reports result and escalates where necessary. Designs and executes control effectiveness assurance programs for Front Line-owned controls. Supports and implements initiatives with low to moderate risk. Internal interaction with team to support identification, management and mitigation of business-specific risk programs. Limited to no external interaction. Works independently; does not manage other team members.

Responsibilities:

  • Financial Crime Compliance ("FCC") has primary responsibility for the execution of the firm's enterprisewide Anti-Money Laundering ("AML"), antibribery, and government sanctions compliance programs and, among other things, performs enhanced due diligence and government sanctions screening, as well as surveillance and investigations designed to identify potential terrorist financing, money laundering, bribery, corruption, and market abuse, or other suspicious activity.
  • Conducting customer risk review in line with client policy to fulfill Know Your Customer (KYC) requirements.
  • Complying with the BSA requirements to prevent, detect and deter money laundering and terrorist financing through the review of system generated alerts.
  • The responsibilities would include due diligence review and a decision to close with no risk or escalate to a case investigation accompanied by a thorough analysis.
  • Conducts comprehensive research and/or background investigations on individuals, entities, organizations or locations to identify and mitigate the risk related to sanctions, financial crime, and reputational risks and thoroughly documenting the findings.
  • Responsible for identifying, researching and analyzing complex financial crimes transactions and referrals, policy violations and/or unusual situations.
  • Monitoring of clients for negative news and to identify the Politically Exposed Persons (PEP) that could pose an AML or reputational risk to the firm, sanctions and OFAC screening.
  • Reviews of internal client account documentation, external supporting documentation, and thirdparty vendor informational sources.
  • Investigate, analyze, and summarize any derogatory information for WIM High Risk clients.
  • Perform detailed analysis to detect patterns, trends, anomalies in transactions and relationships across multiple businesses/products and articulate the findings in detail.
  • Proactive review and followup on referrals and queries.
-
Essential Qualifications:

  • Minimum 24 years of relevant experience in Antimoney laundering, KYC, CIP, Enhanced due diligence, Customer due diligence, Negative news Screening, Sanctions investigation.
  • Extensive knowledge of the consumer banking industry as it relates to BSA/AML KYC operations and regulations.
  • Understanding of the opportunities and challenges in the digital finance sector, particularly as they relate to AML and Fraud
  • Ability to prioritize workflows and ensure deadlines are met.
  • Would be required to demonstrate logical thinking, domain understanding.
  • Ability to foresee risks, be proactive and predictive while developing risk mitigation plans.
  • Ability to exercis

  • Associate - Due Diligence

    7 days ago

    Bengaluru, Karnataka, India BDO in India Full time

    Core Due Diligence role & responsibilities : organisations with both buy side and sell side due diligence. an understanding of the business, competitive positioning, strengths, weaknesses, opportunities, challenges etc. of the target business and validating data accuracy and follow-up directly with clients and third-party appropriately to achieve necessary...

  • Due Diligence Associate

    7 days ago

    Bengaluru, Karnataka, India WELLS FARGO BANK Full time

    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,...

  • Due Diligence Coordinator

    7 days ago

    Bengaluru, Karnataka, India Wells Fargo Full time

    About this role:Wells Fargo is seeking a Due Diligence Coordinator...In this role, you will: Support Due Diligence group Seek ways to improve client onboarding process, ongoing periodic client reviews and quality control activities Conduct complex comprehensive research or background investigations on transactions, individuals, entities, organizations or...

  • Due Diligence Coordinator

    7 days ago

    Bengaluru, Karnataka, India WELLS FARGO BANK Full time

    About this role: Wells Fargo is seeking a Due Diligence CoordinatorIn this role, you will: Support Due Diligence group Seek ways to improve client onboarding process, on-going periodic client reviews and quality control activities Conduct complex comprehensive research or background investigations on transactions, individuals, entities, organizations or...

  • Due Diligence Associate

    7 days ago

    Bengaluru, Karnataka, India WELLS FARGO BANK Full time

    Wells Fargo is looking for a Due Diligence AssociateIn this position, your responsibilities will include:Conducting Know your Customer (KYC) Compliance process for commercial banking in accordance with the requirements of the USA Patriot Act and Wells Fargo corporate AML / BSA policy.Assisting in the implementation and monitoring of a risk-based compliance...

  • Partner - Financial Due Diligence

    7 days ago

    Bengaluru, Karnataka, India Spectral Consultants Full time

    1. Managing team in performing financial due diligence for buy-side and sell-side clients across multiple sectors.Efficiently handling fieldwork on financial due diligence engagements.Preparation of due diligence reports highlighting key findings and presenting summary analysis.Provide key insights into financials after understanding the business.Develop and...

  • Managed Services Third Party Due Diligence

    7 days ago

    Bengaluru, Karnataka, India KPMG Full time

    Managed Services Third Party Due DiligenceKPMG in India, a professional services firm, is the Indian member firm affiliated with KPMG International and was established in September 1993. Our professionals leverage the global network of firms, providing detailed knowledge of local laws, regulations, markets and competition. KPMG has offices across India in...

  • Urbanrise - Research/Due Diligence/Modelling Role - Real Estate - Residential

    7 days ago

    Bengaluru, Karnataka, India Urbanrise Lifestyles Pvt ltd Full time

    Please find the below details for your ref.Domain - Real Estate (Residential)Vertical - Research / Due Diligence / Financial ModellingExperience years (Max)Location: Bangalore, HSR Layout - (WFO - 6 Days a week)Reporting: LeadershipAbout the Company: Urban rise Key Responsibilities: Collect and analyse data related to real estate market trends, property...

  • Field Investigation Due Diligence

    7 days ago

    Bengaluru, Karnataka, India IIRIS Consulting Full time

    Field Investigation- Forensics and Diligence- 4-5 yearsBangalore- Preferred language - English, Hindi, Telugu, Kannada

  • Risk Advisory Third Party Due Diligence

    7 days ago

    Bengaluru, Karnataka, India KPMG Full time

    About KPMG in India_KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in...

  • Associate - Compliance

    7 days ago

    Bengaluru, Karnataka, India Corporation Service Company Full time

    Designation : Associate Compliance Location : Bangalore Schedule : 45 hours per week Hybrid Join our vibrant team at CSC, where growth and development are at the core of our values. We're dedicated to nurturing your professional journey, offering unparalleled opportunities across our local and global offices. In today's corporate and trust...

  • Investment Associate

    7 days ago

    Bengaluru, Karnataka, India 888vc Full time

    Company Description 888vc is a cross-border accelerator venture capital firm that focuses on investing in seed and early-stage technology startups from emerging markets. As a peer network of investors across the globe, we facilitate cross-border investments and have been involved in over 20+ startup deals. We are based in Bengaluru. Role Description This is...

  • Investment Associate

    7 days ago

    Bengaluru, Karnataka, India 888vc Full time

    Company Description888vc is a cross-border accelerator venture capital firm that focuses on investing in seed and early-stage technology startups from emerging markets.As a peer network of investors across the globe, we facilitate cross-border investments and have been involved in over 20+ startup deals.We are based in Bengaluru.Role DescriptionThis is a...

  • Compliance Associate

    7 days ago

    Bengaluru, Karnataka, India CSC Full time

    Designation : Associate ComplianceLocation : BangaloreSchedule : 45 hours per weekHybridJoin our vibrant team at CSC, where growth and development are at the core of our values. We're dedicated to nurturing your professional journey, offering unparalleled opportunities across our local and global offices.In today's corporate and trust landscape, the focus on...

  • Investment Associate

    7 days ago

    Bengaluru, Karnataka, India 888vc Full time

    Company Description888vc is a cross-border accelerator venture capital firm that focuses on investing in seed and early-stage technology startups from emerging markets. As a peer network of investors across the globe, we facilitate cross-border investments and have been involved in over 20+ startup deals. We are based in Bengaluru.Role DescriptionThis is a...

  • Managed Services Third Party Due Diligence

    7 days ago

    Bengaluru, Karnataka, India KPMG India Full time

    About KPMG in India KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in...

  • Investment Associate

    7 days ago

    Bengaluru, Karnataka, India 888vc Full time

    Company Description888vc is a cross-border accelerator venture capital firm that focuses on investing in seed and early-stage technology startups from emerging markets. As a peer network of investors across the globe, we facilitate cross-border investments and have been involved in over 20+ startup deals. We are based in Bengaluru.Role DescriptionThis is a...

  • Compliance Associate Apply Now

    7 days ago

    Bengaluru, Karnataka, India CSC Full time

    Designation : Associate Compliance Location : Bangalore Schedule : 45 hours per week HybridJoin our vibrant team at CSC, where growth and development are at the core of our values. We're dedicated to nurturing your professional journey, offering unparalleled opportunities across our local and global offices.In today's corporate and trust landscape, the...

  • Labour & Employment Associate

    7 days ago

    Bengaluru, Karnataka, India J. Sagar Associates (JSA) Full time

    Practice Area - Labour & Employment (Advisory & Transactional), Corporate InvestigationsPosition - AssociateLocation - Onsite at BengaluruPost Qualification Work Experience: - 3 yearsWork Experience with Law Firm: At least 2-3 years of post-qualification experience with Tier 1/2 law firm(s)Description - Looking for lawyers who have focused experience on...

  • Associate - Compliance - Law (Background)

    7 days ago

    Bengaluru, Karnataka, India Corporation Service Company Full time

    Associate Bangalore 45 Hours weekly Hybrid Intro: Intertrust, a CSC company is a dynamic, international and growth-oriented company. We provide you with outstanding opportunities for your professional and personal development through our local and global offices. The anti-money laundering and counter terrorist financing compliance...