Risk Management Specialist

6 days ago


Hyderabad, Telangana, India WELLS FARGO BANK Full time

About this role:

We are seeking a Risk Management Specialist to join our team at Wells Fargo Bank.

This role involves conducting due diligence processes, analyzing data, and identifying potential risks. You will work closely with compliance representatives to assess unusual activity and maintain audit trails of performed tasks.

Responsibilities include:

  • Conducting Know your customer (KYC) compliance processes for Wholesale processes in line with the USA Patriot Act and Wells Fargo's Anti-Money Laundering policy requirements
  • Picking up relevant samples for data quality exceptions to ensure compliance with Quality Control framework requirements
  • Participating in and providing compliance support for projects and initiatives with varying risk levels to identify, assess, and mitigate Bank Secrecy Act and Anti-Money Laundering risks in business activities
  • Analyzing risks on escalated or alerted negative news and communicating findings to lines of business while providing guidance on course of action
  • Identifying and researching patterns, trends, and anomalies in transactional and customer data to detect, prevent, mitigate, and report suspicious activity related to money laundering and terrorist financing
  • Maintaining an audit trail of due diligence performed
  • Analyzing potentially suspicious activity by reviewing historical activity and customer information
  • Interacting with compliance representatives to assess potential unusual activity
  • Maintaining program and procedures, updating them as needed

Required Qualifications:

  • 6+ months of due diligence experience, or equivalent demonstrated through one or a combination of work experience, training, military experience, or education

At Wells Fargo, we value diversity and believe in creating an inclusive environment where all employees feel welcome and supported.

We are committed to building strong relationships with our customers, colleagues, and communities.

The estimated salary for this role is around $70,000-$80,000 per year, depending on location and qualifications.

We strive to attract and retain top talent by offering competitive compensation packages, including salaries that reflect the value we place on our employees' skills and experience.



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