Due Diligence Associate

1 month ago

Hyderabad, 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, organizations or locations to identify and mitigate risks through documenting findings
  • Review basic issues, policies or procedures for which answers can be quickly obtained related to lower risk tasks and deliverables with narrower impact
  • Run periodic due diligence reporting supporting processes reflective of the current business environment
  • Gather and input data utilizing resources to identify documentation required to meet policy or regulatory requirements
  • Receive direction from supervisor and exercise judgment while developing understanding of function, policies, procedures, and compliance requirements
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
Required Qualifications:
  • 6+ months of Due Diligence experience, or equivalent (including risk management, client service, operations support, or business process management) demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
  • Conducts reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine appropriateness for Wells Fargo.
  • Conducts comprehensive research and/or background investigations on individuals, entities, organizations or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly documenting findings.
  • Reviews and analyzes due diligence data from a variety of sources to determine overall risk.
  • Screens customers, prospects and/or transactions against various regulatory reporting lists and regionally based sanctions watch lists.
  • Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations. Works with high risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities. Provides appropriate direction to the line of business. Escalates confirmed sanctions alerts, PEP matches and other risks appropriately.
  • Performs non-documentary Customer Identification Program on domestic customers in accordance with regulations and bank policy.
  • Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank.
  • Prepares and submits regulatory reporting and requests. Consults with peers, line of business managers and other external parties regarding due diligence findings. Participates in moderate to complex project initiatives as the primary subject matter expert
  • Develops/delivers procedures or training; or mentors Associates with less experience. Effectively manages work requests to meet performance expectations.
  • 3+ years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk) and a University degree in Business or related discipline
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Ability to research, analyze, and determine a course of action for financial transactions
  • Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act and Anti Money Laundering (AML) requirements
  • Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
  • Ability to provide strong customer service and develop customer relationships
  • Subject matter expert and Training skills
  • Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.
Posting End Date:

*Job posting may come down early due to volume of applicants.

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, status as a protected veteran, or any other legally protected characteristic.

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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

  • Due Diligence Associate

    2 months ago

    Hyderabad, Telangana, India Wells Fargo Full time

    **About Wells Fargo India & Philippines (WFIP)** Wells Fargo India & Philippines (WFIP) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. WFIP operates in Hyderabad, Bengaluru and Chennai in India...

  • Due Diligence Associate

    5 months ago

    Hyderabad, Telangana, India Wells Fargo Full time

    **About Wells Fargo India & Philippines (WFIP)** Wells Fargo India & Philippines (WFIP) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. WFIP operates in Hyderabad, Bengaluru and Chennai in India...

  • Due Diligence Associate

    5 months ago

    Hyderabad, India Wells Fargo Full time

    **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...

  • Due Diligence Associate

    5 months ago

    Hyderabad, India Wells Fargo Full time

    **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...

  • Due Diligence Associate

    3 weeks ago

    Hyderabad, Telangana, India WELLS FARGO BANK Full time

    About this OpportunityWells Fargo Bank is seeking a highly skilled Due Diligence Associate to join our team.Key ResponsibilitiesEngage with clients to support meeting policies and regulatory requirements.Conduct comprehensive research and background investigations to identify and mitigate risks.Review and analyze due diligence data from various sources to...

  • Due Diligence Associate

    6 months ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: The Due Diligence Associate conducts due diligence and investigations on commercial customers and their related parties (owners, board of directors, and chief level executives), as well as the bank high net value clients seeking to expand or establish new credit relationships. Primary due diligence and investigative responsibilities...

  • Due Diligence Associate

    5 months ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking a Due Diligence Associate... Due Diligence Associate participates and provides compliance support for projects and initiatives with low to high risk to identify, assess and mitigate BSA/AML risks in business activities. Analyzes risks on escalated, referred, or alerted negative news. Communicate negative findings...

  • Associate Due Diligence Coordinator

    5 months ago

    Hyderabad, India Wells Fargo Full time

    **About Wells Fargo India & Philippines (WFIP)** Wells Fargo India & Philippines (WFIP) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. WFIP operates in Hyderabad, Bengaluru and Chennai in India...

  • Due Diligence Associate

    5 months ago

    Hyderabad, India Wells Fargo 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,...

  • Due Diligence Associate

    4 weeks ago

    Hyderabad, Telangana, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a highly skilled Due Diligence Associate to join our team.Key Responsibilities: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,...

  • Associate Due Diligence Coordinator

    5 months ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking an Associate Due Diligence Coordinator... **In this role, you will**: - The Associate Due Diligence Coordinator conducts due diligence and investigations on commercial customers and their related parties (owners, board of directors, and chief level executives), as well as the bank high net value clients seeking...

  • Due Diligence Associate

    5 months ago

    Hyderabad, Telangana, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking a Due Diligence Associate. **In this role, you will**: - Conducts reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine appropriateness for Wells Fargo. - Conducts...

  • Due Diligence Associate

    5 months ago

    Hyderabad, India Wells Fargo Full time

    **About the 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,...

  • Due Diligence Associate

    6 months ago

    Hyderabad, India Wells Fargo Full time

    **About the 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,...

  • Due Diligence Associate

    5 months ago

    Hyderabad, Telangana, India Wells Fargo 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,...

  • Due Diligence Associate

    2 months ago

    Hyderabad, Telangana, India Wells Fargo 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 - Review basic issues, policies or procedures for which answers can be quickly obtained related...

  • Due Diligence Specialist

    2 weeks ago

    Hyderabad, Telangana, India WELLS FARGO BANK Full time

    About this role:We are seeking a Due Diligence Associate to join our team at Wells Fargo.In this role, you will be responsible for conducting comprehensive research and background investigations to identify and mitigate risks. You will work directly with clients and relationship managers to ensure that policies and regulatory requirements are met.You will...

  • Due Diligence Associate

    4 weeks ago

    Hyderabad, Telangana, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a skilled professional to support the Due Diligence team. In this role, you will engage with clients and conduct comprehensive research to identify and mitigate risks. Your responsibilities will include reviewing transactions, individuals, and entities to ensure compliance with regulatory requirements. You will also...

  • Associate Due Diligence Coordinator

    5 months ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking an Associate Due Diligence Coordinator... **In 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,...

  • Associate Due Diligence Coordinator

    5 months ago

    Hyderabad, India Wells Fargo Full time

    **About this role**: Wells Fargo is seeking an Associate Due Diligence Coordinator... **In 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,...