Due Diligence Associate Job in Bangalore at Wells Fargo

Wells Fargo is hiring for the position of Due Diligence Associate!

Responsibilities of the Candidate:

• Conduct 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
• Conduct 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 document findings
• Review and analyze due diligence data from a variety of sources to determine overall risk.
• Screen customers, prospects and/or transactions against various regulatory reporting lists and regionally-based sanctions watch lists
• Evaluate risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations
• Work with high-risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities. Provides appropriate direction to the line of business
• Escalate confirmed sanctions alerts, PEP matches and other risks appropriately
• Perform a non-documentary Customer Identification Program on domestic customers in accordance with regulations and bank policy

Requirements:

• 4+ 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.