Due Diligence Associate - Hyderabad, India - Wells Fargo

Wells Fargo

Verified Company

Hyderabad, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

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.

Responsibilities:

Investigate and assess alerts generated by AML systems for appropriate clearance or for further escalation, ensuring compliance with applicable internal policies and procedures and external regulations;
Review and analyze transactional activity for suspicious/unusual patterns of activity utilizing various internal systems, reports and external data sources;
Conclude whether further investigation is warranted based on a reasonable assessment of information obtained;
Review, collect and transmit supporting details to the next level of Operations upon conclusion of review;
Adhere strictly to compliance and operational risk controls in accordance with Company and regulatory standards, policies and practices; report control weaknesses, compliance breaches and operational loss events;
Provide a supporting role to onshore business partners. Assist in reviewing alerts and provide support on all AML and KYC monitoring functions performed by Global CDD;
Maintain program and procedures, making updates as needed.
Assist as needed with examinations and/or audits.
Sound analytical, critical thinking and problemsolving skills
Experience with decision making and report writing.

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Job Requirements:

4+ years of experience in one or a combination of the following: financial services, criminal justice, fraud, Bank Secrecy Act, antimoney laundering, 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 backoffice operations.
A Bachelor's degree or with equivalent industry/functional experience
Fluency in spoken and written English
Ability to be flexible and willing to change along with changes in corporate and department objectives in addition to recommending changes to assist in meeting these objectives.
Ability to balance quality and quantity (volumes) with primary focus on quality.
Is selfmotivated, pragmatic (sense of urgency is a must)
Willing to work a flexible schedule to accommodate business needs.

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Desired Skills:

Good Verbal and Written Communication Skill
Ability To Interpret data
Analytical skills
Quick learner
Domain knowledge within banking

We Value Diversity

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.

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