Associate Due Diligence Coordinator - Chennai, Tamil Nadu, India - Wells Fargo

Wells Fargo
Wells Fargo
Verified Company
Chennai, Tamil Nadu, India

1 month ago

Deepika Kaur

Posted by:

Deepika Kaur

beBee Recuiter
Description

About this role:

Wells Fargo is seeking an Associate Due Diligence Coordinator...


Key Job Responsibilities

  • 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 nondocumentary Customer Identification Program on domestic customers in accordance with regulations and bank policy.
  • Ensures compliance with guidelines set forth in federal/state antimoney laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank.

Essential Qualifications:

0 to 1 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


Desired Qualifications:


  • Ability to take initiative and work independently with mínimal supervision in a structured environment
  • Ability to research, analyze, and determine a course of action for financial transactions
  • Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
  • Ability to provide strong customer service and develop customer relationships
  • Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.

Posting End Date:

8 Feb 2024


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

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.


Applicants with Disabilities

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