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Associate Due Diligence Coordinator

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Wells Fargo

17d ago

  • Job
    Full-time
    Entry Level
  • Hyderabad, +1

AI generated summary

  • You need 6+ months of due diligence experience or a combination of work, training, military experience, and education that demonstrates equivalent skills.
  • You will conduct compliance processes, analyze risks, research suspicious activity, maintain records, and support audits to ensure adherence to anti-money laundering regulations.

Requirements

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

Responsibilities

  • Conduct Know your customer compliance process for Wholesale processes in line with the requirements of the United States of America Patriot Act as well as Wells Fargo corporate Anti-Money Laundering and Bank Secrecy Act policy requirements
  • Pick up relevant samples for data quality exception to assure compliance with as prescribed in the Quality Control framework requirements
  • Participate in and provide compliance support for projects and initiatives with low to high risk to identify, assess and mitigate Bank Secrecy Act and Anti-Money Laundering risk in business activities
  • Analyze risks on escalated, referred, or alerted negative news; communicate negative findings to lines of business and supply guidance on course of action
  • Identify and research the patterns, trends, and anomalies in transactional and customer data to detect, prevent, mitigate, and report suspicious activity related to money laundering and terrorist financing
  • Maintain an audit trail of due diligence performed
  • Analyze potentially suspicious activity, which will require the review of historical activity along with customer information
  • Interact with compliance representatives to assess potential unusual activity
  • Maintain program and procedures, making updates as needed
  • Assist as needed with examinations and audits

FAQs

What are the key responsibilities of an Associate Due Diligence Coordinator?

The key responsibilities include conducting Know Your Customer compliance processes, ensuring data quality compliance, providing support for compliance-related projects, analyzing risks related to suspicious activity, maintaining audit trails, interacting with compliance representatives, and assisting with audits and examinations.

What qualifications are required for this position?

A minimum of 6+ months of due diligence experience or equivalent experience through work, training, military experience, or education is required.

Does this position require experience in anti-money laundering or compliance?

Yes, relevant experience in anti-money laundering or compliance processes is essential for this role.

Is diversity valued in the recruitment process?

Yes, Wells Fargo values diversity, equity, and inclusion and welcomes applications from all qualified candidates, regardless of various protected characteristics.

What should candidates expect regarding compliance responsibilities?

Candidates should expect to be accountable for adhering to risk programs, complying with policies and procedures, and making sound risk decisions while monitoring for potential compliance issues.

Are accommodations available for applicants with disabilities?

Yes, accommodations for applicants with disabilities are available upon request during the recruitment process.

Is a drug-free workplace maintained at Wells Fargo?

Yes, Wells Fargo maintains a drug-free workplace in accordance with their Drug and Alcohol Policy.

Can third-party recordings be used during the hiring process?

No, third-party recordings are prohibited unless authorized by Wells Fargo.

What is the posting end date for this job?

The posting end date is not specified, but the job may come down early due to the volume of applicants.

Will candidates be considered for employment based on their protected characteristics?

Yes, all qualified applicants will receive consideration for employment regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, and other legally protected characteristics.

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Wells Fargo

Finance
Industry
10,001+
Employees
1929
Founded Year

Mission & Purpose

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with approximately $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.