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Due Diligence Coordinator

  • Job
    Full-time
    Junior Level
  • Government & Politics
    Legal

AI generated summary

  • You need 2+ years of due diligence experience or a combination of work, training, military experience, and education.
  • You will support client onboarding, conduct research on financial risks, collaborate with your team, and engage with clients indirectly to ensure compliance with policies and regulations.

Requirements

  • 2+ years of Due Diligence experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Responsibilities

  • 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, individuals, entities, organizations or locations to identify and mitigate associated sanctions, financial crime, and reputational risks
  • Receive direction from supervisor and escalate non-routine questions
  • Interact with immediate team and Due Diligence area on wide range of information
  • Engage with clients indirectly through relationship managers to support meeting policy and regulatory requirements

FAQs

What is the primary responsibility of a Due Diligence Coordinator at Wells Fargo?

The primary responsibility is to support the Due Diligence group by improving the client onboarding process, conducting comprehensive research and background investigations, and ensuring compliance with policy and regulatory requirements.

What qualifications are required for this position?

A minimum of 2+ years of Due Diligence experience, or an equivalent combination of work experience, training, military experience, or education is required.

How does this role interact with clients?

The Due Diligence Coordinator engages with clients indirectly through relationship managers to support compliance with policy and regulatory requirements.

Will I need to handle non-routine questions in this role?

Yes, you will receive direction from your supervisor and may need to escalate non-routine questions when necessary.

What is the posting end date for this job?

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

What is Wells Fargo's stance on diversity and inclusion in the workplace?

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

Is there a drug-free workplace policy at Wells Fargo?

Yes, Wells Fargo maintains a drug-free workplace, and further information can be found in their Drug and Alcohol Policy.

Are there accommodations available for applicants with disabilities?

Yes, accommodation for applicants with disabilities is available upon request during the recruitment process.

What type of skills or actions are emphasized in this role?

The role emphasizes proactive monitoring, governance, risk identification and escalation, and making sound risk decisions aligned with the business unit's risk appetite and compliance requirements.

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.