About this role:
“Wells Fargo is seeking a Due Diligence Consultant. We believe in the power of working together because great ideas can come from anyone. Through collaboration, any employee can have an impact and make a difference for the entire company. Explore opportunities with us for a career in a supportive environment where you can learn and grow.”
In this role, you will:
- Own client onboarding process to mitigate risk through a due diligence process
- Participate in conducting less complex client due diligence processes, research and identify opportunities to mitigate risk
- Consult and provide support to interpret policies, guidelines and governance programs
- Support business in execution of due diligence reporting processes and controls
- Review and analyze client onboarding processes or challenges that require research, evaluation, and selection of alternatives
- Exercise independent judgment to guide medium risk deliverables
- Aggregate, evaluate and report results and escalate where necessary
- Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in the due diligence function, policies, procedures and compliance requirements
- Collaborate and consult with peers, colleagues, managers and internal and external customers to resolve issues and achieve goals
Required Qualifications:
- 2+ years of Due Diligence experience, or equivalent (including risk management, client service, operations support, or business process management) demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Conduct comprehensive research and background reviews of transactions, individuals, entities, organizations or locations to identify and mitigate risks through documenting findings and escalation
- Perform EDD reviews in line with client policy to fulfil Know Your Customer (KYC) requirements.
- Research business escalations to review potential negative news or financial crimes-related potential matches, research and provide recommendation based on findings
- Review basic issues, policies or procedures for which answers can be quickly obtained related to lower risk tasks and deliverables with narrower impact
- Perform tasks to support regular reporting routines and/or ad-hoc requests, which include report review, analysis, research and documentation
- Gather and input data utilizing resources to identify documentation required to meet policy or regulatory requirements
- Evaluate output from the Due Diligence Group which includes Corporate Politically Exposed Persons, Global Sanctions Screening & Reporting, and Enhanced Due Diligence Center
- Receive direction from supervisor and exercise judgment while developing understanding of function, policies, procedures, and compliance requirements
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
- 2+ years of Experience in AML Investigations, EDD Reviews, PEP Investigations, Fraud Investigations, customer/transactional activity research, domain knowledge within banking and BSA/AML/OFAC Regulatory Compliance related review of Customer relationships
- 2+ years of experience in financial crimes and thorough understanding of CIP/CDD/EDD requirements
- Experience in Process Review Activity (QA/QC)
- Extensive knowledge and understanding of research and analysis
- Strong time management skills and ability to meet deadlines
- Would be required to demonstrate logical thinking, good numeric abilities, domain understanding.
- Ability to foresee risks, be proactive and predictive while developing risk mitigation plans.
- Good verbal and written communication skills
- Strong analytical, critical thinking and problem-solving skills. Ability to prepare management level presentations, present reports to and interact with senior leaders
- Experience delivering results in a fast-paced, deadline driven environment while balancing multiple priorities
- Able to articulate a complex problem, design, build and implement a solution and communicate in clear business terms the benefits of the proposed risk management approach
- Provide the highest quality of work in support of the achievement of business goals.
- Exercise independent judgement and discretion handling highly sensitive casework.
- Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
- ossess good knowledge in US regulations (Bank Secrecy Act, USA PATRIOT Act and Economic Sanctions laws)
- Excellent communication and relationship/partnership building skills.
- Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint.
- Bachelor’s degree in Business, Finance or Economics
Job Expectations:
- Flexibility of working in shifts
Posting End Date:
8 Apr 2025
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Wells Fargo Hyderabad, Telangana, IND Office
: C9FH+X2J, Divyasree Orion Rd, Madhura Nagar Colony, Gachibowli, Hyderabad, Telangana, India, 500032
