Details of the Organization

Wells Fargo (NYSE: WFC) is a leading financial services company with $1.9 trillion in assets. Founded in 1852, headquartered in San Francisco, they serve customers globally through 7,300+ locations, 12,000+ ATMs, online, and mobile banking. With over 250,000 team members, they aim to satisfy our customers' financial needs and help them succeed. Ranked No. 41 on Fortune's 2022 list of largest corporations, Wells Fargo is committed to providing banking, investment, mortgage, and finance solutions to customers worldwide. Visit Wells Fargo Stories for news and insights.

Details of the Job/Internship

Wells Fargo is hiring a Due Diligence Associate in Chennai, Tamil Nadu. Join them for this opportunity!

Role and 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 non-documentary Customer Identification Program on domestic customers in accordance with regulations and bank policy.
• Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank.
• Prepares and submits regulatory reporting and requests. Consults with peers, line of business managers and other external parties regarding due diligence findings. Participates in moderate to complex project initiatives as the primary subject matter expert
• Develops/delivers procedures or training; or mentors Associates with less experience. Effectively manages work requests to meet performance expectations.

Eligibility

Essential Qualifications: 

• 3+ 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 minimal supervision in a structured environment
• Ability to research, analyze, and determine a course of action for financial transactions
• Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act and Anti Money Laundering (AML) requirements
• Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Ability to provide strong customer service and develop customer relationships
• Subject matter expert and Training skills
• Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.

Salary/Stipend

The salary will be discussed with the candidate itself.

Type of Opportunity

Fulltime

Country

India

State

Tamil Nadu

City

Chennai

Address

Chennai, Tamil Nadu