Lawsikho

Deadline Open Deadline

Location Hyderabad, Telangana, India

Salary Compensation details will be finalized during the interview process with the selected candidate.

Details of the Organization

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.

Details of the Job/Internship

Wells Fargo is hiring a Due Diligence Coordinator with 2+ years of Due Diligence experience, or equivalent (including risk management, client service, operations support, or business process management) to join them in their Hyderabad office.

Role and 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.

Eligibility

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