About This Role
Wells Fargo is seeking an Associate Due Diligence Coordinator
In This Role, You Will
- 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
Required Qualifications
- 6+ months of due diligence experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications
- Knowledge and a broad background in Wholesale Banking.
- Experience in Operational risk management processes and/or compliance and / or audit and / or regulatory programs with KYC Duties.
- On-boarding KYC customer processing or Financial Crimes Investigations experience strongly preferred.
- Thorough understanding of CIP/CDD/EDD requirements .
- 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
- Conducting Know your Customer (KYC) Compliance process for WFCO processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements.
- Analyze risks on escalated, referred, or alerted negative news. Communicate negative findings to lines of business and supply guidance on course of action.
- Identifying and researching 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.
- Review Customer Due Diligence information for accuracy and investigate discrepancies.
- Identify Higher Risk clients and obtain Enhanced Due Diligence where appropriate.
- 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/or audits.
Reference Number
R-526910
