In this role, you will:
- 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
Required Qualifications:
- 2+ years of Due Diligence experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Required Qualifications for Europe, Middle East & Africa only:
- Experience in due diligence, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 0-2 years of exerpience in one or a combination of the following: financial services, criminal justice, fraud, Bank Secrecy Act, anti money laundering, or investigations of financial crimes or policy violations; experience in the foregoing Operational Risk Management processes and / or Compliance or Audit Programs of a banking back office operations.
- Familiarity with and working knowledge of BSA/AML programs including all aspects of KYC and / or other related risk and regulatory disciplines.
- Proven ability to collaborate with all levels of management and functional groups.
- Demonstrated organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.
- Sound analytical, critical thinking and problem-solving skills.
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.
- Bachelors 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.
