Are you a law graduate/ legal professional looking for job opportunities as a Due Diligence Associate? This opportunity might be of interest to you!
About:
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. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Role:
Due Diligence Associate
Qualifications:
- Graduation in any stream.
- 4+ years of experience 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.
Desired Skills
- Good Verbal and Written Communication Skill
- Ability to Interpret data
- Analytical skills
- Quick learner
- Domain knowledge within banking
Responsibilities:
- Conducting Know your Customer (KYC) Compliance process for Wholesale processes in line with the requirements of the USA Patriot Act as well as Wells Fargo corporate AML / BSA policy requirements.
- Responsible for picking up relevant samples for Data Quality exception to assure compliance with as prescribed in the QC framework requirements.
- Participates in and provides compliance support for projects and initiatives with low to high risk to identify, assess and mitigate BSA/AML 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.
- 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.
- 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/or audits.
- Sound analytical, critical thinking and problem-solving skills
How to Apply:
Interested candidates can Apply here (click here)
