Due Diligence Coordinator

About this role:

Wells Fargo is seeking a Due Diligence Coordinator

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

Desired Qualifications:

• Experience in due diligence, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 2 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.
• Demonstrated organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.
• Sound analytical, critical thinking and problem-solving skills.
• 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.

This position will be working with the Wells Fargo Financial Crimes Risk Management Team within the WFCO. The Due Diligence Coordinator will report to a Due Diligence Associate Manager within India hub

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.