About the Job
Wells Fargo, a leading global financial services company, is seeking a Due Diligence Associate for their Chennai, Tamil Nadu office. This full-time, on-site position is ideal for candidates with a minimum of 6+ months of due diligence experience or equivalent experience in risk management, client service, operations support, or business process management.
About the Organization
Wells Fargo is a globally recognized financial services company with over 10,001+ employees. Known for its commitment to providing reliable banking, investment, and mortgage products and services, Wells Fargo operates with a strong focus on customer satisfaction, risk mitigation, and compliance. The company values diversity, equity, and inclusion, making it a great place for professionals to grow and thrive.
Eligibility
Candidates must meet the following criteria:
- Experience: At least 6+ months of due diligence experience or equivalent experience in risk management, client service, operations support, or business process management.
- Education: University degree in Business or related discipline is preferred.
- Skills:
- Strong knowledge of regulatory compliance requirements surrounding the USA PATRIOT Act and Anti-Money Laundering (AML) requirements.
- Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills.
- Ability to research, analyze, and determine a course of action for financial transactions.
- Strong customer service and relationship-building skills.
- Ability to take initiative and work independently with minimal supervision in a structured environment.
Role and Responsibilities
The Due Diligence Associate will be responsible for:
- Conducting comprehensive research and background investigations on individuals, entities, organizations, or locations to identify and mitigate associated sanctions, financial crime, and reputational risks.
- Reviewing and analyzing due diligence data from various sources to determine overall risk.
- Screening customers, prospects, and/or transactions against regulatory reporting lists and sanctions watch lists.
- Evaluating risks to determine permissibility under sanctions, regulations, and/or BSA/AML regulations.
- Working with high-risk customers to understand controls and activities.
- Providing appropriate direction to the lines of business through escalating confirmed sanctions alerts, PEP matches, and other risks.
- Performing documentary or non-documentary Customer Identification Program on domestic customers.
- Ensuring compliance with federal/state anti-money laundering laws and regulations.
- Consulting with peers, line of business managers, and other external parties regarding due diligence findings.
- Participating in moderate size project initiatives.
- Operating independently with minimal supervision and managing work requests to meet performance expectations.
Perks
- Opportunity to work with a leading global financial services company.
- Exposure to diverse compliance and risk management matters.
- Professional growth and development opportunities.
- Competitive compensation package.
- Inclusive and diverse work environment.
Mode and Location
- Mode: On-site.
- Location: Chennai, Tamil Nadu, India.
Application Procedure
Interested candidates can apply via LinkedIn by following the provided application link. Ensure your resume highlights relevant experience and skills, particularly in due diligence, risk management, and regulatory compliance.
Important Dates
- Application Deadline: Apply as soon as possible (no fixed deadline).
- Date of Joining: Immediate.
Official Link For more information about Wells Fargo and to apply for the position, visit their LinkedIn page.
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