About this role:
Wells Fargo is seeking a Associate Due Diligence Coordinator
In this role, you will:
Required Qualifications:
Wells Fargo is seeking a 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
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