About the Role

Wells Fargo is seeking a Due Diligence Associate should participate and provide compliance support for projects and initiatives with low to high risk to identify assess and mitigate BSA/AML risk in business activities.

In this role, you will:

• Engage with clients directly or indirectly through relationship managers to support meeting policies or regulatory requirements and focus on client satisfaction
• Conduct comprehensive research and background investigations on transactions, individuals, entities, organizations or locations to identify and mitigate risks through documenting findings
• Review basic issues, policies or procedures for which answers can be quickly obtained related to lower risk tasks and deliverables with narrower impact
• Run periodic due diligence reporting supporting processes reflective of the current business environment
• Gather and input data utilizing resources to identify documentation required to meet policy or regulatory requirements
• Receive direction from supervisor and exercise judgment while developing understanding of function, policies, procedures, and compliance requirements
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

• 6+ months of Due Diligence experience, or equivalent (including risk management, client service, operations support, or business process management) demonstrated through one or a combination of the following: work experience, training, military experience, education

• Investigate and assess alerts generated by AML systems for appropriate clearance or for further escalation, ensuring compliance with applicable internal policies and procedures and external regulations;
• Review and analyze transactional activity for suspicious/unusual patterns of activity utilizing various internal systems, reports and external data sources;
• Conclude whether further investigation is warranted based on a reasonable assessment of information obtained;
• Review, collect and transmit supporting details to the next level of Operations upon conclusion of review;
• Adhere strictly to compliance and operational risk controls in accordance with Company and regulatory standards, policies and practices; report control weaknesses, compliance breaches and operational loss events;
• Provide a supporting role to on-shore business partners. Assist in reviewing alerts and provide support on all AML and KYC monitoring functions performed by Global CDD;
• Maintain program and procedures, making updates as needed.
• Assist as needed with examinations and/or audits.
• Sound analytical, critical thinking and problem-solving skills
• Experience with decision making and report writing.

• 6+ months 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.
• A Bachelor's degree or with equivalent industry/functional experience
• Fluency in spoken and written English
• Ability to be flexible and willing to change along with changes in corporate and department objectives in addition to recommending changes to assist in meeting these objectives.
• Ability to balance quality and quantity (volumes) with primary focus on quality.
• Ability to learn quickly and adapt to evolving and changing priorities. Procedures change frequently; selected candidates are expected to implement the changes immediately with minimal training.
• Is self-motivated, pragmatic (sense of urgency is a must)
• Willing to work a flexible schedule to accommodate business needs.

• Good Verbal and Written Communication Skill
• Ability To Interpret data
• Analytical skills
• Quick learner
• Domain knowledge within banking