Due Diligence Coordinator

Wells Fargo

Jan 30, 2025

Applications are closed

Job
Full-time
Junior Level
Research & Development
Hyderabad, +1

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:
Ability to take initiative and work independently with minimal supervision in a structured environment.
Ability to research, analyze, and determine a course of action for financial transactions.
Knowledge and understanding of regulatory compliance requirements surrounding USA PATRIOT Act and Anti Money Laundering (AML) requirements.
Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
Ability to provide strong customer service and develop customer relationships.
Subject matter expert and Training skills
Strong organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.

Responsibilities

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
Conducts reviews of bank customers (individuals/entities), related parties (owners, board of directors, executives) and/or transactions that present a moderate degree of complexity and risk to determine appropriateness for Wells Fargo.
Conducts comprehensive research and/or background investigations on individuals, entities, organizations, or locations to identify and mitigate associated sanctions, credit, financial crime, and reputational risks and thoroughly documenting findings.
Reviews and analyzes due diligence data from a variety of sources to determine overall risk.
Screens customers, prospects and/or transactions against various regulatory reporting lists and regionally based sanctions watch lists.
Evaluates risks to determine permissibility under sanctions, regulations and/or BSA/AML regulations. Works with high-risk customers (e.g. casinos, MSBs, payment processors) to understand controls and activities. Provides appropriate direction to the line of business. Escalates confirmed sanctions alerts, PEP matches and other risks appropriately.
Performs non-documentary Customer Identification Program on domestic customers in accordance with regulations and bank policy.
Ensures compliance with guidelines set forth in federal/state anti-money laundering laws and regulations including the Bank Secrecy Act and various sanctions regulations, and in accordance with policy/procedures set by the bank.
Prepares and submits regulatory reporting and requests. Consults with peers, line of business managers and other external parties regarding due diligence findings. Participates in moderate to complex project initiatives as the primary subject matter expert.
Develops/delivers procedures or training; or mentors Associates with less experience. Effectively manages work requests to meet performance expectations.

FAQs

What is the primary role of the Due Diligence Coordinator at Wells Fargo?

The primary role of the Due Diligence Coordinator is to support the Due Diligence group by improving the client onboarding process, conducting comprehensive research on transactions and individuals, and identifying and mitigating associated risks.

What are the required qualifications for this position?

The required qualifications include at least 2+ years of Due Diligence experience or equivalent demonstrated through work experience, training, military experience, or education.

What skills are desired for a candidate applying for this role?

Desired skills include initiative and independence in a structured environment, strong research and analytical abilities, knowledge of regulatory compliance (specifically regarding USA PATRIOT Act and Anti Money Laundering), basic Microsoft Office skills, strong customer service abilities, training skills, and organizational and time management skills.

What type of tasks will the Due Diligence Coordinator perform?

The Due Diligence Coordinator will conduct reviews of bank customers and transactions, perform background investigations, screen customers against regulatory lists, evaluate risks, ensure compliance with laws and regulations, and prepare regulatory reports.

What job expectations are set for someone in this position?

Job expectations include conducting comprehensive research, analyzing due diligence data, evaluating risks, managing high-risk customers, ensuring compliance with laws and regulations, and possibly developing and delivering training for less experienced associates.

Is there a closing date for applications for this position?

Yes, the posting end date is February 4, 2025, but it may come down early due to a high volume of applicants.

Does Wells Fargo promote diversity in its hiring process?

Yes, Wells Fargo values diversity, equity, and inclusion and encourages applications from all qualified candidates regardless of their background.

What policy does Wells Fargo have regarding drugs and alcohol in the workplace?

Wells Fargo maintains a drug-free workplace, and candidates should refer to the Drug and Alcohol Policy for more information.

How does the role support client interactions?

The Due Diligence Coordinator engages with clients indirectly through relationship managers to support meeting policy and regulatory requirements.

Are there accommodations available for applicants with disabilities?

Yes, accommodations for applicants with disabilities are available upon request in connection with the recruitment process.

Wells Fargo

Finance

Industry

10,001+

Employees

1929

Founded Year

Mission & Purpose

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. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.