Due Diligence Associate

About this role:

Wells Fargo is seeking a Due Diligence Associate

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

Required Qualifications:

• 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

Key Responsibilities

1. Transaction Review & Analysis

• Perform endtoend transaction analysis for financial intermediaries, including banks, payment service providers, brokers, fintechs, and NBFIs.
• Review originator and beneficiary details to verify legitimacy, consistency, and risk exposure.
• Assess transaction patterns, velocity, volumes, and unusual behaviors through datadriven review.
• Identify discrepancies between transaction activity and the customer's known profile or expected activity.
• Determine the nature, purpose, and economic rationale of transactions where unclear or potentially suspicious.

2. AML/KYC Risk Assessment

• Evaluate AML/KYC risk indicators, including geographic risk, entity type, product risk, and delivery channel risk.
• Identify red flags such as structuring, layering indicators, shell entity activity, opaque ownership, highrisk jurisdictions, or nested relationships.
• Draw riskbased conclusions and recommend next steps (enhanced due diligence, escalation, monitoring controls).
• Document findings clearly and concisely to support overall customer duediligence reviews.

3. DeepDive Investigations

• Conduct followup research using internal systems, opensource intelligence (OSINT), commercial databases, and regulatory lists.
• Summarize the originator/beneficiary profile, relationship background, transaction purpose, and any adverse findings.
• Analyse sourceoffunds/sourceofwealth indications where relevant.

4. Reporting & Documentation

• Prepare highquality investigative narratives in line with regulatory and audit standards.
• Maintain clear audit trails of data sources, assumptions, and decision-making rationale.
• Support the preparation of SAR/STR filings where required.

5. Stakeholder Collaboration

• Work closely with Due Diligence teams, AML Investigations, Sanctions, and Compliance Advisory teams.
• Engage with internal partners to clarify customer activity, mitigate risks, or seek additional documentation.
• Provide insights to help refine transaction monitoring scenarios for financial intermediaries.

6. Policy & Regulatory Compliance

• Stay updated on global AML/KYC regulations relevant to financial intermediary relationships (FATF, FinCEN, FCA, MAS, etc.).
• Ensure all reviews adhere to internal AML policies, risk frameworks, and regulatory standards.
• Assist in process improvements, quality assurance, and training initiatives.

Required Qualifications & Skills

Technical Skills

• Strong understanding of AML frameworks, financialintermediary risks, and global regulatory expectations.
• Experience with transaction monitoring systems, case management tools, and KYC platforms.
• Ability to analyze data, identify patterns, and make riskbased judgments.
• Proficiency in reviewing SWIFT/MT messages, wire transfers, payments, and correspondent banking flows (preferred).

Analytical Skills

• Ability to interpret complex financial flows and derive meaningful insights.
• Strong research capabilities (OSINT, corporate registries, sanctions lists, media reviews).

Posting End Date:

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 .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our 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.