APAC Client On-Boarding Consultant
- Base + Bonus + Benefits
- Permanent, Full time
- Wells Fargo Bank
- 21 Sep 17
Looking for KYC/COB professionals to work within one of our growing Lines of Business
About Wells Fargo: Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Main function of the job:
This consultant is functionally managed by the APAC Client On-boarding Manager in the 1st line of defense (“1LOD”).
Primary function of the role is obtaining, verifying, and properly recording customer due diligence information and documentation, for KYC technical matters requiring escalation, the APAC Client On-boarding Manager (also in the 1LOD) is the first point of reference. The individual will also assist with ongoing reviews and KYC projects as required.
As a dedicated KYC resource support for our Commercial Distribution Finance (CDF) business;-
•Conduct full KYC/AML verification checks on all new clients in accordance with relevant APAC laws, rules and regulations, and firm policies as appropriate.
•Investigate ownership and control of the client to identify all ultimate beneficiaries and possible PEPs for KYC and risk management purposes.
•Provide advice to the business in order for them to obtain information and documentation required to ensure compliance with relevant Anti-Money Laundering laws, rules and regulations.
•Investigation of the client’s background utilizing all available internal/external systems, to develop a full picture of who the client is and whether any high risk factors are revealed.
•Liaise and co-ordinate with various other departments as necessary regarding client on-boarding.
•Ensure that all relevant KYC/AML information is adequately recorded, especially information relating to source of funds / source of wealth and expected account activity, for risk management purposes.
•Liaise with the business or operations where necessary in order to provide the client with a clear understanding of firm and regulatory requirements.
•Assist where necessary in the ongoing client review program performing appropriate KYC/AML reviews on the existing APAC client base.
•Assist with the ongoing maintenance of client information and documentation.
•Assist with updating procedures and trackers related to Customer due diligence BSA / AML program
•Assist with ad-hoc projects, as required.
The successful candidate will be able to demonstrate:
•Solid AML compliance experience, with a good understanding of AML laws, rules and regulations in APAC, including all aspects of CIP / CDD / EDD; some knowledge of the global AML regulatory environment would be a plus.
•Excellent interpersonal and communication skills and experience dealing with front office staff on a daily basis.
•The ability to work unsupervised, and willingness to work to deadlines to get the job done when required.
•Strong organizational skills, attention to detail, and adherence to strict deadlines in a fast faced and high pressure environment.
Team members 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.