Product Reg Compliance Manager, Wise
Wise Platform
ÂŁ67.5-87.5k
1-5 days a week in office
Money without borders
Open for applications
Money without borders
1001+ employees
Open for applications
ÂŁ67.5-87.5k
1-5 days a week in office
1001+ employees
Company mission
We’re on a mission. And it’s money without borders. Instant, convenient, transparent and — eventually — free.
Role
Who you are
- We’re looking for a Product Compliance Manager to join this growing team
- Min 5 years of relevant experience working in a financial institution, fintech or consulting firm
- Ability to prioritise effectively and call out what are the key areas of improvement and implementation required from a regulatory point of view; translate regulatory requirements into actionable business requirements
- Ability to effectively communicate with Product Managers and Engineers and translate regulatory requirements into practical, actionable business requirements
- Ability to present and defend approaches when challenged
- Can drive and deliver projects from inception to completion, timely and with attention to the details
- For everyone, everywhere. We're people building money without borders — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive
What the job involves
- The new role sits within our Wise Platform Product Risk and Compliance team, which is part of the 1st Line of Defense (1LOD)
- This strategic addition comes in response to the rapid growth of our product offerings and the increasing regulatory pressure and expectation we face
- This role is hands-on, a unique opportunity to have an impact on Wise’s mission, grow as a product and compliance manager, and help save millions more people money
- Your mission is to enable our Wise Platform team to launch new products and partnerships globally, through a deep understanding of the regulatory requirements and regulators’ expectations around them
- This is a first line Product Compliance role, embedded in the Wise Platform team
- Empower Product Teams to build compliant by design new products and services by advising them on how to implement regulatory requirements in a customer-oriented way while fully adhering to regulatory requirements
- Ensure that regulatory analysis of new products and services are performed and well-documented, and that related controls are implemented consistently prior to launch
- Collaborate with Regional 1st and 2nd line Compliance teams and Product teams, to ensure remediation plans are agreed upon across lines and executed timely
- Advise Product and operational teams on how to interpret regulatory requirements or improve processes to avoid regulatory breaches and/or incidents
- Represent Wise in external meetings with banking partners and regulators, being able to clearly and effectively articulate Wise Platform’s offering
- This role will give you the opportunity to:
- Provide input on regulatory related agreements and clauses, always representing Wise customer-oriented culture while ensuring compliance
- Grow your hands-on Fintech knowledge at full speed
- Keep compliance right at the heart of the product development cycle, in a fast-moving environment
- Be empowered to identify regulatory issues and take a lead in their remediation
Salary benchmarks
Our take
Wise started when the two founders realised they would be better off trading Estonian kroons for British pounds (and vice versa) between themselves rather than going through banks. That was back in 2011, and they've since grown Wise into one of Europe's most successful tech businesses, exchanging billions of currency every month.
Wise rapidly grew by solving a significant problem for customers, who lost too much money to banks when exchanging currency. They've attracted investment from some of the best investors in the world, from Andreesen Horowitz to Index Ventures and even Richard Branson.
The challenge for Wise will be maintaining their edge and brand power in a market that's becoming increasingly crowded with new entrants (like Revolut and Monzo) and incumbents (traditional banks) trying to catch up. To do so, the company is ramping up its digital and marketing strategies, as well as pushing for further development of its existing products.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Many candidates hear
back within 2 weeks
38% employee growth in 12 months
Company
Employee endorsements
Flexible working
"I'm trusted to do my work regardless of whether I'm in the office or working from my spare room. Our mobile wiser scheme gives us the opportunity to..."
Funding (last 2 of 7 rounds)
Nov 2017
$280m
SERIES E
May 2016
$24.9m
SERIES D
Total funding: $395.3m
Company benefits
- Medical Insurance
- Health and Wellbeing Discounts
- 25 days holiday (excl. bank holidays) + 3 Me Days
- RSUs (Restricted Stock Units)
- 6 Week Paid Sabbatical
- Mobile Wiser - work remote for up to 90 days a year 🛫
- Parental Leave
- Pension and Retirement Plans
- Plus Many More!
Company values
- This isn’t just a job, we’re a revolution
- We get it done
- Customers > team > ego
- No drama. Good karma.
Company HQ
London, UK
Articles
Leadership
Taavet Hinrikus
(Chairman)Previously Director of Strategy for Skype.
Kristo Käärmann
(CEO)Previously a Consultant at PwC and Manager at Deloitte.
People progressing
Joined as Banking Lead, promoted to Head of Banking after 2 years, then again to Global Head of Banking.
Diversity, Equity & Inclusion at Wise
- Communities and safe spaces (Employee Resource Groups) – led by our Wisers so people can share experiences and information, support each other and connect on shared values
- Wise Cultural Calendar – a programme to learn and celebrate the wide range of cultures, traditions, backgrounds, and global experiences we have here at Wise. Example programmes include Pride Summer and Black History Month
- Our teams continue to set and drive their own bespoke objectives, holding themselves accountable and making sure they focus efforts where they can have the most impact
- We’re excited to partner with InChorus to collect ongoing data on our culture and enable teams to track their progress
- DEI development and training — We’re building our capability and getting everyone on the same page about DEI. Our new training programme will help new joiners and all Wisers know what DEI looks like day-to-day and how they can play their part
- Global policy review — We’re working with an external advisor to provide detailed feedback on best practices in policies by end January
- Disability inclusion – We’re building resources and support for Wisers and candidates with disabilities. Our goals is to offer practical information and support to ensure that Wise remains an inclusive environment for those impacted by a disability
Share this job
View 92 more jobs at Wise