Sanctions Compliance Manager, Wise
£65-85k
1-5 days a week in office
Money without borders
Be an early applicant
Money without borders
1001+ employees
Be an early applicant
£65-85k
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
- You have extensive experience in financial crime compliance, with a strong focus on sanctions regulations
- You have a proven ability to handle complex sanctions escalations and deliver strategic guidance on risk management
- You have a strong knowledge of global sanctions laws and regulations, and experience working with regulators and authorities
- You have an ability to mentor and train junior staff on sanctions compliance
- You have excellent communication skills, with the ability to collaborate effectively across various business functions
- You have strong analytical skills with the ability to assess risks and develop compliance strategies
What the job involves
- As a Sanctions Compliance Manager at Wise, you will be responsible for handling and providing expert guidance on complex sanctions cases and supporting the overall global financial crime strategy
- This role is pivotal in ensuring the company's compliance with sanctions regulations and maintaining the integrity of our operations across various jurisdictions
- You will be the final escalation point for sanctions matters and work closely with internal teams, external partners, and regulators to manage risks and ensure compliance
- Escalate sanctions breaches to the appropriate global/regional Compliance Oversight teams
- Review and assess sanctions risks related to business development, joint ventures, and mergers/acquisitions
- Support the wider Financial Crime team in ensuring customers are compliant with sanctions, including evaluating their sanctions controls
- Review screening scope changes as escalated by the list management function
- Support the execution of Wise’s Global Sanctions Strategy, providing advice to embed the Sanctions Policy in business and operational processes
- Participate in sanctions risk assessments associated with new business activities
- Assist in reviewing global Fincrime Operations procedures to ensure adherence to best practices
- Support the broader Sanctions Compliance Oversight function, including annual financial crime compliance risk assessments and horizon scanning
- Provide targeted training to enhance the sanctions screening and handling capabilities of the team
- Work with the local training team to ensure that fincrime training is up to date for all employees
- Build and deliver monthly management information (MI) reports related to sanctions escalations and risk mitigation
- Refine internal systems such as Jira to streamline work requests, define SLAs, and monitor performance metrics
- Ensure governance of the sanctions escalation process, including record-keeping and procedure documentation
- Align with the Compliance Management Team (CMT) on incident validation standards and methodologies
- Participate in global forums for incident management, ensuring oversight of financial crime issues and sanctions risks
- Lead on ad-hoc sanctions projects and contribute to the sanctions remediation program
- Drive improvements in Wise’s Know Your Customer (KYC)/Customer Due Diligence (CDD) processes, screening capabilities, and alert handling
- Support in the determination and investigation of complex sanctions cases
- Support the Global Sanctions Lead in activities leading to internal and external regulatory engagement
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
Some 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
$25.4m
SERIES D
Total funding: $395.8m
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
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