Deputy Money Laundering Reporting Officer, Wise
1-5 days a week in office
Money without borders
Be an early applicant
Money without borders
1001+ employees
Be an early applicant
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
- Experience: 7+ years in financial crime compliance, specifically in AML/CTF. Experience in fast-paced environments is highly preferred
- Knowledge: In-depth knowledge of UK rules and regulations. In-depth knowledge of what UK regulators expect in terms of industry standards and cadence, form and nature of communication with them on issues that may arise and/or matters they would expect to be made aware of. Domaine expertise in global financial crime regulations, risk management frameworks, and control environments, particularly in AML, CTF, Sanctions, KYC/CDD, TM, and Screening
- Leadership: Proven experience in leading and supporting financial crime strategies, with the ability to challenge and collaborate effectively with 1LoD and senior stakeholders. Proven experience in managing/scaling a financial crime/ AML team
- Skills: Strong analytical, communication, interpersonal and organisational skills. Able to convey complex financial crime concepts clearly to internal and external audiences
- Detail-Oriented: Meticulous attention to detail with the ability to manage complex compliance tasks efficiently
- Team Player: Ability to collaborate effectively with teams across the business, including product, operations, and legal teams, to ensure financial crime controls are embedded into all processes
- Practical Application: Experience in designing and implementing financial crime processes and controls, and understanding how compliance strategies intersect with business operations
- Communication: Strong written and verbal communication skills, with the ability to convey complex regulatory concepts clearly to various audiences
- Sense of Urgency: Ability to prioritise and work well under pressure, meeting tight deadlines in a fast-paced environment
- Travel: Willingness to travel to other Wise offices when required to support global compliance initiatives
What the job involves
- The Deputy MLRO (DMLRO) will support the UK MLRO in mitigating financial crime risks
- You will help ensure the effective oversight of Wise’s financial crime compliance framework, including AML, CTF, ABC, Sanctions, Fraud, KYC/CDD, and EDD
- You will play a key role in ensuring robust controls are in place, aligned with UK regulatory requirements, and actively collaborate with first line teams, product development, and other key stakeholders
- Policies and Methodologies:
- Maintain and oversee the UK financial crime policy framework and program, ensuring alignment with UK regulations, including AML, CTF, Sanctions, KYC/CDD, and EDD
- Horizon scanning for new financial crime regulations and guidance: Identify emerging regulatory developments and oversee the implementation of changes within business activities to ensure compliance
- Governance and MI:
- Prepare and contribute to quarterly compliance reports for the board of directors, highlighting key financial crime risks, metrics, and incidents
- Supervise the creation and maintenance of Management Information (MI) related to financial crime risks, ensuring accurate reporting of trends, control effectiveness, and incident management to senior management
- Incident and Issue Management:
- Support the Head of FinCrime Incidents and Issue Management by assisting with root cause analysis of financial crime incidents and ensuring effective remediation plans are executed for the UK market. Ensure incidents are tracked and resolved within appropriate timelines
- Deputise for the MLRO when necessary, ensuring strong oversight of financial crime operations across AML, Fraud, Sanctions, KYC/CDD, and EDD
- Control Oversight and Assurance:
- Provide assurance and challenge to 1LoD teams on financial crime controls, ensuring they are effective and aligned with Wise’s risk appetite and UK regulatory standards
- Oversee controls related to CDD, Transaction Monitoring (TM), Screening, and broader AML/CTF requirements, ensuring fit-for-purpose controls are in place across all areas and in line with the expectations of our regulatory bodies in the UK
- Product and Business Support:
- Support product and business teams by advising on financial crime compliance for new products and features, ensuring controls meeting UK requirements and regulatory expectations are embedded from the outset
- Lead coordination and reviews of changes related to TM, CDD, and Screening, collaborating with relevant teams such as Sanctions, Fraud, and FinCrime Model teams
- Training:
- Support the design and delivery of training for compliance and operational teams on AML, CTF, and broader financial crime controls, ensuring staff are equipped to manage evolving risks and that UK rules and regulations are understood by those building controls and/or following procedures built to meet UK requirements and regulatory expectations
- Regulatory Engagement:
- Support the creation and delivery of content which will be shared with UK regulators and/or industry bodies ensuring that Wise is well represented and that the UK rules and requirements are accurately captured and met
- Support the MLRO as a liaison to the Financial Intelligence Unit (NCA)
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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