Compliance Advisory Senior Manager, Wise
Wise Platform
$145-185k
1-5 days a week in office
Money without borders
Open for applications
Money without borders
1001+ employees
Open for applications
$145-185k
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, with a strong focus on managing financial crime risks associated with Correspondent Banking customers and products
- Knowledge: Deep knowledge of global financial crime regulations (AML, CDD, EDD) as they pertain to Platform customers and operations
- Leadership: Demonstrated experience leading FinCrime strategies and Platform controls, with a strong ability to collaborate across product, compliance, and operational teams
- Skills: Excellent communication, analytical, and leadership skills, with the ability to influence cross-functional teams and senior stakeholders
- Education: Bachelor’s degree in law, finance, or a related field. Relevant certifications (e.g., ACAMS) are preferred
What the job involves
- The Wise Platform FinCrime Senior Compliance Manager will lead the development and oversight of Wise Platform’s North America (NorthAm - consisting of US and Canada) financial crime program
- This role will be responsible for ensuring that all NorthAm policies, procedures, and risk assessment methodologies maintained are robust and effective in supporting Wise’s Platform products and partners
- The Wise Platform (WP) FinCrime Senior Compliance Manager will oversee WP governance framework on behalf of North America, review global and regional management information (MI) data and analyse trends providing feedback to 1st Line on specific risks, and monitoring and testing of WP specific frameworks
- This role will also play a key part in incident management and training initiatives, ensuring compliance with global standards incorporating regional requirements
- Establish and oversee 2nd Line policies and procedures for NorthAm Wise Platform fincrime program
- Review and enhance Wise’s risk appetite and risk tolerances for Platform products from a NorthAm perspective; a subset of the broader Group FinCrime Risk Appetite Statement to ensure Platform-related risks are appropriately managed
- Provide NorthAm input on the financial crime risk assessments ensuring that they accurately reflect the financial crime risks associated with the Platform/Platform Models
- Conduct quarterly monitoring and testing of onboarded North Am Platform Partners, ensuring that: (a) partners are onboarded with appropriate EDD as per the model type (b) that identified risks were appropriately mitigated and (c) that partners onboarded are within risk appetite threshold/tolerances
- Review and approve new or updated models, products or feature risk assessments from Product Compliance
- Provide NorthAm financial crime advisory on escalations from 1st Line teams
- Provide financial crime advice on risk appetite/ tolerance threshold queries, compliance related queries regarding procedures, fincrime issues or specific NorthAm WP control failures
- Participate in WP Fincrime Risk Committee being the SME for NorthAm WP financial crime related matters and risks
- Review Global Platform and NorthAm product MI on a monthly basis, reviewing MI trends and providing analytical reports of MI to NorthAm Compliance Officers (COs), relevant senior stakeholders and in WP Monthly planning meetings
- Review and maintain 2nd Line WP NorthAm specific escalation procedures for all fincrime teams for Platform related incidents and fincrime issues, overseeing and ensuring appropriate governance in tickets (COMPO and Audit Board) and incident channels
- Provide 2nd Line Platform-related training to NorthAm Compliance Officers/2nd Line, ensure that onboarding, reviewing, investigating, and reporting processes are structured for regional licences to understand Platform product and risks
- On an ad-hoc basis, provide support/training to NorthAm Compliance Officers to prepare for regulatory inspections, audit reviews, CMT reviews related to Wise Platform product
- On an ad-hoc basis, deliver tailored training to 1st Line teams on specific fincrime topics to relevant staff members, based on their roles and responsibilities
- Support Regional Compliance Officers for Banking Partner calls on understanding Wise Platforms Fincrime Program
- Support the Incident and Issue Management Lead in investigating Platform-related issues, ensuring accurate root cause analysis and effective remediation efforts
- Ensure that any findings or incidents are documented in Audit Board and that remediation plans are designed to mitigate future risks
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
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
$26.9m
SERIES D
Total funding: $397.3m
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.
Salary benchmarks
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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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