Banking and Regulatory Expansion Lead, Wise
Europe
ÂŁ100-130k
1-5 days a week in office
Money without borders
Be an early applicant
Money without borders
1001+ employees
Be an early applicant
ÂŁ100-130k
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
- At least 7 years of experience working with payment regulations ideally in a product-focussed or commercial environment
- Comfortable with working across various UK and European regulatory environments including the ability to analyse and interpret complex regulatory frameworks and apply them effectively
- The ability to quickly become familiar with new regulations and be able to compare and contrast them with regulations in other markets including applicable financial crime, passporting and payment regulations in Europe
- A good understanding of how money movement and payment systems work and the regulations that govern them including payment system regulations across Europe including the SEPA rulebook and PSD2
- Ability to effectively communicate with Product Managers and Engineers and provide practical, actionable, and value added recommendations
- Problem solving attitude, with the ability to use regulations together with data to drive business decisions
- Commercial acumen to be able to negotiate with regulators, bank partners, payment systems to be able to drive the best outcome for Wise and our customers
What the job involves
- As part of our team, you will be helping us create an entirely new network for the world's money. This role has a focus on deepening our product in Europe with a focus on money movement in European currencies
- This role is a unique opportunity to solve complex regulatory problems whilst being part of a product team focussing on growth
- We want you to help us expand and deepen the Wise account in Europe, in particular, working with our regulators and bank partners to help us localise the product in various European markets. As part of this, you will:
- Determine the best and most scalable way for Wise to expand across Europe in both EU and Non-EU markets including how to best leverage EU branch passporting requirements and defining the ideal regulatory setup to ensure we comply with all applicable regulatory requirements
- Build relationships with European central banks and regulators to allow Wise to localise it’s existing European product into key European markets such as Spain, France, Germany (and eventually everywhere in Europe) in a compliant and cost-effective way in order to offer future features such as local account details/IBANs and local country specific payment methods
- Work with our product managers, engineering leads and other colleagues to define the best direction for Wise in Europe and take responsibility to expand Wise across Europe through successful regulatory expansion
- You’ll also take ownership on maintaining and improving banking partner relationships across Europe. You’ll work as part of a team who will:
- Lead commercial and relationship discussions with partners and monitor our economics on global routes to ensure we offer the most sustainable and competitive service in the market
- Create new opportunities within existing relationships with financial institutions and payment systems in Europe to ensure we continuously improve our product (i.e. increase speed, reduce costs, add more visibility to our transactions, etc
- Help us integrate directly with payment systems across Europe including defining the ideal regulatory setup to allow Wise to operate as efficiently as possible
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
$26.1m
SERIES D
Total funding: $396.5m
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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