Senior Product Compliance Manager, Wise
Financial Crime
£87.5-115k
More information about location
1-5 days a week in office
Money without borders
Be an early applicant
Money without borders
1001+ employees
Be an early applicant
£87.5-115k
More information about location
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 are looking for a candidate with a proven track-record in implementing effective and customer-centric business onboarding controls
- Minimum 5 years experience working in financial crime controls in a financial institution, FinTech or consulting firm
- Strong experience in UK financial crime regulation and guidance, including Money Laundering Regulations, Proceeds of Crime Act and JMLSG
- Experience in implementing financial crime controls for businesses
- A natural owner that drives and delivers projects from inception to completion, timely and with attention to detail
- Collaboration skills with stakeholders including Product, Engineering and Operations
- Ability to interpret data and create actionable insights/ proposals
- Proven ability to translate regulatory requirements into actionable business requirements
- A sense of camaraderie and good humour while working under pressure or to tight deadlines
- An understanding of how to implement and monitor Key Risk Indicators (KRIs)
- Willingness to occasional travel to our offices in Europe
What the job involves
- This new role sits within our UK Product Compliance and Risk team which is part of the 1st line of defence
- The need for this role comes from the rapid growth of our product and offerings as well as the increasing challenges we face across financial crime in the UK
- This is a unique opportunity to get hands-on with the controls, products and features that directly impact Wise’s mission
- Control design:
- Help drive the launch of new products and services by implementing financial crime requirements in a customer-oriented way whilst at the same time, adhering to regulatory requirements
- Drive financial crime control enhancements across the Wise business product, ensuring a first class experience for customers that is both compliant and convenient
- Ensure that controls scale with the product by developing ongoing review and monitoring processes. Support in keeping Wise and its customers compliant, introducing measures to mitigate the risk of financial crime
- Identify and drive enhancements that could improve our customer experience, unlock growth and improve our operational processes
- Use data to define the effectiveness of controls across the UK and work with the regional team to identify key risks
- FinCrime risk and remediation:
- Advise Product and Operational teams on how to interpret financial crime regulations in the UK or to improve processes in order to avoid regulatory breaches or incidents
- Conduct risk assessments, using data to evaluate the level of risk we are exposed to and mitigation efforts needed
- Work with internal and external audit partners to explain and defend our FinCrime controls
- Third party relationships:
- Represent Wise in external meetings with banking partners and regulators - being able to explain our products, controls and processes
- Represent Wise at industry and public body events. Building relationships with our peers and partners, sharing best practices and keeping abreast of FinCrime risk
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
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