Head of Fraud & Financial Crime Risk, Wise
£115-160k
1-5 days a week in office
Money without borders
Open for applications
Money without borders
1001+ employees
Open for applications
£115-160k
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
- Bachelor's degree in Finance, Economics, Business, or a related field. Advanced degree preferred
- Extensive experience (12+ years) in financial crime risk management, with a specific focus on fraud models and controls
- A strong understanding of financial crime typologies, taxonomies, and control frameworks
- Understanding of global regulatory regimes and experience of designing and implementing financial crime frameworks to meet multi-jurisdictional requirements
- A proven track record of developing and leading high-performing teams
- Experience with regulatory requirements and industry best practices in financial crime risk management
Desirable
- A professional certification in fraud examination (e.g., CFE) or financial crime (e.g., CAMS) is highly desirable
What the job involves
- We’re looking for a Fraud & Financial Crime - Risk Lead to develop and lead a second line team to provide constructive challenge and oversight of risks and controls across the wider financial crime domain
- Fostering a culture of proactive risk management through development and monitoring of sound KRIs, incidents, issues and remediation plans
- Reviewing and enhancing existing financial crime related risk frameworks
- Ensure all models related to financial crime are formally documented, approved and follow good model standards including data governance, assumptions, backtesting and model change management
- Team Development and Leadership. Develop, coach and lead a second line team focused on financial crime risk globally
- Governance and Change Control. Provide effective second line risk oversight and challenge to ensure financial crime risk is managed within its defined appetite and that financial crime controls are designed and operate effectively
- Risk Advisory & Oversight. Provide 2 LOD risk oversight on classification, management and remediation of fincrime related risk incidents and KRI breaches (e.g. RAS KRIs)
- Risk and Control Oversight. Ensure taxonomy, and control libraries are comprehensive and well-documented and go through effective governance
- Models and Risk Oversight. Build appropriate governance and frameworks necessary for model risk management related to financial crime models
- Risk Monitoring. Provide oversight and challenge to quarterly risk assessments at the financial crime risk committee and drive the focus on the right topics
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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