Regulatory Compliance Manager, Wise
Investments
£65-85k
+ Stock options package
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
£65-85k
+ Stock options package
More information about location
1-5 days a week in office
1001+ employees
Company mission
We believe in money without borders. That's why we're building the best way to move and manage the world’s money. Min fees. Max ease. Full speed.
Role
Who you are
- Our ideal candidate will have a background in regulatory compliance, great communication and organisational skills, tons of motivation and positivity. More specifically, we’re looking for someone who can demonstrate they have these attributes:
- Theory. You have a working knowledge of regulatory requirements relating to investment businesses and payment services (although not required), excluding financial crime regulations
- Practice. You have worked in a Compliance Team, preferably within the second line (2LOD) and are familiar with the FCA Handbook related to investment firms (COBS, PROD, PRIN, COCON, FIT, DISP and SYSC)
- Passion. You are a problem-solver. You get a kick out of finding innovative solutions and collaborating with different teams to deliver a mission
- Get the job done. You have a sense of urgency and an ability to work well under pressure, prioritising, taking responsibility and communicating priorities effectively to others
- Communication. You’re a strong relationship builder across all levels of the business and externally. You have the ability to influence others and empower teams to strengthen their compliance processes to mitigate risks
- Development. You’ve considered the challenges and development opportunities of working at a fast growing scale-up and are looking to get into FinTech or investment compliance. Here’s a taster of what it’s like working at Wise
What the job involves
- Compliance assurance and Conduct
- Create and maintain policy and guidance documentation to assist Wise in complying with its regulatory requirements relating to Conduct
- Advise on customer care issues and assist in closing regulatory gaps identified across by 3 LOD
- Provide compliance awareness, training and insight to the wider business on Conduct requirements
- Conduct second line review of Customer Care escalations and Customer Care Impact Assessments (CDIAs)
- Conduct second line review of marketing escalations and provide guidance on best practices for marketing communications
- Ensure compliance with SMCR requirements, including advising on the Fit and Proper framework, Reasonable steps framework and SMCR obligations mapping
- Support and inform the UK Regulatory Oversight lead with planning, strategic projects and implementation of new regulations relating to Conduct
- Conduct applicability assessments for upcoming changes identified in the UK horizon scanning
- Support first line teams to identify and mitigate regulatory risks
- Work closely with the wider regulatory team to manage our policy framework, regulatory engagement and reporting
- This role will give you the opportunity to:
- Develop an in-depth knowledge of Wise’s business and get to know many teams across the company as you liaise with them to help them understand the regulatory framework and bring together the information that our regulators need
- Help keep compliance right at the heart of our business by helping the team understand and comply with applicable regulatory requirements
- Implement innovative and creative compliance solutions with a technology and customer focused approach to help us achieve the Wise Mission
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. Its attracted investment from some of the best investors in the world, from Andreesen Horowitz to Index Ventures and even Richard Branson.
While the market is crowded with new entrants (think Revolut and Monzo) and traditional banks trying to catch up, Wise is still staying one step ahead having recently opened a new hub in India and new payment features as well as reporting a rise in key metrics on higher volume and customer growth. This continued growth positions the company well for continued success in the future.
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
$27.4m
SERIES D
Total funding: $397.8m
Company HQ
London, UK
Articles
Leadership
Taavet Hinrikus
(Co-Founder & Chairman)Previously Director of Strategy for Skype.
Kristo Käärmann
(Co-Founder & 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 and Chief Banking and Expansion Officer.
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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