Senior Risk Manager, Wise
Assets
£85-115k
1-5 days a week in office (The Tea Building, London)
Money without borders
Be an early applicant
Money without borders
1001+ employees
Be an early applicant
£85-115k
1-5 days a week in office (The Tea Building, London)
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
- 7-12 years of experience in risk management for EU and/or UK financial services institutions
- Preferable experience working in a 2LOD risk management role for Investment companies in the EU
- Experience implementing enterprise risk management programs for financial services institutions
- Experience aligning to the other key risks across the risk taxonomy, including operational, financial and strategic risk as well as intersecting risks
- A strong understanding of systems, management information, and reporting systems
- A demonstrated track record of second line of defence independence and challenge/ escalation where concerns are felt
- An ability to work independently and flexibly within a fast-moving environment
What the job involves
- We’re looking for a Senior Risk Manager to join the EU and UK Wise Risk team and focus on enabling our Wise Assets product to meet its strategic objectives. This is a second line role and will report into the Head of Risk - EU & UK
- You will partner with the Head of Risk - EU & UK and the wider Risk organisation in effectively delivering the Risk Management program for the Wise Assets product. You will be involved in all aspects related to Risk Management such as:
- Review, update and approval of policies owned by Risk Management (2LOD), ensuring these continue to meet business, stakeholder and regulatory expectations
- Helping to draft policies where gaps are identified, socialising as appropriate internally and seeing through to committee approval and implementation
- Implement the Enterprise Risk Methodology and Framework Policies, utilised for risk calculations across the company and localise these to meet EU and UK requirements
- Guide and oversight risk assessments completed for the Wise Assets business, including completion of risk assessments where required
- Responsible globally to compile risk insights from all regions for input into Global Group committees for effective risk management reporting, leveraging data to provide informed risk profiles and actionable insights
- Compile periodic risk reporting to the Wise Assets EU and UK governance committees, ensuring reports are data based, risks are well understood and appropriate actions are taken to reduce unacceptable exposures
- Reporting on instances where the risk management framework has not been properly implemented or is not functioning as expected
- Reporting on risks trending outside of the defined appetite or are not aligning with the established risk profile
- Provide qualitative and quantitative reporting on issues and incidents impacting the Wise Asset EU and UK business, including remediation plans, progress updates and escalation where required
- Assist risk/control owners, product managers and wider parts of the group in correctly utilising the risk management methodology
- Drive the mapping of controls and oversight control assurance activities to ensure controls are operating effectively
- Deep dive product solutions, providing risk advice on optimal risk mitigation strategies to support growth
- Helping to track and deliver progress against our EU and UK Risk Management programme, including execution, and remediation milestones
- Monitoring the output of internal audit and 2nd LOD oversight functions and coordinating any inputs needed from Risk in the matters of issue/incident remediation plans that impact standing risk exposures
- Own issue management for the Wise Assets product, driving remediation plans with 1LOD stakeholder, highlighting progress against risk remediation plans and ensuring Wise Assets proactively remediates risk in line with policy and standards established for the group
- Ensuring that the Wise Assets business is appropriately complying with regulations applicable to 2LOD risk teams and that the function operates suitable systems and controls. This would also include your involvement in driving efficiency where possible through automation, tooling and process improvements
- Keeping up to date with industry developments and regulations relating to risk governance
- Develop and coordinate the delivery of risk training across Wise Assets EU and UK with the support of the wider risk organisation
- Liaise with the global risk functions as well peer regional business units as appropriate
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
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
$25.6m
SERIES D
Total funding: $396m
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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