Compliance Officer at Wise

Hong Kong

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

In-depth knowledge and experience in fincrime compliance (KYC, AML, Sanctions, Fraud)
Strong organisational and communication skills
Excitement and desire to learn
Ability to work on-site in Hong Kong (full-time)

Responsibilities

Manage and oversee compliance with Hong Kong Financial Crime obligations, including mapping of controls and monitoring/assurance activities
Assist in the update and maintenance of local policies, procedures, and controls in compliance with local laws and regulations
Collaborate on horizon scanning by documenting regulation updates, emerging typologies/threats, and external process changes, and communicate to relevant teams/stakeholders
Build and maintain relationships with 1LOD FCC & KYC Operations colleagues to oversee key processes, SLAs, QA, emerging risks, resource challenges, program changes, incidents, and mitigation plans
Respond to financial crime escalations and requests from 1LOD, Product, and Partnership teams
Provide guidance and challenge to 1LOD teams on developing financial crime controls and new products/features to ensure effectiveness and compliance
Work closely with internal stakeholders to collaborate on quarterly and annual objectives
Engage with regulators, bank partners, and law enforcement to demonstrate and defend Wise’s FCC Program
Assist with various compliance-related projects and tasks as required
Maintain Hong Kong regulatory authorisations and ensure they remain appropriate for product offerings/features
Manage and strengthen relationships with regulators (e.g., C&ED, HKMA) by overseeing regulatory requirements and how they are met through products, processes, and controls

Skills

Compliance

Regulatory Affairs

AML

KYC

Sanctions

Financial Crime

Risk Management

HKMA

C&ED

Fintech

Wise

Facilitates low-cost international money transfers

About Wise

Wise focuses on international money transfers, providing a low-cost alternative to traditional banks. It uses a peer-to-peer system to match transfers between users in different countries, which helps reduce fees and offers better exchange rates. Customers pay a small, transparent fee for each transaction, and Wise also offers a multi-currency account for managing funds in various currencies. The company aims to maintain high performance and reliability while ensuring transparency and trust with its users.

London, United KingdomHeadquarters

2011Year Founded

$385.5MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

5,001-10,000Employees

Benefits

PTO & annual leave

Work from home flexibility

Parental leave

Medical insurance plans

Health & wellbeing discounts

Pension & retirement plans

Social events

Relocation support

Risks

Increased competition from banks integrating Swift services could challenge Wise's market share.

Regulatory scrutiny following Stenn's collapse may increase pressure on Wise.

Bitcoin's low transaction fees could attract customers away from Wise's services.

Differentiation

Wise offers a peer-to-peer system for low-cost international money transfers.

The company provides a multi-currency account for ex-pats, freelancers, and travelers.

Wise's transparent fee structure attracts customers seeking cost-effective money transfer solutions.

Upsides

Partnership with Morgan Stanley enhances Wise's cross-border settlement capabilities.

Expansion into India's remittance market presents significant growth opportunities for Wise.

API integrations offer additional revenue streams and market penetration for Wise.

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