Compliance Senior Manager - Japan at Wise

Tokyo, Japan

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Seasoned professional with in-depth compliance expertise and commercial foresight
Natural problem-solver passionate about building efficient and effective risk management programs
Ability to communicate solutions clearly to a wide range of stakeholders
Experience working with regulators such as KLFB and FSA (implied by role responsibilities)

Responsibilities

Maintain Wise's licences for Japan: (i) regulatory reporting and filing, (ii) regulatory liaison, and (iii) leading audits with the regulator
Build trust with regulators: manage and coordinate meaningful reporting internally and externally, respond to information requests, and proactively communicate product changes and notifiable events
Conduct regulatory analysis and horizon scanning for Japan, assess the impact of changes, advise product teams, and drive implementation of required updates
Respond to regulatory compliance and Wise Platform escalations and requests from 1LOD, Product, and Partnership teams
Review and approve Wise Platform partners and perform oversight on Wise Platform partner risks
Manage and oversee compliance with local obligations, including monitoring and overseeing the mapping of controls and assurance activities, and providing guidance and challenge to 1LoD teams on the development of controls and new products or features to ensure they are effective and compliant with local laws and regulations
Provide compliance advisory to Wise Platform teams and lead regulatory engagements
Work closely with multidisciplinary teams across Wise (Product, Banking, Operations in APAC, Estonia, and London) to advise on new regulations and emerging risks, ensure compliant product launches, and oversee regulatory and financial crime controls
Externally defend Wise’s compliance program to regulators, law enforcement, and partner banks

Skills

Regulatory Compliance

Compliance Advisory

Financial Crime Controls

Risk Management

Regulatory Relationships

Product Compliance

Banking Regulations

FSA

KLFB

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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