Compliance Senior Specialist - Sanctions at Wise

Austin, Texas, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Technology, Fintech, ComplianceIndustries

Requirements

Minimum 2 years of sanctions experience
Strong knowledge of OFAC, UK and EU sanctions regulations
Strong attention to detail
Ability to multitask and manage multiple deliverables and a range of sanctions risk management responsibilities
Strong interpersonal, written and verbal communication skills
Conduct legal and investigative research utilizing open-source research systems
An understanding of SWIFT payments, trade finance and cross border payments
Proven track record of taking ownership and responsibilities as well as being a great team-player
High ethical standards, respect for confidentiality and privacy
Ability to persevere in a fast paced environment

Responsibilities

Investigate and provide final decisioning on escalated sanctions cases for Level 3 review
Use investigative tools and web research to analyze vessel movements, beneficial ownership, and potential sanctions links to discount or identify potential sanctions concerns
Prepare and review draft sanction filings including block and reject reports to HM Treasury, OFAC, EU and other jurisdictional regulatory agencies
Provide advice and subject matter expertise on sanctions related issues, acting as a point of escalation for teams within Wise
Help to facilitate governance over sanctions lists/screening framework
Identify sanctions compliance issues/concerns and make suggestions and/or take corrective action to implement solutions to improve controls/operations
Assist in the review of sanctions related regulatory examination and internal audit deliverables
Assist in the provision of sanctions related training for employees as needed
Assist with drafting sanctions procedures

Skills

OFAC

EU Sanctions

UK Sanctions

Sanctions Investigations

Transaction Review

Regulatory Reporting

Voluntary Self-Disclosures

Beneficial Ownership

Investigative Tools

Web Research

Vessel Tracking

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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