Deputy MLRO - Spain at Wise

Madrid, Community of Madrid, Spain

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

7+ years of experience in financial crime compliance, specifically in AML/CTF, with experience in fast-paced environments highly preferred
In-depth knowledge of relevant rules and regulations, including what local regulators expect in terms of industry standards
Domain expertise in Spanish financial crime regulations, risk management frameworks, and control environments, particularly in AML (KYC/CDD, Transaction Monitoring, Suspicious activity reporting, etc), CTF and Fraud
Demonstrable experience designing and proactively challenging processes and controls to promote a compliant yet practical approach to building and maintaining products
Strong communication skills
Thought deeply about Wise's mission and how it intersects with compliance

Responsibilities

Deputise for the MLRO when necessary, ensuring strong oversight of financial crime operations across AML/CTF, Fraud and Sanctions
Oversee the suspicious activity reporting processes, including establishing standards for receiving internal reports, making final decisions, and submitting external reports (SARs) to the relevant Reporting Authority
Maintain and oversee the financial crime policy framework and program, ensuring alignment with relevant and local regulatory requirements
Horizon scan for new financial crime regulations and guidance, identifying emerging regulatory developments, and overseeing the implementation of necessary changes
Provide assurance and challenge to First Line of Defence (1LoD) teams on financial crime controls, ensuring they are effective and aligned with Wise’s risk appetite and regulatory standards
Support product and business teams by advising on financial crime compliance for new products and features, ensuring controls meet requirements from the outset
Coordination and response to information requests from Internal Audit and the External Expert
Creation of risk assessment reports, both for the Branch's self-assessment and for the launch of new products
Support the creation and delivery of content shared with regulators (e.g. SEPBLAC's Annual Statistical Requirement), and support the MLRO as a liaison to the Financial Intelligence Unit and law enforcement bodies

Skills

AML

CTF

ABC

Sanctions

Fraud

KYC

CDD

EDD

SAR

Financial Crime Compliance

Regulatory Compliance

Risk Management

Policy Framework

Horizon Scanning

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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