Financial Crime Product Compliance & Risk Manager - South-East Asia at Wise

Singapore

Apply Now

SGD 114,000 – SGD 150,000Compensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, Financial ServicesIndustries

Requirements

Expert in financial crime compliance, with a background in Financial Crime Regulation in one or more countries in South-East Asia
Previous hands-on experience in FinTech or a previous financial regulation role (e.g., consultancy, Compliance)
Ability to analyse and interpret complex regulatory frameworks and apply them effectively
Problem-solving attitude, with the ability to use regulation together with data to drive business decisions
Strong executor that drives and delivers cross-functional projects from inception to completion, timely and with attention to details
Fluency in English
Legally authorised to work in Singapore
Willingness to travel, as Wise offices

Responsibilities

Deeply understand regulatory FinCrime needs, translate them into solutions, and work with Product Teams to build compliant new products and services in a customer-oriented way
Perform FinCrime risk assessments of new products and services, and ensure related controls are implemented consistently prior to launch
Enable product teams to adopt a risk-based approach in developing products, processes, and controls
Support Product and other teams on interpreting regulatory FinCrime requirements, and improve processes and products to avoid regulatory breaches and/or incidents
In collaboration with second line Compliance and Risk teams, identify and align on main FinCrime issues and risks in South-East Asia; present them clearly to wider teams and define solutions and execution
Escalate breaches and FinCrime risks to Compliance Oversight to maintain an enterprise-wide view of Wise’s FinCrime risk environment
Identify related risk typologies and ensure relevant specialist teams (e.g., Financial Crime subteams) provide input into the product lifecycle
Assist Product Teams in developing and maintaining track of relevant risks across their product, including mitigation plans, action owners, and timelines to completion
Represent Wise in external meetings and articulate Wise’s FinCrime framework clearly and effectively
Provide input on FinCrime-related matters, representing Wise's customer-oriented culture while ensuring compliance

Skills

Key technologies and capabilities for this role

FinCrime ComplianceRisk AssessmentRegulatory ComplianceProduct ComplianceFinancial Crime RiskControls ImplementationRegulatory Risk ManagementAMLKYC

Questions & Answers

Common questions about this position

What is the salary range for this position?

The salary range is SGD 9,500 - 12,500 per month plus RSUs.

Is this role remote or on-site?

This is an on-site position.

What key skills are required for this role?

The role requires a deep understanding of regulatory FinCrime needs, ability to perform FinCrime risk assessments, interpret regulatory requirements, and collaborate with product and compliance teams.

What is the team structure for this position?

This is a first line Product Compliance & Risk role embedded in the APAC Product Squad, working closely with the FinCrime Squad and second line Compliance and Risk teams.

What makes a strong candidate for this role?

A strong candidate has hands-on experience in FinCrime compliance, can translate regulatory needs into customer-oriented product solutions, perform risk assessments, and collaborate effectively across product, compliance, and risk teams in South-East Asia.

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.

Land your dream remote job 3x faster with AI

Try Jobo Free