Financial Crime Product Compliance & Risk Senior Manager - AU/NZ at Wise

Sydney, New South Wales, Australia

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A$166,000 – A$220,000Compensation

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

Full TimeJob Type

UnknownVisa

FinTech, Financial ServicesIndustries

Requirements

Expert in FinCrime compliance and risk management, with a strong background in and knowledge of applicable regulation in AU/NZ
A natural owner, that drives and delivers projects from inception to completion, timely and with attention to detail
Strong communicator

Responsibilities

Creating and improving products in a compliant and scalable way: deeply understand Wise product and regulatory FinCrime needs in AU/NZ, support Product and other teams on interpreting FinCrime regulatory requirements, and improving processes, controls and product accordingly
Perform FinCrime risk assessments of new products and services, and ensure that related controls are implemented consistently prior to launch
Enable Product teams to adopt a risk-based approach in developing products, processes, and controls
Stay ahead of FinCrime trends and the regulatory agenda in AU/NZ
Identify and align with risk owners and second line of defence on the main FinCrime risks and issues in AU/NZ; present this clearly to wider teams, and work collaboratively to define and execute mitigation plans
Conduct regulatory gap analyses, define and scope required actions to remediate gaps, and take ownership over ensuring implementation plans are executed in a timely manner
In collaboration with global teams, identify opportunities to maximise synergies and drive consistency and scalability by leveraging programs of work already executed or in flight across the Wise Group
Manage audits, and (where required) challenge audit findings in collaboration with Product and second line of defence Risk and Compliance teams
Develop remediation plans for audits, and ensure they are agreed upon and executed promptly

Skills

Key technologies and capabilities for this role

Financial Crime ComplianceProduct ComplianceRisk ManagementFinCrime RegulationsAU/NZ RegulationsRegulatory ComplianceProduct Management

Questions & Answers

Common questions about this position

What is the salary range for this position?

The salary range is 166,000 - 220,000 AUD per annum, plus RSUs and Super.

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 FinCrime requirements and regulator expectations in AU/NZ, ability to perform FinCrime risk assessments, and skills in regulatory gap analyses and remediation.

What is the team structure for this role?

This is a hands-on first line of defense role embedded in the APAC Product Squad, working together with the team in AU/NZ.

What makes a strong candidate for this position?

Strong candidates exhibit a high degree of ownership, a structured approach to mitigating financial crime risks, and the ability to balance compliance with excellent customer experience while enabling product launches.

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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