Financial Crime Reporting Specialist (focused on suspicious activity reporting) at Wise

Budapest, Hungary

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Not SpecifiedCompensation

Junior (1 to 2 years), Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Able to communicate clearly and professionally in English (other languages are a plus)
Previous experience in a financial crime-related field (AML, fraud detection) is a plus, but not required; highly detail-oriented, willing to learn, and have transferable skills
Strong attention to detail: ability to handle routine tasks with high accuracy and maintain consistency in work product, even under pressure
Analytical skills: ability to analyze financial transactions, identify patterns, and make informed decisions based on regulatory requirements and risk factors
Strong written and verbal communication skills, particularly for drafting clear, detailed reports
Time management: ability to work effectively under tight deadlines and manage multiple priorities with precision and accuracy
Ethical integrity: a strong understanding

Responsibilities

Review and analyse customer accounts and transaction patterns for unusual or suspicious activity, identify potential red flags related to money laundering, fraud, or other financial crimes; provide input on process improvements and backlog exercises
Prepare suspicious activity reports: draft and submit reports based on findings, ensuring that all necessary details are accurately documented and submitted in compliance with regulatory requirements
Collaborate: work closely with other financial crime and compliance teams and departments to ensure that suspicious activities are properly investigated, documented, and reported; act as a point of escalation for complex cases from other operations teams, providing guidance and expertise
Adhere to regulatory guidelines: stay up-to-date on financial crime regulations, laws, regional best practices, and related reporting requirements
Maintain confidentiality: safeguard sensitive information, ensuring all reports and documentation are handled with the highest level of confidentiality and integrity
Communicate: liaise with financial institutions and law enforcement agencies as needed
KPIs: take a proactive approach to consistently achieve individual and team targets (KPIs, SLAs, QA), demonstrating a strong commitment to both quality and speed, including meeting deadlines reliably, optimizing processing times, and taking full ownership and accountability for all responsibilities to deliver exceptional results
Continuous learning: participate in training sessions and remain knowledgeable about emerging trends and tools in financial crime detection

Skills

Suspicious Activity Reporting

SAR

Financial Crime Investigations

Money Laundering Detection

Fraud Analysis

Transaction Monitoring

Regulatory Compliance

AML

Customer Account Review

Red Flag Identification

Process Improvement

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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