Group FinCrime Platform Manager (Wise Platform) - Correspondent Services at Wise

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

FinTech, Financial ServicesIndustries

Requirements

3-5 years in financial crime compliance, with experience in correspondent banking and products from an AML/CFT perspective
Strong knowledge of global financial crime regulations and international recommendations, with a particular focus on correspondent banking services
Excellent communication, both written and verbal, with the ability to engage effectively with stakeholders across different functions and levels of seniority
Strong analytical skills with the ability to interpret complex data and produce clear and concise reports
Bachelor’s degree in law, finance or other related area. Additional certifications such as ACAMS or ICA are beneficial

Responsibilities

Support the building and maintenance of second line policies, frameworks and procedures for Wise Platform’s Group financial crime compliance program, including coordinating regional input to take account of local requirements
Lead on the day-to-day oversight of Wise Platform’s governance, with particular focus on the onboarding and ongoing monitoring processes and their effectiveness at Group level in managing partner risks
Provide financial crime advisory to first line teams on global escalations, control enhancements, product and/or market expansions
Review global MI and KRIs for Wise platform and perform trend analysis to identify emerging risks
Review and challenge product risk assessments from a group perspective and coordinate regional reviews as needed to provide a single feedback from second line compliance
Support in the development and review of Wise Platform risk frameworks, including onboarding flows, partner risk assessments models, ongoing monitoring frameworks and risk tolerance frameworks and thresholds aligning to Wise’s overall risk strategy and across all Wise Platform integration types
Support the review and analysis from the second line’s perspective of all issues and incidents through appropriate escalations, incident channels and clear documentation in Jira and Audit Board
Coordinate the second line response and support the root cause analysis for global Wise Platform incidents including collaborating with impacting regions on an effective remediation plan
Oversee global Wise Platform issues (audit and regulatory findings, self-identified issues) and collaborate closely with all impacted regions on the remediation plan and second line review confirming effective remediation
Document and maintain issues and incidents in Audit Board with risk assessment, remediation plan and status updates

Skills

Key technologies and capabilities for this role

Financial Crime ComplianceRisk ManagementPolicy DevelopmentOnboardingOngoing MonitoringKRI AnalysisMI ReviewGovernanceIncident ManagementTrend AnalysisProduct Risk Assessment

Questions & Answers

Common questions about this position

Is this role remote or on-site?

This is an on-site position.

What is the salary range for this position?

This information is not specified in the job description.

What are the key responsibilities for this role?

Key responsibilities include supporting the building and maintenance of second line policies for financial crime compliance, leading oversight of governance focused on onboarding and monitoring processes, providing advisory to first line teams, reviewing global MI and KRIs for risk analysis, and supporting incident and issue management.

What is the company culture like at Wise?

Wise is a global technology company focused on building the best way to move and manage the world’s money with min fees, max ease, and full speed, aiming to create a new network for the world's money for everyone, everywhere.

What makes a strong candidate for this role?

A strong candidate would have expertise in financial crime compliance, experience in policy development and oversight, skills in risk management and trend analysis, and the ability to handle incident management and cross-regional coordination.

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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