Group Wise Platform Compliance Senior Manager - Correspondent Services at Wise

London, England, United Kingdom

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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

(Not explicitly listed in provided job description)

Responsibilities

Build and maintain 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 strategic projects from the second line’s perspective to support the compliant growth of Wise Platform’s business
Advise on scalable solutions to enhance Wise Platform’s onboarding and ongoing monitoring processes
Review global MI and KRIs for Wise Platform and perform trend analysis to identify emerging risks
Review and approve product risk assessments from a group perspective and coordinate regional reviews as needed to provide a single feedback from second line compliance
Create and review 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
Provide financial crime advisory to first line teams on global escalations, control enhancements, product and/or market expansions
Support the UK Compliance Team in reviewing partner onboardings and performing initial due diligence on UK Platform issues/incidents before DMLRO review
Ensure effective governance around all issues and incidents through appropriate escalations, incident channels and clear documentation in Jira and Audit Board
Coordinate the second line response and lead the root cause analysis for global Wise Platform incidents including collaborating with impacting regions on an effective remediation plan
Manage 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
Provide support to regional Wise Platform Compliance Officers in respect of External stakeholder management (e.g. Banking Partners); and Regulatory, audit and CMT reviews
Support regional Wise Platform Compliance Officers in performing global read-across of local issues to identify wider impact across all Wise entities

Skills

Key technologies and capabilities for this role

Financial Crime ComplianceCompliance Program ManagementPolicy DevelopmentGovernanceRisk ManagementIncident ManagementRegulatory ComplianceStrategic ProjectsPartner OnboardingAMLFrameworks

Questions & Answers

Common questions about this position

Is this role remote or on-site?

This is an on-site position.

What are the key responsibilities of this role?

The role involves developing and overseeing Wise Platform’s Group financial crime compliance program, including building second line policies, frameworks, and procedures, leading strategic projects, risk management, and supporting incident management.

What is the salary or compensation for this position?

This information is not specified in the job description.

What is the team structure like at Wise Platform?

Wise Platform is a cross-functional team across sales, account management, product, engineering, compliance, analytics, and many other functions, based across the world from London to Singapore, Austin, and beyond.

What skills or experience make a strong candidate for this role?

Strong candidates will have expertise in financial crime compliance, experience building policies and frameworks, risk management including MI/KRI analysis and product risk assessments, and ability to provide advisory support on escalations and incident management.

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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