KYC Operations Associate Analyst at Wise

Budapest, Hungary

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Not SpecifiedCompensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Excellent verbal and written English skills (additional language skills are a plus) with the ability to clearly articulate your thoughts
A minimum of 1+ years of experience in Operations (preferably in CDD/EDD/AML or compliance roles)
Basic knowledge of global KYC/AML compliance regulations and standards
Ability to take decisions

Responsibilities

Conduct initial and ongoing Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reviews, making risk-based decisions to meet risk mitigation standards
Collect, analyze, and verify customer information against KYC/AML guidelines, including identity documents, online company registries, complex business structures, ultimate beneficial ownership, source of wealth documentation, and adverse media screening
Review customer transaction history to identify behavior patterns indicating risks
Conduct periodic reviews, analyzing changes in customer history and account usage
Ensure customer records are accurate, updated, and maintained with organized documentation, complying with data privacy regulations and internal data security protocols
Perform and document customer risk assessments based on gathered information
Escalate activities exceeding internal risk tolerance to relevant teams
Identify potential money laundering and fraudulent activities, filing Suspicious Activity Reports with proper documentation and rationale
Communicate effectively with customers through phone, email, and chat, providing service and support
Perform tasks within key performance indicators (KPIs) set by leadership, handle other position-related tasks assigned by lead, and participate in meetings, training, and internal/external events

Skills

KYC

AML

Customer Due Diligence

Enhanced Due Diligence

CDD

EDD

Risk Assessment

Customer Onboarding

Identity Verification

Ultimate Beneficial Ownership

UBO

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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