Partner Risk Assessment Specialist - APAC at Wise

Singapore

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Not SpecifiedCompensation

Mid-level (3 to 4 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 2+ years of financial services industry compliance experience, preferably at a bank, trading, payments, or fintech institution
Skilled in investigation and business notation, specializing in evaluating risk assessments and compliance documentation, able to make decisions based on these
Proven experience onboarding large enterprises to financial platforms, effectively managing complex organisational structures and processes
Strong capabilities in documenting business processes and compliance measures with clarity and precision
Understanding of risk-based approaches

Responsibilities

Conduct thorough and detailed due diligence on banks and online platforms to assess their compliance with regulatory requirements, internal policies, and industry standards
Review partners’ documentation, including Know Your Customer (KYC) information, legal agreements, and other relevant materials to ensure accuracy and completeness
Document findings in compliance memos that summarize potential risks
Assist in the development and improvement of the compliance onboarding process to enhance efficiency and effectiveness
Manage the onboarding process for banks and online platforms, ensuring seamless integration with Wise Platform
Keep abreast of regulatory developments and industry best practices to ensure that the onboarding process aligns with the latest compliance standards
Develop and maintain strong relationships with partners to facilitate smooth onboarding and address any compliance-related queries or concerns
Evaluate and recommend appropriate monitoring controls based on the inherent risks identified during the onboarding process
Apply broad industry, operational risk, and regulatory knowledge to drive onboarding excellence
Collaborate with internal stakeholders, such as Legal, Risk Management, and Business Development, to obtain necessary information and approvals for client onboarding
Act as a SME to senior stakeholders and/or other team members related to Enterprise Due Diligence processes and compliance requirements

Skills

KYC

Compliance

Due Diligence

Risk Assessment

Policy Review

Regulatory Compliance

Documentation Review

Legal Agreements

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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