Partner Risk Monitoring 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

A minimum of 2+ years of relevant industry experience, ideally in financial services, compliance roles or at a financial services regulator
Expertise in compliance risk assessment and monitoring, ensuring thorough understanding and adherence to AML and CTF requirements
Proven ability to manage risk and provide informed advisory services to enhance Wise’s compliance strategies
Strong background in quality assurance, ensuring all due diligence documentation meets the necessary standards and is meticulously maintained
Excellent skills in investigating client profiles and documenting findings clearly and accurately
Demonstrated capability in effectively managing stakeholder relationships and maintaining resilience in a dynamic environment
Comprehensive understanding of compliance controls and the ability to apply them effectively in monitoring and advisory processes
Strong communication skills to convey compliance insights clearly
Have a deep understanding of different business models, customer types, country risks and regulatory requirements across multiple geographies
Maintain a high understanding of AML/CFT Regulations, KYC/B requirements and how these impact the business, as well as Wise products and Services

Responsibilities

Perform ongoing monitoring measures applicable to Wise Platform partners in accordance with internal policies and procedures
Assessing customers’ risks and applying risk-based approach methodologies
Perform ongoing risk monitoring on complex and high risk customers, document and provide thorough analysis on potential risks and apply appropriate mitigation measures by analyzing their business activities, compliance programs and controls
Assess the customer’s potential reputational and financial crime risk to Wise from Sanctions, PEP, and adverse media perspective
Escalate and report compliance concerns to Financial Crime Oversight and other compliance teams where necessary
Communicate with other internal teams when required to handle escalated or complicated cases
Provide guidance and responses to daily inquiries from peers, front-line and management regarding case analysis, when appropriate
Perform your tasks and responsibilities within the expected key performance indicators set by the leadership team

Skills

Key technologies and capabilities for this role

Risk MonitoringComplianceRegulatory RequirementsRisk AssessmentRisk-Based ApproachPartner MonitoringFinancial ComplianceAML

Questions & Answers

Common questions about this position

Is this position remote or on-site?

This is an on-site position.

What are the main responsibilities of this role?

The role involves performing ongoing monitoring of Wise Platform partners' compliance activities, assessing customer risks using a risk-based approach, analyzing potential risks for high-risk customers, and ensuring adherence to AML/CFT regulations and Wise's requirements.

What skills or knowledge are required for this position?

Candidates need a high understanding of AML/CFT Regulations, KYC/B requirements, different business models, customer types, country risks, and regulatory requirements across multiple geographies.

What is the team structure like for 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 is the salary or compensation for this role?

This information is not specified in the job description.

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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