Senior Manager, Fincrime Compliance at Wise

Sydney, New South Wales, Australia

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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

Seasoned professional with in-depth financial crime compliance expertise
Commercial foresight
Natural problem-solver passionate about building efficient and effective risk management programs
Ability to communicate solutions clearly to a wide range of stakeholders

Responsibilities

Manage and oversee compliance with Australia and New Zealand Financial Crime obligations, including monitoring and overseeing the mapping of controls and assurance activities
Provide guidance and challenge to 1LoD teams on the development of fincrime controls and new products or features to ensure they are effective and compliant with local laws and regulations
Support FinCrime Governance, advising the Management and Supervisory Boards on financial crime risks, control effectiveness, and resource adequacy through clear, comprehensive reporting
Oversee and enhance the local AML/CTF framework, including maintaining all entity-specific policies or local addendum to group policies, the Financial Crime Risk Assessment (FCRA), and internal controls
Conduct regulatory analysis and horizon scanning for Australia and New Zealand, assess the impact of changes, advise product teams and drive the implementation of required updates
Build and maintain relationships with 1LOD FCC Operations colleagues to ensure oversight of key processes, SLAs, QA, emerging risks, resource challenges, program changes, incidents and mitigation plans
Respond to financial crime escalations and requests submitted from 1LOD, Product and Partnership teams
Work closely with internal stakeholders to collaborate and contribute to quarterly and annual objectives
Engage with regulators, bank partners and law enforcement to demonstrate and defend Wise’s FCC Program
Assist with various compliance related projects and tasks as required

Skills

Key technologies and capabilities for this role

Financial Crime ComplianceAMLKYCSanctionsFraud PreventionRegulatory ComplianceAUSTRACDIARisk ManagementRegulatory Reporting

Questions & Answers

Common questions about this position

Is this role remote or on-site?

This is an on-site role based in Sydney.

What is the salary for this Senior Manager position?

This information is not specified in the job description.

What key skills are required for this role?

The role requires in-depth financial crime compliance expertise, commercial foresight, problem-solving abilities, and strong communication skills to engage with stakeholders, regulators, and multidisciplinary teams.

What is the team structure like for this position?

You will work with a growing team of multidisciplinary specialists in Product, Banking, and Operations across APAC offices, Estonia, and HQ in London, collaborating closely with first line Fincrime Operations, Product, and Banking teams.

What makes a strong candidate for this Senior Manager role?

A strong candidate is a seasoned professional with deep financial crime compliance expertise (KYC, AML, Sanctions, Fraud), experience managing regulatory relationships like AUSTRAC and DIA, and the ability to provide commercial advice on risks, controls, and new products.

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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