Third Party Risk Senior Regional Liaison - APAC at Wise

Singapore

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Technology, FintechIndustries

Requirements

Expertise in Third Party Risk Management (TPRM) frameworks and policies
Strong knowledge of local regulatory requirements in APAC regions related to third-party risk and outsourcing
Experience in risk oversight, including quarterly risk assessments (RCSA), key risk indicators, and control monitoring
Ability to interpret and communicate group policies and their impact on local entities
Skills in localization of TPRM, including regulatory mapping, remediation oversight, and managing outsourcing registers
Capability to support expansion, license requests, and IntraGroup risk activities like materiality assessments and exit strategies
Experience liaising with stakeholders across management levels, including 2L Risk and Compliance, Regional Banking and Product teams, Regional Operational leadership, and Internal Audit
Proficiency in identifying policy deviations, escalating issues, and proposing corrective actions

Responsibilities

Act as the primary representative for the group's Third Party Risk framework in allocated APAC entities and regions
Ensure adherence to group third-party management policies and local regulatory requirements
Serve as key liaison between central Third Party Risk function and regional entities
Guide local entities on policy implementation and local regulatory interpretations related to Third Party Risk
Support IntraGroup risk activities, including materiality assessments and exit strategies
Own localization of TPRM, including local regulatory mapping, regulatory remediation oversight, and managing outsourcing registers
Support expansion and license requests by providing TPRM framework input and coordinating adoption of group policies and local annexes
Assist with local quarterly risk assessments (RCSA) and third-party key indicators, interpreting group stance and assessing impacts
Maintain oversight of local controls for third-party risk management, ensuring compliance with group policies and regulations
Identify and escalate deviations from policies or regulations, proposing corrective actions
Serve as primary Third Party Risk representative in local Business Reviews/Committees and own the Third Party Risk Regional Sync
Collaborate with local stakeholders and second line of defense to align with group TPRM policy and understand risk posture

Skills

Key technologies and capabilities for this role

Third Party Risk ManagementTPRMRisk FrameworkRegulatory CompliancePolicy ImplementationStakeholder ManagementRisk AssessmentIntraGroup Risk

Questions & Answers

Common questions about this position

Is this role remote or on-site?

This is an on-site position.

What is the salary or compensation for this role?

This information is not specified in the job description.

What key skills or experience are required for the Third Party Risk Senior Regional Liaison role?

The role requires expertise in Third Party Risk Management (TPRM), knowledge of regulatory compliance, policy implementation, risk assessments (RCSA), and acting as a liaison between central functions and regional entities.

What is the company culture like at Wise?

Wise is a global technology company focused on building the best way to move and manage money with min fees, max ease, and full speed, aiming to create a new network for the world's money for everyone, everywhere.

What makes a strong candidate for this position?

Strong candidates will have deep expertise in TPRM frameworks, experience with regulatory compliance and localization across APAC regions, and the ability to liaise effectively with stakeholders including Risk, Compliance, Banking, Product teams, and Internal Audit.

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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