UK Regulatory Compliance Assurance Senior Manager at Wise

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Thorough understanding of risk and control with experience in designing and carrying out risk-based controls testing in a compliance, IA, audit or consulting role
Ideally, good understanding of FCA/PRA expectations and the regulatory compliance landscape for payments and investment firms in the UK (or willingness to upskill and embrace the learning curve if no prior compliance experience)
Passion for working at a fast-growing scale-up, excited about challenges, improving practices/processes, self-motivated with a can-do attitude
Comfortable working with a high degree of autonomy and managing evolving priorities to deliver against the team’s strategy
Based in London and ready to travel roughly once every two to three months to meet objectives

Responsibilities

Work with key stakeholders to create and deliver a risk-based monitoring and testing plan for the UK, including identifying and testing key controls to evaluate compliance with rules and regulations
Work closely with colleagues in Financial Crime Assurance or other controls testing teams to avoid duplication
Seek out and leverage new methods/approaches to evolve how testing/monitoring is conducted
Lead and develop the UK Reg CMT team, ensuring high quality and timely execution of the monitoring and testing plan
Proactively communicate solutions to address control gaps or enhance processes, and track these through to completion
Support the wider monitoring and testing team strategy by collaborating with global colleagues and developing the UK team
Adapt focus depending on the regulatory agenda, growth plans, and compliance needs

Skills

Key technologies and capabilities for this role

Regulatory ComplianceRisk ManagementCompliance MonitoringControls TestingTeam LeadershipStakeholder ManagementFinancial Crime AssuranceUK Regulations

Questions & Answers

Common questions about this position

Is this a remote position or does it require on-site work?

This is an on-site position.

What technical skills are required for this role?

Candidates need a thorough understanding of risk and control, experience in designing and carrying out risk-based controls testing in a compliance, IA, audit or consulting role, and ideally a good understanding of FCA/PRA expectations and the UK regulatory compliance landscape for payments and investment firms.

What is the duration of this position?

This is a maternity cover role for a period of up to 24 months.

What does the role involve in terms of team leadership?

You will lead and develop the UK Reg CMT team, ensuring high quality and timely execution of the monitoring and testing plan.

What is the salary or compensation for this position?

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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