Wise has already pioneered new ways for people to transfer money across borders and currencies. Our customers can also manage their hard-earned money with the World’s first platform to offer true international multi-currency accounts. Your mission is to enable our UK product team to launch new products and manage our risk profile through a deep understanding of the regulatory requirements and Regulator’s expectations around them. 

This new role sits within our UK Product Compliance and Risk team which is part of the 1st line of defence. The need for this role comes from the rapid growth of our product and offerings as well as the increasing challenges we face across financial crime in the UK. This is a unique opportunity to get hands-on with the controls, products and features that directly impact Wise’s mission.  
 

Here’s how you’ll be contributing to the UK Regulatory Product Compliance team, in the first line: 

Collaborate on Product Design:

• Empower Product Teams to build risk based products, processes, and controls; 

• Collaborate to design practical and customer-oriented product solutions while ensuring full compliance of the product; 

• Perform pre-launch and ongoing product compliance legal and regulatory analysis and risk assessments; and

• Design scalable and customer-centric solutions to regulatory requirements; 

• Offer effective advice to Product Managers on existing and forthcoming Regulations, gaps, and risks. 

Manage and Mitigate Regulatory Risks and the Control Environment: 

• As part of the UK Regulatory Product Compliance Team, you will identify and manage Regulatory Risks across all products offered to and for customers in the UK;

• Oversee the control environment for UK, designing effective, creative and targeted controls and evaluating the residual risk exposure;

• Collaborate with Compliance colleagues, to ensure Wise Product Teams are constantly aware of the most recent regulations and guidance; and

• Work with Product Teams and the wider Risk & Compliance Team to implement and maintain Management Information that enables Wise to make informed decisions at the regional and Global levels. 

Audit, issue management and remediation: 

• Conduct audit management and, where required, challenge audit findings in collaboration with Compliance second line and Product teams; 

• Develop and deliver effective issue management to mitigate regulatory risks;

• Represent Wise in meetings with Banking Partners and Central Banks, being able to clearly and effectively articulate Wise’s products and compliance framework.

• Previous Financial Regulation advisory role or experience in a legal function, Risk and Controls function or in a consultancy environment;  

• Experience with regulations like: PSD2, PSRs 2017 & EMRs, the Consumer Duty and other UK regulations relevant to our product suite; 

• Ability to analyze and interpret complex regulatory frameworks and apply them effectively;

• Ability to effectively communicate with Product Managers and Engineers and provide practical, actionable, and value added recommendations; 

• Problem solving attitude, with the ability to use regulations together with data to drive business decisions; 

• Experience (or interest) in working in a fast-growing environment and working directly with product teams; 

• Willing to travel, as Wise offices are located across different countries

For everyone, everywhere. We're people building money without borders  — without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive.

We're proud to have a truly international team, and we celebrate our differences.
Inclusive teams help us live our values and make sure every Wiser feels respected, empowered to contribute towards our mission and able to progress in their careers.

If you want to find out more about what it's like to work at Wise visit Wise.Jobs.

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