Your Mission At Wise, we are fully devoted to our Mission: Money without borders. Instant, convenient, and eventually free. Over 16 million people and businesses use Wise, which processes over £9 billion in cross-border transactions every month, saving customers over £1.5 billion a year. We serve a wide range of customers from personal users, freelancers, small businesses and increasingly even to large enterprises and banks. Wise also offers over 50 currencies for customers to hold and convert money in. As an Associate Product Manager joining the Product Academy, you will be placed in one of our teams that both power Wise and ensure our customers have a safe and convenient experience when using us. You will get to build your skills in Product Management through a tailored learning program in combination with executing on real problems. After your successful graduation from the Product Academy, you will transition into a full-time member of the Wise Product team!

About the Third Party Risk Senior Lead: 

The Third Party Risk Senior Lead aligns into the wider Third Party Risk Team, and is responsible for leading and partnering with Internal Wise teams to provide robust guidelines and practices for governance and regulatory compliance with respect to the risks associated with the onboarding, ongoing management, review cycles, and offboarding relating to the provision of Third Parties, Banking Services and IntraGroup Arrangements.

This senior position involves strategizing, implementing, and overseeing the TPRM program in alignment with industry standards and regulatory expectations. The Third Party Risk Senior Lead contributes to developing, maintaining, and enhancing the comprehensive TPRM framework and policies to ensure alignment with industry best practices, regulatory requirements, and the Wise's Enterprise Risk management framework. 

This role involves leading and growing both global and regional specific resources, providing strategic support, and fostering a culture of third-party risk awareness throughout the organisation. The Senior Lead needs to work in close coordination with the rest of the TPRM Leadership team, and the Third Party Management team at large. 

The Senior Lead provides expert guidance to senior stakeholders, coordinates cross-team projects, and contributes to the strategic alignment of TPRM strategies with the company's overall risk management and business objectives.

This role will operate both as individual contributor and owner of aspects of the TPRM programme, and as team contributor for items that are delivered by other members of the TPRM leadership team, or delivered as part of the Team.

Note: This role will initially concentrate on designing and embedding the IntraGroup Risk Framework. This involves reviewing the current processes for onboarding, managing, and offboarding internal entities. The role will establish standards and necessary activities, collaborating with Country Managers to ensure alignment in completing these activities. Additionally, the role will lead the Intragroup Governance forum, which oversees all IntraGroup SLAs, with the aim of further developing the forum.

TPR Senior Lead duties and responsibilities:

Regulations / Industry Standards

• Strategizing, implementing, and overseeing the TPRM program in alignment with industry standards and regulatory expectations.

• Drives the development, maintenance, and enhancing of the comprehensive TPRM framework and policies to ensure alignment with industry best practices, regulatory requirements, and the Wise's Enterprise Risk management framework. 

• Develop, maintain, and update the TPRM framework and policies to align with industry best practices, regulatory requirements, and the organisation's risk appetite. 

• Maintain up-to-date knowledge of relevant outsourcing regulations, laws, and industry standards affecting third-party risk management. Ensure the TPRM program aligns with regulatory requirements and best practices, and contributes to designing a strategic foundation for building processes and operationalizing relevant regulatory expectations.

Stakeholder Engagement

• Work in close coordination with the rest of the TPRM Leadership team, and the Third Party Management team at large. 

TPRM Controls & Processes

• Contribute to strategic oversight and continuously audit current processes to optimise third-party management processes, together with the rest of the TRPM leadership. The goal is to enhance the efficiency and effectiveness of controls, identify areas for improvement, and develop improvement plans. 

Risk Management Culture

• Build and embed a culture of awareness and continuous improvement within the third party risk management function. 

• Leading and growing both global and regional specific resources, providing strategic support, and fostering a culture of third-party risk awareness throughout the organisation.

• Build, lead, and mentor a high-performing team of third-party risk specialists, both globally and regionally, providing guidance and professional development opportunities to team members. Conduct regular reviews and address performance issues.

Projects / Audits

• Leads and coordinates cross-team projects, audits, and inspections related to TPRM scope.

Subject Matter Expertise

• Provide thought leadership, direction, guidance, and subject matter expertise, and provide insightful reports on TPRM to the rest of the TPRM leadership and the Wise Leadership team. Foster a culture of third-party risk awareness across the organisation.

• Provides expert guidance to senior stakeholders, coordinates cross-team projects, and contributes to the strategic alignment of TPRM strategies with the company's overall risk management and business objectives.

Continuous Improvement

• Design  procedures, risk assessment methodologies, and continuous monitoring processes to ensure the TPRM framework effectively integrates into the organisation's overall risk management strategy.

TPRM Strategy

• Mature and evolve the Wise’s TPRM program in alignment with strategic guidance from Wise Leadership and global regulatory expectations. Assess the complexity of program maturity and identify the needs for improvement.

• Ensure that TPRM strategies are aligned with the organisation's overall risk management framework and strategic objectives. This involves collaborating with 2nd line of defence stakeholders, Leadership team and  key teams to ensure the third-party risk considerations into the broader organisational risk profile and strategic planning processes.

The Third party Risk Senior Lead is reporting to the global Head of Third Party Risk.

You are the perfect fit if you have:

• Knowledge of laws and regulations governing third-party management and IntraGroup management in financial services, and industry standards at global and regional levels, with the ability to scope and operationalize regulatory requirements.

• Excellent time and project management skills, demonstrated by the ability to effectively scope and coordinate team affairs in the TPRM domain.

• A structured and thoughtful approach to challenges and collaborations.

• Strong verbal and written communication skills for stakeholder interaction, with the capability to present with impact and influence.

• A strong analytical and strategic mindset with TPRM program development skills.

• A focus on problem-solving and good decision-making skills.

• Strong knowledge of the Due Diligence world, third-party risk, and TPRM program development.

• A “can-do” attitude and a passion for tackling challenges and accomplishing tasks.

• A strategic, constructive mindset that aids in process improvement with a strategic vision.

• The ability to work with a wide group of stakeholders and the leadership team.

• Adaptability and comfort in a fast-paced environment, with flexibility in changing priorities.

• Leadership skills that foster growth and continuous improvement in team processes and members

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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