Product Compliance and Risk Manager - Assets

Company Description

Wise is a global technology company, building the best way to move and manage the world’s money.

Min fees. Max ease. Full speed.

Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their lives easier and save them money.

As part of our team, you will be helping us create an entirely new network for the world's money.

For everyone, everywhere.

More about our mission and what we offer.

Job Description

We’re looking for a Product Compliance Manager to join and support the Assets Product Compliance team in the UK. This role is hands-on, a unique opportunity to have an impact on Wise’s mission, grow as a product and compliance manager, and help save millions more people money.

Your Mission:

In 2021, Wise launched the Assets product in the United Kingdom, a new type of account that has continued to expand and grow within the UK and abroad. Assets allows customers to invest the money they hold with Wise in different asset classes such as stocks or bonds while retaining the instant access and spend functionality of a current account.

Your mission is to work with our product team based in London to improve our Assets offering both locally and at a global level in a compliant manner through a deep understanding of the regulatory requirements and regulators’ expectations around investment products.

This is a first line Product Compliance role, embedded in the Product team.

You, together with the global product team, will be responsible for:

Regulatory risk and remediation:

• By demonstrating a deep understanding of the Wise Assets product and local regulatory requirements you support Product and operational teams on how to interpret regulatory requirements, improve processes and our product to avoid regulatory breaches and/or incidents;

• In collaboration with Risk and Compliance second line and the product team, identify and align on the main regulatory risks, gaps and forthcoming regulations. Present this in a very clear and understandable way to the wider teams, and work with them on defining the solutions and execution of mitigating actions

Product design:

• Deeply understand regulatory needs, translate this into solutions and work together with the Product Teams to build compliant new products/features and services in a customer oriented way;

• Perform regulatory analysis of new products/features and services, and implement required controls prior to launch.

• Identify opportunities to improve our product proposition / competitiveness by thoroughly analysing relevant regulations and challenging existing interpretations and market practice

Third Party Relationships:

• Provide input on regulatory related matters, always representing Wise customer-oriented culture while ensuring compliance.

This role will give you the opportunity to:

• Grow your hands-on Fintech knowledge at full speed;

• Build world-class products: The role is a unique opportunity to build innovative state-of-the-art products that are compliant for our customers and regulators

• Work together with all our amazing teams globally

Ideal candidate:

• Min 5 years of relevant experience in a compliance role within the retail investments, fund management, broker-dealer, or capital markets industry;

• Deep working knowledge of securities regulations in the United Kingdom e.g. COBS, MiFID, FSMA, CASS 6/7;

• Familiar with the evolving regulatory expectations of the FCA with regards to investment firms.

Other skill-set:

• Ability to prioritise effectively and call-out what are the key areas of improvement and implementation required from a regulatory point of view;

• 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 regulation together with data to drive business decisions;

• A natural owner, that drives and delivers project from inception to completion, timely and with attention to the details; and

• Legally authorised to work in the United Kingdom.

Nice to have:

• Familiar with licensing and regulatory frameworks in multiple jurisdictions.

Additional Information

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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