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Full-Time

Regulatory Product Compliance Manager

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Posted on 6/10/2023

Wise

Wise

5,001-10,000 employees

Facilitates low-cost international money transfers

Fintech
Financial Services

Junior, Mid, Senior

London, UK

Category
Legal & Compliance
Requirements
  • Previous experience providing Compliance advice within Financial Services
  • Familiar with the evolving regulatory expectations in regard to payments industry
  • 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 technology driven environment
  • Willing to travel for about 25% of the time as Wise offices are located across different countries
Responsibilities
  • Collaborate with Product Teams throughout the product lifecycle: from design and user testing, to launch and post-launch monitoring
  • Empower Product Teams to take a risk based approach to building products, processes and controls
  • Collaborate to the built of practical and customer oriented product solutions while ensuring that the product remains compliant
  • Identify opportunities to improve our product proposition / competitiveness by thoroughly analysing relevant regulations and challenging existing interpretations and market practice
Desired Qualifications
  • Previous experience working with an acquiring service provider or in the cards payments space is a but not essential

Wise focuses on international money transfers, providing a low-cost alternative to traditional banks. It uses a peer-to-peer system to match transfers, which reduces fees and offers better exchange rates. Users can manage multiple currencies through a multi-currency account, and businesses can integrate Wise's services via an API. The goal of Wise is to simplify the process of sending money abroad while maintaining transparency and reliability.

Company Stage

IPO

Total Funding

$1.7B

Headquarters

London, United Kingdom

Founded

2011

Growth & Insights
Headcount

6 month growth

10%

1 year growth

20%

2 year growth

48%
Simplify Jobs

Simplify's Take

What believers are saying

  • Wise's partnerships with major financial institutions like Qonto and Nubank expand its reach and enhance its service offerings.
  • The company's 29% growth in active users indicates strong market demand and customer satisfaction.
  • Wise's API integration for businesses and financial institutions provides additional revenue streams and broadens its market presence.

What critics are saying

  • Data breaches, such as the one involving Evolve Bank, can undermine customer trust and lead to regulatory scrutiny.
  • The increasing sophistication of scams poses a significant threat to customer security and Wise's reputation.

What makes Wise unique

  • Wise's peer-to-peer system for matching transfers significantly reduces costs, offering more competitive exchange rates compared to traditional banks.
  • The multi-currency account feature allows users to hold and manage money in multiple currencies, catering to frequent travelers and international businesses.
  • Wise's transparent fee structure with no hidden charges builds trust and attracts customers wary of traditional banking fees.

Benefits

PTO & annual leave

Work from home flexibility

Parental leave

Medical insurance plans

Health & wellbeing discounts

Pension & retirement plans

Social events

Relocation support

INACTIVE