At a Glance
- Tasks: Lead compliance efforts for innovative investment products and ensure regulatory adherence.
- Company: Join Wise, a leading fintech company transforming how people manage their money.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Collaborate with global teams and enhance your fintech expertise in a dynamic environment.
- Why this job: Make a real impact in the fintech space while building compliant, customer-focused products.
- Qualifications: 5+ years in compliance within finance; strong knowledge of UK securities regulations.
The predicted salary is between 60000 - 75000 £ per year.
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.
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.
- Legally authorised to work in the United Kingdom.
Nice to have
- Familiar with licensing and regulatory frameworks in multiple jurisdictions.
Senior Product Compliance and Risk Manager employer: Wise
Wise is an exceptional employer that fosters a dynamic and inclusive work culture, where innovation meets compliance in the heart of London. As a Senior Product Compliance and Risk Manager, you will not only have the chance to shape cutting-edge financial products but also benefit from extensive professional growth opportunities within a supportive team environment. With a commitment to saving customers money and a focus on regulatory excellence, Wise offers a unique platform for meaningful contributions to the fintech landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Product Compliance and Risk Manager
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Wise looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Product Compliance and Risk Manager
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Wise. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Wise
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Wise’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
