At a Glance
- Tasks: Join our team to ensure new products meet regulatory standards and support product development.
- Company: Wise is a leading fintech company revolutionising money transfers across borders and currencies.
- Benefits: Enjoy a dynamic work environment, opportunities for growth, and a diverse, inclusive culture.
- Why this job: Make a real impact on global financial services while developing your compliance expertise in a fast-paced setting.
- Qualifications: 7+ years in finance or fintech with strong knowledge of UK/EU regulations; excellent communication skills required.
- Other info: Be part of a diverse team that values inclusion and empowers every member to thrive.
The predicted salary is between 43200 - 72000 £ per year.
The new role sits within our Wise Platform Product Risk and Compliance team, which is part of the 1st Line of Defense (1LOD). This strategic addition comes in response to the rapid growth of our product offerings and the increasing regulatory pressure and expectation we face. We are looking for a Product Compliance Manager to join this growing team. 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.
Wise has already pioneered new ways for people to transfer money across borders and currencies. Your mission is to enable our Wise Platform team to launch new products and partnerships globally, through a deep understanding of the regulatory requirements and regulators' expectations around them. Wise Platform utilises Wise's infrastructure to offer innovative solutions to established financial services companies and online platforms.
This is a first line Product Compliance role, embedded in the Wise Platform team. Your scope will include:
- Product design: Empower product teams to build compliant-by-design new products and services by advising them on how to implement regulatory requirements in a customer-oriented way. Ensure that regulatory analysis of new products and services are performed and well-documented, and that related controls are implemented consistently prior to launch.
- Regulatory risk and remediation: Collaborate with regional 1st and 2nd line compliance and product teams, to ensure remediation plans are agreed upon across lines and executed timely. Advise on regulatory risk and relative priorities of remediation projects.
- Third Parties Relationships: Represent Wise in external meetings with banking partners and regulators, being able to clearly and effectively articulate Wise Platform's offering.
This role will give you the opportunity to: Grow your hands-on Fintech knowledge at full speed; Keep compliance right at the heart of the product development cycle, in a fast-moving environment; and Be empowered to identify regulatory issues and take a lead in their remediation.
Qualifications:
- Min 7 years of relevant experience working in a financial institution, fintech or consulting firm, with an understanding of the UK and/or EU regulatory environment.
- Ability to translate regulatory requirements into actionable business requirements, even where regulations are ambiguous, and present and defend the chosen approach.
- Ability to effectively communicate with Product Managers and Engineers.
- Can prioritise and re-prioritise in fast-moving and ambiguous situations, drive and deliver projects from inception to completion.
- [Desirable] Experience of Payments or Correspondent Banking.
For everyone, everywhere. We are people building money without borders - without judgement or prejudice, too. We believe teams are strongest when they are diverse, equitable and inclusive. We are 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. Keep up to date with life at Wise by following us on LinkedIn and Instagram.
Senior Regulatory Product Compliance Manager - Wise Platform employer: Wise
Contact Detail:
Wise Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Regulatory Product Compliance Manager - Wise Platform
✨Tip Number 1
Familiarise yourself with the latest UK and EU regulatory frameworks relevant to fintech. Understanding these regulations will not only help you in interviews but also demonstrate your proactive approach to compliance.
✨Tip Number 2
Network with professionals in the fintech and compliance sectors. Attend industry events or webinars to connect with others who may provide insights or referrals that could lead to opportunities at Wise.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully navigated regulatory challenges in previous roles. This will showcase your hands-on experience and ability to translate complex regulations into actionable business strategies.
✨Tip Number 4
Stay updated on current trends in product compliance within the fintech space. Being knowledgeable about recent developments will allow you to engage in meaningful conversations during interviews and show your commitment to the role.
We think you need these skills to ace Senior Regulatory Product Compliance Manager - Wise Platform
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications required for the Senior Regulatory Product Compliance Manager position. Tailor your application to highlight relevant experience in financial institutions or fintech.
Highlight Relevant Experience: In your CV and cover letter, emphasise your 7+ years of experience in regulatory environments, particularly within the UK and EU. Provide specific examples of how you've translated regulatory requirements into actionable business strategies.
Showcase Communication Skills: Since the role involves collaboration with product teams and external partners, demonstrate your ability to communicate complex regulatory concepts clearly. Include examples of past experiences where you effectively articulated compliance needs to non-compliance stakeholders.
Personalise Your Application: Make your application stand out by personalising it for Wise. Mention their mission and values, and explain how your background aligns with their goals of building money without borders and fostering an inclusive environment.
How to prepare for a job interview at Wise
✨Understand the Regulatory Landscape
Make sure you have a solid grasp of the UK and EU regulatory environments. Be prepared to discuss how these regulations impact product compliance and how you can translate them into actionable business requirements.
✨Showcase Your Hands-On Experience
Highlight your relevant experience in financial institutions, fintech, or consulting firms. Share specific examples of how you've successfully navigated regulatory challenges and contributed to product development.
✨Communicate Effectively
Demonstrate your ability to communicate complex regulatory concepts clearly to Product Managers and Engineers. Practice articulating your thoughts on how compliance can be integrated into product design in a customer-oriented way.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in fast-moving and ambiguous situations. Think of examples where you've had to prioritise tasks or drive projects from inception to completion, and be ready to discuss your thought process.