Regulatory Product Compliance Manager – UK

Wise

London, GB
  • Job Type: Full-Time
  • Function: Regulatory Affairs
  • Post Date: 05/26/2021
  • Website: transferwise.com
  • Company Address: The Tea Building, 56 Shoreditch High Street, London, E1 6JJ, United Kingdom

About Wise

Wise was launched in 2011 with the vision of making international money transfers cheap, fair, and simple. Today, its multi-currency account helps over 10 million people and businesses manage their money across the world.

Job Description

We’re looking for a Regulatory Product Compliance Manager to work alongside our UK Product Team. You will work with the UK Product Lead, to support an expanding team of Bankers, Engineers, Government Relations, Public Relations and Operations Specialists to help grow Wise’s in the UK. 

Your primary focus will be to help the Product Team to identify and effectively manage regulatory compliance risks across a range of existing and new products in the UK. You will be expected to maintain a strong awareness of the impact of regulation on commercial viability and technological innovation.

Your mission: 

Launch New Products and Features:

  • 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. 

Manage and Mitigate Regulatory Risks: 

  • Identify and manage Regulatory Risks across all Wise products offered in the UK; 
  • Perform pre-launch and ongoing risk assessments, offering effective advice to Product Managers on existing and forthcoming regulations, gaps and risks; 
  • Collaborate with colleagues in the Compliance Oversight and Regulatory Liaison to ensure Product Teams are aware of new and upcoming regulations and FCA guidance. 

Maintain an enterprise wide view of risk:

  • Escalate breaches and high rated risks to Compliance Oversight in order to help maintain an enterprise wide view of Wise’s regulatory risk environment; 
  • Identify related risk typologies and ensure that the relevant specialist teams (i.e. Financial Crime, Privacy, Treasury, Finance)  have provided input into the product lifecycle;  
  • Assist Product Teams in developing and maintaining track of relevant risks across their product, including mitigation plans, action owners and timelines to completion. 

A bit about you:

  • Previous experience providing Compliance Advice within Financial Services, preferably with a focus on Payment Services and / or Electronic Money;  
  • Deep working knowledge of the FCA’s Approach to Payment Services and Electronic Money and / or PSD2, including the relevant Regulatory Technical Standards;  
  • Familiar with the evolving regulatory expectations of the FCA with regards to Payment Services / Electronic Money firms;
  • Knowledge of Faster Payments and UK payments infrastructure a plus;
  • Previous experience advising on Financial Instruments / MiFID a plus;  
  • 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 (after lock-down restrictions) for about 25% of the time as TransferWise offices are located across different countries. 
  • Legally authorized to work in the UK. Sadly, we cannot support visas for this role.

What we offer in return:

  • Competitive base salary
  • Generous stock options package
  • Lots of awesome Wise benefit 

 

We’re people without borders — without judgement or prejudice, too. We want to work with the best people, no matter their background. So if you’re passionate about learning new things and keen to join our mission, you’ll fit right in.

Also, where and what you studied isn't important to us. If you’ve got great experience, the right skills for the role and you’re great at articulating your thinking, we’d like to hear from you.

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Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.