Regulatory Product Compliance Manager – Business

  • Location
    • London
  • Date Posted
  • Aug. 30, 2021
  • Function
  • Legal
  • Sector
  • Fintech

We’re looking for a Regulatory Product Compliance Manager to work alongside our Business and Receive Product team to help expand our global offering for Corporate and SME business customers. You will closely work with the teams’ Product Managers, as well as provide support to a range of Engineers, Implementation Managers, Account Managers and Operations Specialists to help grow our business offering globally.

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 markets for business customers globally. In addition, you will support the team as it seeks to bring to market a number of new initiatives and products. 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 business markets, in collaboration with the relevant regional Regulatory Product Compliance managers;
  • 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 teams, to ensure Product teams are aware of new and upcoming regulations relevant for our business customers.

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 corporate and SME business customers.;
  • Previous experience working with an acquiring service provider or in corporate banking is a bonus but not essential;
  • Familiar with the evolving regulatory expectations in regard to corporate and SME business customers;
  • 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 Wise offices are located across different countries.
  • Legally authorized to work in the UK (or in Tallinn, Brussels or Budapest). Sadly, we cannot support visas for this role.

What we offer in return:

  • Competitive base salary
  • Generous stock options package
  • Pension and Private Health Insurance
  • Lots of awesome additional Wise benefits
  • 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, qualifications aren’t that important to us. If you’ve got great experience, and you’re great at articulating your thinking, we’d like to hear from you.
  • And because we believe that diverse teams build better products, we’d especially love to hear from you if you’re from an under-represented demographic.