Company DescriptionWise is a global technology company, building the best way to move and manage the world's money.
Min fees.
Max ease.
Full speed.
Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their life easier and save them money.
As part of our team, you will be helping us create an entirely new network for the world's money.
For everyone, everywhere.
More about our mission.
Job DescriptionWe're looking for a Product Compliance & Risk Manager to play a central role in the expansion of our Assets product in Australia.
With Assets, we're changing how people think about holding money.
Our customers can choose to hold their money as "cash", or hold it as an investment in money market funds, a type of low risk fund that offers a return in line with the applicable interest rate.
This role is a unique opportunity to have a direct impact on the way people hold money.
Your Mission
Wise has launched the Assets product, a new type of investment account, in the UK, Europe and Singapore.
Assets enables customers to invest their funds with Wise in various asset classes, including money market funds, while maintaining the immediate access and spending capabilities of a checking account.
This product allows customers to earn returns aligned with central bank interest rates, while preserving instant access to their invested funds.
You will help grow the Assets product in Australia.
In your role, you'll ensure that Wise is fully compliant with the regulatory requirements to offer investment products to its customers in Australia.
You will also be expected to identify key risks related to Assets product and ensure these are mitigated effectively.
This is a first line Product & Risk Compliance role, embedded in the Product team.
You will be responsible for:
Launching and improving the Assets product in Australia in a compliant way:
Work with product teams throughout the product lifecycle, from design and user testing to launch and post-launch monitoring.
Serve as the primary contact for any regulatory questions or implications regarding the Wise Assets Australia product.
Conduct and document thorough regulatory analyses of new products and services, ensuring that appropriate controls are in place before launch.
Enable product teams to adopt a risk-based approach in developing products, processes, and controls.
Identify opportunities to enhance our product proposition and competitiveness by thoroughly analysing relevant regulations and challenging existing interpretations and market practices.
Managing and Mitigating Regulatory Risks:
Identify regulatory risks and ensure effective mitigation for Wise's investment product in Australia.
Conduct pre-launch and ongoing regulatory risk assessments, providing valuable advice to product managers on current and upcoming regulations, gaps, and risks.
Work with Compliance and Product teams to ensure that remediation plans are agreed upon and executed promptly.
Collaborate with colleagues in the second-line compliance oversight team to keep product teams informed of new and upcoming regulations.
In collaboration with second line Compliance and Risk teams, identify and align on the main regulatory issues and risks in Australia.
Present this in a very clear and understandable way to the wider teams, to work with them on defining the solutions and how this should be executed.
QualificationsMust have:
Deep working knowledge of Australian regulations applicable to investment firms offering retail investments.
Minimum 5 years experience working in a legal or compliance role within the retail investment industry or wider investment industry.
Problem solving attitude, with the ability to use regulation together with data to drive business decisions.
A natural owner who wants to go beyond an advisory role and take initiative and drive projects end to end.
Ability to effectively communicate with product managers and engineers and provide practical, actionable, and valuable recommendations.
Familiar with the evolving regulatory expectations of ASIC with regards to retail investment products.
Experience (or keen interest) in working in a fast-growing technology driven environment.
Nice to have but not essential:
You have an understanding of payment systems and regulatory requirements of Authorised Deposit-taking Institutions (ADIs).
You have experience interacting with ASIC, APRA or AUSTRAC.
You have worked in a startup or scale-up environment in the past.
A team player with a collaborative spirit and the ability to work effectively with different stakeholders such as Product and Compliance.
Passionate to help solve problems and build best-in-class products for customers.
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 and clearly communicate and provide practical, actionable, and value added recommendations.
Willingness to travel, as Wise offices are located across different countries.
Additional InformationFor everyone, everywhere.
We're people building money without borders — without judgement or prejudice, too.
We believe teams are strongest when they are diverse, equitable and inclusive.
We're 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.
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