High Risk Assessment Specialist

Posted 5 Days Ago
Be an Early Applicant
Singapore
Hybrid
Mid level
Fintech • Mobile • Payments • Software • Financial Services
Wise is one of the fastest growing Fintechs in the world and we’re on a mission to make money without borders a new norm
The Role
The Risk Assessment Specialist ensures compliance with AML/CTF regulations, assesses risks from high-risk customers, and mentors compliance teams.
Summary Generated by Built In
Company Description

Wise 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 lives 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 and what we offer.

Job Description

Role & Job purpose

As a Risk Assessment Specialist, you will play a critical role in ensuring Wise’s adherence to regulatory and compliance standards. You will be responsible for mitigating risks associated with high risk customers,  while maintaining compliance with AML/CTF regulations, and internal policies according to Wise’s risk appetite. The Risk Assessment Specialist has an advanced understanding of inherent risks tied with complex business structures, various customer types and activities, country-specific risks and their appropriate mitigating strategies. This role is a great opportunity for people who are interested in deepening their expertise  in the KYC/AML domain.  

 

Job Responsibilities

  • Act as an end point for all escalations from other compliance operations teams, assessing customers’ risks and applying risk based approach methodologies;
  • Mentor and consult other compliance operations teams and act as a subject matter expert in complex cases;
  • Perform risk assessment and enhanced due diligence on complex and high risk customers, document and provide thorough analysis on potential risks and apply appropriate mitigation measures by analyzing their business activities, compliance programs and controls;
  • Review and analyze documentation, such as AML, Sanctions, EDD, KYC, and Acceptable Use policies (customers under review), comparing them against Wise’s policies and internal risk-based approach;
  • Assess the customer’s potential reputational and financial crime risk to Wise from Sanctions, PEP, and adverse media perspective;
  • Coming up with new and better risk mitigation methods and improving our compliance framework and controls while working closely with Product and FinCrime; 
  • Escalate and report compliance concerns to Financial Crime Oversight and other compliance teams where necessary;
  • Communicate with internal and external partners/stakeholders to facilitate scalable, compliant business onboarding growth;
  • Work closely with other functions to on-board high risk companies, update on review statuses, communicate compliance concerns, and answer queries and concerns from relevant stakeholders;
  • Work with product teams, operational leads, and compliance teams to manage operational impact of changes, increase operational efficiencies, and improve the customer experience;
  • Be accountable for the quality assurance of the Risk Assessment team, taking decisions within our policy framework, and working with compliance to evolve processes;
  • Distill concerns or issues identified from relevant operational incidents and report these findings to senior management with recommended actions to address deficiencies;
  • Support team leads on implementation and delivery of ad-hoc project work, participate in enhancing the compliance management knowledge of colleagues;
  • Assist the team at various deep dives and audits at regional level when required.

Qualifications

  • Excellent verbal and written English skills (additional language skills are a plus) with the ability to clearly articulate your thoughts;
  • A minimum of 3+ years of relevant industry experience, ideally in financial services,  compliance roles or at a financial services regulator; 
  • Work autonomously within a limited variety of well-defined procedures and practices (not necessarily standardized);
  • Ability to take difficult decisions, work with uncertainty, deal with unknowns, and coordinate various sources of information within and outside the organization;
  • Ability to take decisions and apply risk-based approach at your work
  • Capable of identifying gaps in policies and processes and liaise as necessary with the team, other business units and stakeholders to resolve relevant issues;
  • Excellent interpersonal and communication skills, strong organizational skills, attention to detail, analytical abilities, and ability to adhere to strict deadlines in a fast paced and high pressure environment;
  • Punctual, resourceful, proactive, enthusiastic and willing to get things done;
  • Ability to work in a diverse work environment which requires collaboration, partnership and transparency; 
  • Understanding of regional and global regulatory requirements and essentials of risk based approach;
  • Strong analytical and problem solving capabilities;
  • Strong stakeholder management and interpersonal skills;
  • analytical skills, with the ability to provide practical and realistic solutions for minimizing risk;
  • Comfortable working in a rapidly changing and complex work environment.

 

Nice to have:

  • Education: Bachelor’s degree in Finance, Business Administration, Law, or related field
  • Certifications: ICA, CAMS, or equivalent certification (EDD/AML focused)

Additional Information

For 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.

Top Skills

Aml
Edd
Financial Crime Compliance
Kyc
Sanctions

What the Team is Saying

Lindsay
Surendra
Smrithi
Pavan
Asya
Jennifer
Lauren
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The Company
HQ: Austin, TX
6,000 Employees
Year Founded: 2011

What We Do

We’re making a positive, irreversible change in the world of finance. Together.

People on every continent around the world are choosing Wise to help them live, travel and work internationally. We’re the fairest, easiest way to send money overseas.

Built by and for people who live global lives, we make sending money abroad up to 8 times cheaper than the bank. This is money without borders - instant, convenient, transparent and eventually free.

For our customers, using Wise is as simple as sending money from A to B, but behind our app and website is a complex engine of currencies and routes, that’s being designed, built and powered by our talented teams in cities around the world.

We’re just at the beginning of our story and we’re growing at an incredible pace. We won’t stop until anyone, anywhere can send, spend and receive money wherever they are, whatever they’re doing. There’s still heaps to do and we can’t do it alone.

Why Work With Us

We are a mission-driven company, looking to change banking for the better. Current banking systems don’t let us send, spend or receive money across borders easily. Or quickly. Or cheaply. So, we’re building a new one. If you're looking for an autonomous work environment, where you'll face cool challenges, learn and grow, you'll like working at Wise

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WISE Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Here at Wise we have a hybrid working model – a mix of working from home and from the office. Wisers can also work remotely for 90 days a year. By ‘remote’ we don’t just mean from home, but from wherever in the world you choose to!

Typical time on-site: 2 days a week
HQAustin, TX
Singapore
Brussels, BE
Hungary
Kuala Lumpur, MY
London, GB
Mumbai, Maharashtra
New York, NY
São Paulo, BR
Tallinn, EE
Tokyo, JP
Learn more

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