Senior Regulatory Oversight Manager, Advisory

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

We’re looking for a Senior Regulatory Compliance Manager to support our UK Compliance Team by providing regulatory advice and objective check and challenge to enable Wise to scale its UK businesses compliantly.

Based in London, you will work with a growing team of multidisciplinary specialists (Risk, Legal, Product, Finance etc) across the globe. You’ll help manage and strengthen the Compliance team’s approach to building new and scaling existing products in compliance with UK regulations, managing the regulatory risks and developing governance and oversight arrangements.

Your Mission:

• Advise the business on regulatory requirements, specifically focusing on FCA regulations, capital and liquidity compliance expectations, regulatory reporting, and applicable sections of the FCA Handbook and PRA Rulebook.

• Provide check and challenge to regulatory analysis, regulatory risk assessments and controls provided by our first line Product Risk and Compliance team.

• Support first line teams to identify and mitigate regulatory risks.

• Conduct regulatory analysis on upcoming changes to FCA and PRA requirements, prudential standards, and the UK regulatory framework, advising first line teams on implementation plans to ensure compliance.

• Draft regulatory compliance policies and guidance.

• Lead obligations mapping for new product offering(s)

• Understand and apply the relevant aspects of the operational resilience requirements

• Interpret consumer duty and conduct requirements

• Work closely with the wider regulatory team to manage our policy framework, FCA regulatory engagement, and prudential/conduct reporting.

• Help maintaining and updating the UK compliance framework, policies, and documentation within the broader Wise Group compliance framework, ensuring they are appropriate for new products/ activities and risk appetite.

• Work with the first line business owners to ensure findings from audits and monitoring and testing are remediated efficiently and effectively

• Provide regulatory training and self-help materials to assist first line teams to comply with regulatory obligations and compliance policies.

• Handle escalations from first line teams on product developments, incidents and issues.

• Help reporting (to the Board and relevant committees) on the UK’s compliance performance, regulatory breaches, and the effectiveness of compliance controls via comprehensive and insightful Management Information (MI)

Qualifications

Our ideal candidate will have a strong regulatory advisory background, great communication and organisational skills, tons of motivation and positivity. More specifically, we’re looking for someone who can demonstrate they have these attributes:

• Theory. You have deep working knowledge of UK regulations, including FCA and PRA requirements, as well as experience with regulatory framework implementations.

• Practice. You have hands-on experience providing regulatory advice, engaging with the FCA and PRA, and managing regulatory risks relating to financial products and services.

• Passion. You are a problem-solver. You get a kick out of finding innovative solutions and collaborating with different teams to deliver a mission and enable sustainable growth.

• Get the job done. You’re a strong relationship builder across all levels of the business and externally. You have the ability to influence others and empower teams to comply with regulatory requirements and mitigate regulatory risks, whilst enabling growth.

• Responsibility. You have a sense of urgency and an ability to work well under pressure, prioritising, taking responsibility and accountability for your work.

• Communication. You have strong written and verbal communication skills. You are able to deliver complex regulatory analysis and advice verbally and in writing. You are also able to understand advice, analysis and regulatory risk assessments produced by others and provide constructive feedback and objective challenge.

• Leadership and mentoring. You have experience managing or mentoring other employees and enabling them to develop their knowledge and skills.

• Travel. The role is London-based, but many of our teams are located across different office locations. You’ll be ready to travel at least on a quarterly basis.

Additional Information

Hybrid working - 3 days in the office and 2 from home

Working hours - 9am to 6pm

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.

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