Fincrime Compliance Manager

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.

We are seeking a Financial Crime Compliance Officer (FC CO) for Singapore. You shall be responsible for the Company’s ML/TF/PF compliance and oversight of financial crime-related areas (e.g., fraud, bribery and corruption, etc.). This includes developing policies, monitoring transactions, training staff, and reporting to regulatory bodies. Your role will report into the Money Laundering Reporting Officer (“MLRO”) Singapore. 

You will act as the primary advisor on AML/CFT matters, and shall also serve as the primary contact for regulators, when required, and ensure the company's adherence to anti-money laundering and counter-terrorist financing (AML/CFT) laws in alignment with MAS (Monetary Authority of Singapore) requirements.

Your Mission & Key Responsibilities:

• Provide logical, persuasive, and data-driven arguments to functional teams, fairly representing the  financial crime risk analysis for any particular application or business initiative.
• Monitor and analyze financial crime trends and regulatory changes to proactively adjust internal controls and procedures.
• Ensure the Fincrime space meets regulatory obligations and mitigates key financial crime risks across various products.
• Serve as the primary contact and liaison with regulatory bodies and law enforcement agencies on all financial crime matters.
• Monitor adherence to internal controls and regulatory enactments related to AML/CTF/PF and fraud.
• Act as a bridge and liaison between operational teams, FinCrime/Regulatory Product Compliance teams, regional compliance teams, and Compliance Oversight.
• Support product and product compliance teams with compliance insights by conducting thorough Financial Crime Risk Assessments for new products, services, and operational changes, proposing effective mitigation strategies.
• Propose and lead projects to enhance controls through training, process improvements, or product enhancements.
• Proactively identify gaps and lead remediation plans for any missing controls to mitigate financial crime.
• Support audits by closely cooperating with the audit team, preparing for audits, and managing follow-ups and remediation plans based on audit reports.
• Mentor and/or lead relevant team members and stakeholders in developing financial crime compliance expertise.
• Manage any regulatory requests / reporting end-to-end, ensuring timely, accurate, and complete submissions that meet all regulatory requirements.
• Manage regular and ad-hoc fincrime reporting to the MAS accurately and within prescribed deadlines.
• Handle escalations from the SPF/MAS/CAD or any external stakeholders, promptly disseminating information to relevant internal teams for timely resolution and official response.
• Maintain and update relevant manuals/policies

Support Compliance Office

• Assist the local MLRO with regulatory horizon scanning, tracking, and managing both internal and external projects to ensure alignment with evolving regulations, particularly those in the fincrime space.
• Collaborate with the MLRO, Compliance Officer and other internal stakeholders  to draft and update policies, ensuring compliance with local regulation and effective policy implementation.
• Monitor compliance risks and KPIs, coordinate periodic governance and stakeholder review meetings, maintain robust compliance frameworks and documentation, and support liaison efforts during audits (internal, external, and regulatory).
• Help maintain robust compliance frameworks and documentation.
• Support and facilitate liaison efforts during internal, external, and regulatory audits/examinations.

Projects and compliance specific reviews:

Depending on the overall compliance program and criticality, engage in and manage specific and thematic compliance reviews to assess control effectiveness and identify potential gaps.

• 8- 10 years of experience in regulatory and / or fincrime compliance 
• Compliance Expertise: Strong background in compliance, law, accounting, or consulting, with specialized expertise in AML/CTF/PF  practices.
• Financial Crime Knowledge: Comprehensive understanding of financial crime regimes and their practical application within the organization's operations.
• Analytical Skills: Proven ability to analyze transactions, identify risks, and critically evaluate compliance processes.
• Leadership and Influence: Demonstrated ability to lead and motivate teams, cultivate strong professional relationships, and drive effective change.
• Communication Prowess: Excellent written and verbal communication skills for articulating findings clearly and engaging effectively with senior management and regulatory bodies.
• Risk Management Experience: Extensive experience in conducting thorough risk assessments and accurately interpreting identified risks.
• Organizational Skills: Strong time and project management capabilities.
• Domain Familiarity: Sufficient familiarity with operational and product domains to effectively frame problems and propose solutions.
• Professional Experience: At least 8 years of experience as assisting the Money Laundering Reporting Officer (MLRO) or Head of Fincrime or in the Compliance team.
• Certifications (Optional): ICA/ACAMS certification is considered a valuable asset.

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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