Operational Risk Lead for Financial Crime

The Operational Risk Lead for Financial Crime (FinCrime) is a critical role responsible for the proactive and reactive management of operational risk within Wises FinCrime domain. This role is essential for maintaining the integrity of our financial crime control framework ensuring compliance with global regulations and protecting Wise from financial loss reputational damage and regulatory enforcement action arising from control failures or external threats. The successful candidate will drive a culture of risk awareness and control excellence across all FinCrime operations.

Job Responsibilities:
 

• 1. Operational Risk Identification and Assessment

  • Capture and Recording: Establish and maintain robust mechanisms to systematically capture all key operational risks specifically related to FinCrime processes controls and technology (e.g. Sanctions Screening Transaction Monitoring KYC/CDD SAR/STR filing Fraud Detection).

  • Risk Evaluation: Conduct comprehensive data-driven assessments of identified risks determining their inherent and residual impact and likelihood. Utilize the Wise risk methodology and tooling (e.g. Audit Board platform) to ensure standardized measurement and reporting.

  • Root Cause Analysis: Lead deep-dive investigations into significant operational incidents near-misses and control failures within FinCrime to identify the underlying root causes not just the symptoms.

• 2. Risk Mitigation and Remediation

  • Action Planning: Create own and track detailed mitigation plans and corrective actions designed to reduce or appropriately mitigate identified operational risks. These plans must have clear ownership agreed-upon deadlines and measurable outcomes (Key Risk Indicators - KRIs).

  • Control Assurance: Partner with FinCrime operations teams Product/Engineering and Internal Audit to design test and implement effective preventative and detective controls ensuring they are documented and operating as intended.

  • Driving Change: Proactively challenge existing processes and controls that contribute to elevated risk levels advocating for systemic improvements in automation policy and training.

• 3. Strategic Risk Management and Horizon Scanning

  • Proactive Threat Analysis: Conduct continuous horizon scanning of the industry and regulatory landscape for emerging financial crime typologies geopolitical shifts technological vulnerabilities and evolving regulatory expectations that could introduce new operational risks to Wise.

  • Scenario Planning: Develop and execute scenario analyses for potential high-impact low-probability FinCrime operational risks (e.g. major system failure significant regulatory policy change emerging global sanctions regimes) to pre-emptively build mitigation strategies.

  • Industry Benchmarking: Stay abreast of best practices in operational risk management within the FinTech and broader financial services sector to ensure Wises framework remains cutting-edge.

• 4. Governance and Reporting

  • FinCrime Operational Risk Forum: Stand up chair and manage a dedicated operational risk forum for FinCrime stakeholders (including Operations Heads Compliance Leads and relevant Product Managers).

  • Action Tracking: Maintain a central up-to-date log of all FinCrime operational risks associated mitigation actions and key decisions made by the forum ensuring timely execution and resolution of outstanding items.

  • Executive Reporting: Prepare and present clear concise and impactful risk reports for senior management and relevant governance committees highlighting the risk profile control health and progress against mitigation goals.

• 5. Fincrime Operations Quality Control

  • QC Framework: Manage the end-to-end Fincrime Operations quality control framework. You will define sampling methods and scorecards for every domain ensuring all outcomes align strictly with our risk appetite. Close the loop by translating results into targeted coaching training programs and process refinements to proactively mitigate risk.
     

Requirements:

• Experienced in compliance risk management within Financial Services

• Proven leader with a track record of building and scaling high-performing compliance or risk teams in fast-paced environments

• Demonstrated capability in strong stakeholder management and resilience with the ability to effectively navigate complex organisational dynamics

• Strong problem-solving skills utilising regulations and data for strategic decision-making

Nice to have:

• Education: Bachelors degree in Finance Business Administration Law or related field.

• Certifications: ICA CAMS or equivalent certification (CDD/EDD focused).

• Experience with AML reporting requirements and processes.

• Experience with data analysis tools (e.g. Looker SQL).

• Experience in outsourcing projects and auditing.

Additional Information :

For everyone everywhere. Were people building money without borders  without judgement or prejudice too. We believe teams are strongest when they are diverse equitable and inclusive.

Were 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.

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Remote Work :

No

Employment Type :

Full-time