Partner Risk Assessment Specialist

Wise•Austin, TX

13h

About The Position

As a Partner Risk Assessment Specialist, you will play a critical role in ensuring that Wise adheres to regulatory and compliance requirements. You will be responsible for onboarding and risk assessing banks and online platforms partnering with Wise. This position offers the unique opportunity to influence Wise’s mission and establish partnerships that facilitate instant, borderless money for more people. Your mission Wise Platform helps financial institutions and large enterprises leverage Wise’s infrastructure to offer their customers world class payments products through their own platforms. Wise Platform is a start-up within a scale up. We’re a cross functional team across sales, account management, product, engineering, compliance, analytics and many other functions. We’re based across the world – from London to Singapore, Austin and beyond. Your primary mission will be to onboard banks and online platforms, assessing their compliance policies, producing comprehensive compliance memos to determine partner risk and hand-holding partners through their KYC journey.

Requirements

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 financial services industry compliance experience, preferably at a bank, trading, payments, or fintech institution
Strong experience in due diligence, financial crime compliance, and risk mitigation (e.g. sanctions risk)
Skilled in investigation and business notation, specializing in evaluating risk assessments and compliance documentation, able to make decisions based on these
Proven experience onboarding large enterprises to financial platforms, effectively managing complex organisational structures and processes
Strong capabilities in documenting business processes and compliance measures with clarity and precision
Understanding of risk-based approaches and assessments as well as control design and implementation in Risk and Compliance

Nice To Haves

Correspondent banking experience
ICA/ACAMS certifications

Responsibilities

Policy and Procedure Review: Conduct thorough and detailed due diligence on our banks and online platforms to assess their compliance with regulatory requirements, internal policies, and industry standards.
Review partners’ documentation, including Know Your Customer (KYC) information, legal agreements, and other relevant materials to ensure accuracy and completeness.
Document your findings in compliance memos that summarize potential risks.
Assist in the development and improvement of the compliance onboarding process to enhance efficiency and effectiveness.
Onboarding New Partners: Manage the onboarding process for banks and online platforms, ensuring seamless integration with Wise Platform.
Keep abreast of regulatory developments and industry best practices to ensure that the onboarding process aligns with the latest compliance standards.
Develop and maintain strong relationships with partners to facilitate smooth onboarding and address any compliance-related queries or concerns.
Risk Assessment and Control Recommendations: Evaluate and recommend appropriate monitoring controls based on the inherent risks identified during the onboarding process.
Apply broad industry, operational risk, and regulatory knowledge to drive onboarding excellence
Cross team collaboration: Collaborate with internal stakeholders, such as Legal, Risk Management, and Business Development, to obtain necessary information and approvals for client onboarding.
Act as a SME to senior stakeholders and/or other team members related to Enterprise Due Diligence processes and compliance requirements