FinCrime Compliance Testing Specialist

There is an international Compliance Monitoring and Testing function at Wise, responsible for assessing the health and effectiveness of business controls and their compliance with relevant laws and regulations.

The role of FINCRIME COMPLIANCE TESTING SPECIALIST is embedded in the FinCrime Compliance and Monitoring team, and is responsible for assessing the health, effectiveness and compliance of the operational controls of Wise’s fincrime teams, such as transaction monitoring, KYC, EDD, sanctions, amongst others, writing reports, and agreeing remediation plans with our teams. You are an integral part of a team that supports compliance by ensuring our controls are healthy and in line with regulations and regulator expectations

In this role, which is based in either Tallinn or Budapest, you will work closely with other testing and monitoring staff based in the UK, Estonia, USA, and other markets as well as other staff in Compliance Oversight in Brussels and our various offices worldwide.

Our mission in Compliance is to build, maintain and launch compliant and scalable products which protect our customers and Wise against threats of financial crime. In the Compliance Monitoring and Testing Team, we aim to not only provide our regulators and banking partners with confidence in our financial crime programme, but also to give that same confidence to our internal stakeholders – the Board and Wise team at large.

This role requires close partnership with our FinCrime compliance operational and product teams, with opportunities to present to stakeholders on testing, and shape the direction of the Compliance Monitoring and Testing function and programme at Wise.

DUTIES

• Work as part of a growing, international second line FinCrime Compliance Monitoring and Testing Team to develop and maintain the testing reviews  methodology and associated testing procedures;
• Support on the development and enhancement of Compliance Monitoring and Testing, including localisation of testing scripts and schedules;
• Responsible for all steps in testing, including writing and following testing scripts, liaising with first line teams, generating observations and results, writing reports, recordkeeping testing outcomes, and tracking remediation actions;
• Conduct desk-based compliance reviews to assess the effectiveness of policies and operational procedures and identify potential compliance gaps in areas including KYC, transaction monitoring, sanctions screening, and anti-fraud, amongst others;
• Liaise with first line teams to arrive at remediation plans;
• Support on tracking and assessment of remediation plans identified in the reports until they are resolved and closed out; 
• Support on the writing of management information as regards the status of the testing plan and the remediation of testing outcomes to committees and boards;
• With support from your lead, conduct inquiries and investigations to ensure that appropriate corrective actions and/or risk mitigation actions are implemented in a timely manner or escalation is made as necessary.

REQUIREMENTS

• Minimum 12 months experience within AML/CTF/KYC/Anti-Fraud compliance is a must;
• Some experience in quality control / quality assurance, testing, or audit would be an advantage;
• Excellent communication and writing skills;
• Good eye for detail and high levels of accuracy;
• Self-starter and able to work independently;
• Good organisational and time management skills;
• Good interpersonal skills;
• Likes to collaborate with others;
• Confidence in making decisions.

We’re people without borders — without judgement or prejudice, too. We want to work with the best people, no matter their background. So if you’re passionate about learning new things and keen to join our mission, you’ll fit right in. 

Also, where and what you studied isn't important to us. If you’ve got great experience, the right skills for the role and you’re great at articulating your thinking, we’d like to hear from you.