Strategic Partnerships Compliance Risk Analyst

We’re looking for a Strategic Partnerships Compliance Specialist to join our team.

This role is a unique opportunity to have an impact on Wise’s mission, grow as a specialist in the compliance field, help millions of people around the world save money, and drive growth on the Wise Platform. You will also develop an in-depth understanding of Wise’s business model and foster relationships with teams across the company as you work to help them understand compliance risk exposure and mitigation strategies.

Your Mission:

Wise has already pioneered new ways for people to transfer money across borders and currencies. Our customers can also manage their hard-earned money with the world’s first platform to offer true multi-currency banking. Your mission is to review and on-board potential partnerships escalated on the Wise Platform according to Wise’s internal risk-based approach, appetite, and policy.

What You’ll Actually Do!

You will be a member of Wise’s Partnerships team reviewing and on-boarding different strategic partnership models:

• Review and on-board Wise’s strategic partners on the Wise Platform, banking partners, correspondent services, marketplaces/payroll companies,reliance & non-reliance partners, and other high-risk institutional partners;
• Review and analyze partner documentation, such as AML, Sanctions, EDD, KYC, and Acceptable Use policies, comparing them against Wise’s policies and internal risk-based approach;
• Analyze partner financial crime risk by assessing relevant areas of their compliance program and controls;
• Screen and assess the partner’s potential reputational risk to Wise from Sanctions, PEP, and adverse media exposure;
• Work alongside Product and Regulatory Compliance teams to address and mitigate identified partner risks;
• Communicate with internal and external partners to facilitate scalable, compliant growth for all strategic partnerships;
• Conduct risk scoring assessments and assign scores of low, medium, and high risk to partners according to Wise’s internal risk-based approach, as well as prescribe mitigation methods based on risks identified;
• Complete refresh cycles on approved partnerships and analyze compliance metrics of the partner’s customer base (e.g. AML and Fraud rates) for the sake of ongoing monitoring;
• Work closely with Business Development, Account, Implementation to on-board partners, update on review statuses, communicate compliance concerns, and answer queries and concerns from their end or that of the partner’s;
• Draft compliance memos and final partner analyses outlining all identified risks, prescribed methods of mitigation, and overall decision to approve, reject, seek approval from an adjacent compliance team, or advise on a different path to partnership;
• Keep up-to-date with any changes or adjustments in Wise’s internal approach to KYC/CDD, AML, Fraud, and EDD;
• Answer queries related to strategic partnerships from your colleagues;
• Help your lead and team members to improve partner review processes, efficiency, and with cross-team initiatives;
• Continuously keep up-to-date with industry best practices and internal risk-based approaches to high-risk client on-boarding and monitoring.

A Bit About You!

• You have excellent verbal and written command of the English language (additional languages are a plus);
• You're able to multi-task and take responsibility in challenging situations;
• You have a keen eye for detail and are able to extrapolate risk based on partner provided information and documentation;
• You're punctual, independent, proactive and willing to get things done;
• You’re a natural at building and maintaining good working relationships with both internal and external stakeholders across multiple cultures, geographies, and disciplines;
• You have at least 3+ years of experience in AML or related fincrime operational team;
• You have a proven track record of effectively multitasking, prioritizing, taking responsibility, and executing tasks in challenging situations with minimal oversight;
• You’re able to synthesize complex requests from multiple parties into tangible deliverables within tight deadlines;

If this sounds like you,you are based in Tallinn, and are ready to take on a different challenge than the standard day-to-day of KYC, then we would love to see your application!

About the role:

• Reports to: SPC Team Lead;
• Starting salary: 2,350 EUR gross/monthly;
• Management Level 4.
• Start Date: Q2 2023 (April/May)

Hiring process:

• Application review: Resume and Cover Letter
• First interview with the team (45 minutes)
• Final interview with Head of Growth Function (30 minutes)

If you're interested in this role, please apply by submitting your CV and cover letter by 16th of February 2022.

Restricted Stock Units in a profitable company
Wellbeing support - You and your family have access to an Employee Assistance Program, where you’ll be able to speak to qualified counsellors for support on anything that matters to you
6 weeks of paid sabbatical after 4 years at Wise on top of annual leave
National health insurance plan, with additional 
3 health days per year, and sports allowance
Volunteering day off
Hybrid model of flexible working