Head of Fraud & Financial Crime Risk

Company Description

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 life 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.

Job Description

We’re looking for a Head of Fraud & Financial Crime Risk to develop and lead a second line team to provide constructive challenge and oversight of risks and controls across the wider financial crime domain. 

You’ll contribute by:

• Fostering a culture of proactive risk management through development and monitoring of sound KRIs, incidents, issues and remediation plans

• Reviewing and enhancing existing financial crime related risk frameworks

• Ensure all models related to financial crime are formally documented, approved and follow good model standards including data governance, assumptions, backtesting and model change management. 

What you’ll be doing:

• Team Development and Leadership. Develop, coach and lead a second line team focused on financial crime risk globally

• Governance and Change Control. Provide effective second line risk oversight and challenge to ensure financial crime risk is managed within its defined appetite and that financial crime controls are designed and operate effectively.

• Risk Advisory & Oversight. Provide 2 LOD risk oversight on classification, management and remediation of fincrime related risk incidents and KRI breaches (e.g. RAS KRIs)

• Risk and Control Oversight. Ensure taxonomy, and control libraries are comprehensive and well-documented and go through effective governance. 

• Models and Risk Oversight. Build appropriate governance and frameworks necessary for model risk management related to financial crime models.

• Risk Monitoring. Provide oversight and challenge to quarterly risk assessments at the financial crime risk committee and drive the focus on the right topics.

Qualifications

• Extensive experience (12+ years) in financial crime risk management, with a specific focus on fraud models and controls

• A strong understanding of financial crime typologies, taxonomies, and control frameworks

• Understanding of global regulatory regimes and experience of designing and implementing financial crime frameworks to meet multi-jurisdictional requirements

• A proven track record of developing and leading high-performing teams

• Experience with regulatory requirements and industry best practices in financial crime risk management

• Bachelor's degree in Finance, Economics, Business, or a related field. Advanced degree preferred

Nice to have but not essential:

• A professional certification in fraud examination (e.g., CFE) or financial crime (e.g., CAMS) is highly desirable.

Additional Information

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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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