Description
We are seeking a Senior Regulatory Compliance Manager to join our UK Compliance Team. You will provide regulatory advice and objective check and challenge to enable Wise to scale its UK businesses compliantly.
Your main responsibilities will include:
- Advising the business on regulatory requirements, specifically focusing on FCA regulations, capital and liquidity compliance expectations, regulatory reporting, and applicable sections of the FCA Handbook.
- Providing check and challenge to regulatory analysis, regulatory risk assessments, and controls provided by our first-line Product Risk and Compliance team.
- Supporting first-line teams to identify and mitigate regulatory risks.
- Conducting regulatory analysis on upcoming changes to FCA requirements and the UK regulatory framework, advising first-line teams on implementation plans to ensure compliance.
- Drafting regulatory compliance policies and guidance.
- Leading obligations mapping for new product offerings.
- Understanding and applying the relevant aspects of the operational resilience requirements.
- Interpreting consumer duty and conduct requirements.
- Working closely with the wider regulatory team to manage our policy framework, FCA regulatory engagement, and conduct reporting.
- Helping maintain and update the UK compliance framework, policies, and documentation within the broader Wise Group compliance framework.
- Working with first-line business owners to ensure findings from audits and monitoring and testing are remediated efficiently and effectively.
- Providing regulatory training and self-help materials to assist first-line teams to comply with regulatory obligations and compliance policies.
- Handling escalations from first-line teams on product developments, incidents, and issues.
- Reporting on the UK's compliance performance, regulatory breaches, and the effectiveness of compliance controls via comprehensive and insightful Management Information (MI).
The ideal candidate will have:
- Deep working knowledge of UK regulations, including FCA requirements.
- Hands-on experience providing regulatory advice, engaging with the FCA, and managing regulatory risks relating to financial products and services.
- Strong communication and organisational skills.
- Experience managing or mentoring other employees and enabling them to develop their knowledge and skills.
This is a hybrid role, requiring 3 days in the office and 2 days from home. Working hours are 9am to 6pm.