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Sanctions Compliance Manager

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Wise

2d ago

  • Job
    Full-time
    Senior Level
  • Government & Politics
    Legal
  • London
  • Quick Apply

AI generated summary

  • You have financial crime compliance experience, strong sanctions knowledge, ability to manage escalations, mentor juniors, excellent communication skills, and strong analytical skills for risk assessment.
  • You will escalate sanctions breaches, assess risks, support compliance training, manage sanctions processes, deliver reports, and enhance KYC/CDD practices while leading sanctions projects.

Requirements

  • You have extensive experience in financial crime compliance, with a strong focus on sanctions regulations.
  • You have a proven ability to handle complex sanctions escalations and deliver strategic guidance on risk management.
  • You have a strong knowledge of global sanctions laws and regulations, and experience working with regulators and authorities.
  • You have an ability to mentor and train junior staff on sanctions compliance.
  • You have excellent communication skills, with the ability to collaborate effectively across various business functions.
  • You have strong analytical skills with the ability to assess risks and develop compliance strategies.

Responsibilities

  • Escalate sanctions breaches to the appropriate global/regional Compliance Oversight teams.
  • Review and assess sanctions risks related to business development, joint ventures, and mergers/acquisitions.
  • Support the wider Financial Crime team in ensuring customers are compliant with sanctions, including evaluating their sanctions controls.
  • Review screening scope changes as escalated by the list management function.
  • Support the execution of Wise’s Global Sanctions Strategy, providing advice to embed the Sanctions Policy in business and operational processes.
  • Participate in sanctions risk assessments associated with new business activities.
  • Assist in reviewing global Fincrime Operations procedures to ensure adherence to best practices.
  • Support the broader Sanctions Compliance Oversight function, including annual financial crime compliance risk assessments and horizon scanning.
  • Provide targeted training to enhance the sanctions screening and handling capabilities of the team.
  • Work with the local training team to ensure that fincrime training is up to date for all employees.
  • Build and deliver monthly management information (MI) reports related to sanctions escalations and risk mitigation.
  • Refine internal systems such as Jira to streamline work requests, define SLAs, and monitor performance metrics.
  • Ensure governance of the sanctions escalation process, including record-keeping and procedure documentation.
  • Align with the Compliance Management Team (CMT) on incident validation standards and methodologies.
  • Participate in global forums for incident management, ensuring oversight of financial crime issues and sanctions risks.
  • Lead on ad-hoc sanctions projects and contribute to the sanctions remediation program.
  • Drive improvements in Wise’s Know Your Customer (KYC)/Customer Due Diligence (CDD) processes, screening capabilities, and alert handling.
  • Support in the determination and investigation of complex sanctions cases.
  • Support the Global Sanctions Lead in activities leading to internal and external regulatory engagement.

FAQs

What is the primary responsibility of the Sanctions Compliance Manager at Wise?

The primary responsibility is to handle and provide expert guidance on complex sanctions cases while supporting the overall global financial crime strategy.

What qualifications are needed for the Sanctions Compliance Manager position?

Candidates should have extensive experience in financial crime compliance, a strong focus on sanctions regulations, and the ability to manage complex sanctions escalations, among other qualifications.

Will the Sanctions Compliance Manager be involved in training?

Yes, the role includes providing targeted training to enhance the sanctions screening and handling capabilities of the team and ensuring that training is up to date for all employees.

Is there a requirement for collaboration with other teams?

Yes, the Sanctions Compliance Manager will need to collaborate effectively across various business functions and work closely with internal teams, external partners, and regulators.

What kind of reports will the Sanctions Compliance Manager be responsible for?

The Sanctions Compliance Manager will be responsible for building and delivering monthly management information (MI) reports related to sanctions escalations and risk mitigation.

Does Wise value diversity and inclusion in the workplace?

Yes, Wise believes that inclusive teams help live their values and ensure every employee feels respected and empowered to contribute.

Will the Sanctions Compliance Manager have a role in incident management?

Yes, the manager will participate in global forums for incident management and ensure oversight of financial crime issues and sanctions risks.

What experience is essential regarding global sanctions laws and regulations?

A strong knowledge of global sanctions laws and regulations, along with experience working with regulators and authorities, is essential for this role.

Are there opportunities for professional development in this position?

Yes, the Sanctions Compliance Manager will have opportunities to mentor and train junior staff, contributing to their professional development.

How does Wise ensure compliance with sanctions regulations?

Wise ensures compliance through the execution of the Global Sanctions Strategy, conducting risk assessments, and providing advisory support on complex sanctions cases.

Wise

160+ countries. 40+ currencies. Money for here, there and everywhere.

Finance
Industry
1001-5000
Employees
2011
Founded Year

Mission & Purpose

Wise is a global technology company, building the best way to move money around the world. With the Wise account people and businesses can hold 40+ currencies, move money between countries and spend money abroad. Large companies and banks use Wise technology too; an entirely new cross-border payments network that will one day power money without borders for everyone, everywhere. However you use the platform, Wise is on a mission to make your life easier and save you money. Co-founded by Kristo Käärmann and Taavet Hinrikus, Wise launched in 2011 under its original name TransferWise. It is one of the world’s fastest growing, profitable technology companies and is listed on the London Stock Exchange under the ticker, WISE. 16 million people and businesses use Wise globally, which processes £9 billion in cross-border transactions every month, saving customers around £1.5 billion a year. For customer queries: Please note that LinkedIn is not a Wise Customer Support channel. If you would like to hear from our Customer Support team, please see our Facebook, Twitter and Instagram pages.