Product Counsel – North America

ComplianceNew York

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Office

New York

Team

Compliance

Salary Range

$110,000 - $180,000 + RSUs - Salary is dependant on experience

This role does not require the candidate to be legally qualified, but we expect to be able to engage comfortably with legal and regulatory analysis

This is not a remote role. This position will be based in New York City with two days per week in the office. 

We’re looking for a Product Counsel to work alongside our North American Product Teams to help launch new products and services, as well as maintain and upgrade our existing offering in North America. You will work closely with the North America Product Leads, to support a cross-functional team of Bankers, Engineers, Government Relations, Public Relations and Operations Specialists.

Your primary focus will be to help the Product Team to expand the offering of our product in the US and Canada and identify and effectively manage regulatory compliance risks across a range of the existing and new products. You will be expected to maintain a strong awareness of the impact of regulation on commercial viability and technological innovation. 

Your mission: 

Launch New Products and Features:

  • Collaborate with Product Teams throughout the product lifecycle: from design and user testing, to launch and post-launch monitoring.
  • Empower Product Teams to take a risk based approach to building products, processes and controls.  
  • Collaborate to build practical and customer oriented product solutions while ensuring that the product remains compliant.
  • Identify opportunities to improve our product proposition / competitiveness by thoroughly analysing relevant regulations and challenging existing interpretations and market practice. 

Manage and Mitigate Regulatory Risks: 

  • Identify and manage Regulatory Risks across all Wise products offered in North America.
  • Perform pre-launch and ongoing risk assessments, offering effective advice to Product Managers on existing and forthcoming regulations, gaps and risks.
  • Collaborate with colleagues in the Compliance Oversight and Regulatory Liaison to ensure Product Teams are aware of new and upcoming US and Canadian regulations and guidance from Regulators and industry groups.

Maintain an enterprise wide view of risk:

  • Escalate breaches and high rated risks to Compliance Oversight in order to help maintain an enterprise-wide view of Wise’s regulatory risk environment. 
  • Identify related risk typologies and ensure that the relevant specialist teams (i.e. Financial Crime, Privacy, Treasury, Finance)  have provided input into the product lifecycle.  
  • Assist Product Teams in developing and maintaining track of relevant risks across their product, including mitigation plans, action owners and timelines to completion. 

A bit about you:

  • Previous experience providing Compliance Advice within Financial Services, preferably with a focus on Money Services Business;  
  • Familiar with US and Canadian Federal and State/Provincial regulations;
  • Familiar with the evolving regulatory expectations of the applicable US and Canadian Regulators (CFPB, FINCEN, FINTRAC, etc.) with regards to Money Service Businesses;
  • Familiar with the local payment systems and their requirements within both US and Canada, including ACH, Card Networks, Wires; 
  • Ability to effectively communicate with Product Managers and Engineers and provide practical, actionable, and value added recommendations; 
  • Problem solving attitude, with the ability to use regulations together with data to drive business decisions; 
  • Experience (or interest) in working in a fast-growing technology driven environment; 
  • Willing to travel (after lock-down restrictions) for about 25% of the time as Wise offices are located across different countries; 
  • Legally authorised to work in the US. Sadly, we cannot support visas for this role.

What we offer in return:

  • Competitive base salary
  • Generous stock options package
  • Lots of awesome Wise benefits 

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, qualifications aren’t that important to us. If you’ve got great experience, and you’re great at articulating your thinking, we’d like to hear from you.

And because we believe that diverse teams build better products, we’d especially love to hear from you if you’re from an under-represented demographic.

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