Compliance Officer – Malaysia

Since 2011, Wise has had a clear mission: money without borders. Built by and for people who live global lives, we’re the fairest, easiest way to manage your money across borders.
We’re just at the beginning of our story and we’re growing at an incredible pace. We won’t stop until anyone, anywhere can send, spend and receive money wherever they are, whatever they’re doing. There’s still heaps to do and we can’t do it alone.

We’re looking for a Compliance Officer to join our growing FinCrime Oversight Team in Malaysia. This role is a unique opportunity to have an impact on Wise’s mission and help save millions more people money.  In this role, you will be responsible for assisting in the effective mitigation of financial crime risks through the maintenance of adequate systems and controls. 

 You shall work with a growing team of multidisciplinary specialists in Product, Treasury, Customer Support and Wise Platform to help build world class products in Malaysia. 

This role is located in Kuala Lumpur. 

Your mission:

Oversight of implementation of Malaysia AML Law

• Maintaining the controls environment in line with the AML Law and ancillary guidances, advice and challenge given to the first line teams of Wise.
• Proactively identify key risk areas of risk and work collaboratively with first line teams in the development of mitigation plans
• Ensuring that the horizon scanning process is robust and overseeing the implementation of upcoming regulations
• Drafting / updating policies to align financial crime and sanctions policies are in-line with the requirements of local AML law and ensure adequate training and feedback is provided to Wise’s internal teams.

Oversight of Regulatory Reporting

• Setup and maintain Fincrime monthly review reports to ensure appropriate review of forst line processes.
• Own up Fincrime reporting processes and address regulatory queries and feedback.
• Work with teams to report management information to the Board so they are aware of the key compliance risks.

Consulting and Maintenance

• Improve the compliance product in line with our mission to be instant, convenient, transparent and eventually free.
• Maintain our licence for Malaysia: (i) regulator liaison, (ii) regulatory reporting and filing, and be a champion of our compliance framework in audits.
• Build trust with our regulator: manage and coordinate meaningful reporting internally and externally, respond to information requests, and proactively communicate product changes and notifiable events. 
• Maintain and manage effective compliance frameworks, policies and governance documentation.
• Develop systems to track and monitor our regulatory risk, compliance with regulatory requirements and internal policies.
• Work with teams to report management information to the Board so they are aware of the key regulatory compliance, conduct and governance risks.
• Work with teams to educate them about Malaysian regulatory requirements, and empower teams to build risk based processes which are clearly documented. 
• Work with Operational teams to develop our risk based approach, provide constructive feedback and be responsible for resolutions.

This role will give you the opportunity to:

• Develop an in-depth knowledge of Wise’s business and get to know many teams across the company as you liaise with them to help them understand the regulatory framework and bring together the information that our regulators need.
• Help keep compliance right at the heart of our product developments and new initiatives by working with teams to educate on risk in your market.

A bit about you:

If you have a background in payments or other financial regulation, great communication and organisational skills, tonnes of motivation, then this role could be perfect for you!

• Theory. You are an expert in money services and payments compliance and may have worked, or work directly with Bank Negara Malaysia.
• Practice. You have over 5 years demonstrable experience designing and challenging processes, ideally across multiple products. You have thought deeply about the Wise mission and how it intersects with compliance.
• Passion. You get a kick out of improving current practices and processes and can apply different compliance strategies to develop multiple compliance frameworks.
• Get the job done. You have a sense of urgency and an ability to work well under pressure, prioritising, taking responsibility and working to tight deadlines.
• Detail. You have meticulous attention to detail and if you’ve skimmed through without reading this bullet point, I’m sure a bank would love to have you. Please add the secret word ‘broccoli’ into the cover letter uploaded to your application.
• Development. You’ve considered the challenges and development opportunities of working at a fast growing scale-up and are looking to get into FinTech or payments compliance. Here’s a taster of what it’s like working at Wise. 
• Location and Language. Must be willing to travel, subject to government regulations. You must be fluent in English and Bahasa Malaysia.

What we offer in return:

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

#LI-AH2