Deputy AMLCO

The Deputy AMLCO will support Wise Europe AMLCO in the supervision/mitigation of financial crime and sanctions risks. You will help ensure the effective oversight of Wise’s financial crime compliance framework, including AML, CTF, ABC, Sanctions, Fraud, KYC/CDD, and EDD.

You will play a key role in ensuring robust controls are in place, aligned with Belgian and European regulatory requirements, and actively collaborate with first line teams, product development, and other key stakeholders.

This role is a unique opportunity to have an impact on Wise’s mission. Wise has already pioneered new ways for people to transfer money across borders and currencies. Our customers can also manage their hard-earned money with the World’s first platform to offer true international multi-currency accounts. Your mission is to support our Group and EU product teams to launch new products and controls, and manage our risk profile through a deep understanding of the regulatory requirements and Regulator’s expectations around them.

Here’s how you’ll be contributing and supporting the Wise EU AMLCO: 

Policies and Methodologies:

• Maintain and oversee the financial crime policies and procedures, ensuring alignment with European standards, Belgian legislation and regulations, including AML, CTF, Sanctions, KYC/CDD, and EDD.

• Horizon scanning: Identify emerging regulatory developments and oversee the implementation of changes within business activities to ensure compliance.

• Support the design and delivery of training for compliance and operational teams on AML, CTF, and broader financial crime controls, ensuring staff are equipped to manage evolving risks and that EU standards are understood by Group and EU Product teams building controls.

Audit, issue management and remediation: 

• Independently assisting with root cause analysis of financial crime incidents and ensuring effective remediation plans are executed for the EU market. Ensure incidents are tracked and resolved within appropriate timelines.

• Deputise for the AMLCO when necessary, ensuring strong oversight of financial crime operations across AML, Fraud, Sanctions, KYC/CDD, and EDD.

• Act as a 2LoD liaison during internal or external audits and, where required, review audit findings in collaboration with the AMLCO and first line Product teams; 

Oversight:

• Lead the oversight team, ensuring relevant task allocation and being point of escalation

• Support product and business teams by advising on financial crime compliance for new products and features, ensuring controls meeting EU requirements and regulatory expectations are embedded from the outset.

• Provide challenge to 1LoD teams on financial crime controls, ensuring they are effective and aligned with Wise’s risk appetite and EU regulatory standards.

• Review controls related to CDD, Transaction Monitoring (TM), Screening, and broader AML/CTF requirements, ensuring fit-for-purpose controls are in place across all areas and in line with the expectations of our regulatory bodies in the EU.

• Represent the AMLCO during the monthly AML Committee, effectively challenging the proposals from first line of defense teams where needed.

Governance and MI:

• Prepare and contribute to quarterly compliance reports for senior management and the board of directors, highlighting key financial crime risks, metrics, and incidents.

• Supervise the creation and maintenance of Management Information (MI) related to financial crime risks, ensuring accurate reporting of trends, control effectiveness, and incident management to senior management.

• Support the AMLCO in leading the FinCrime Oversight team by defining the success metrics of the team, ensuring they have a development plan and report to the AMLCO.

Regulatory Engagement:

• Support the creation and delivery of content shared with the National Bank of Belgium and/or European industry bodies ensuring that Wise EU is well represented

• Support the AMLCO as a liaison to the Financial Intelligence Unit (CTIF-CFI)

This role will give you the opportunity to:

• Grow as a fincrime compliance professional and gain experience working alongside the AMLCO in an international fintech organisation.

• Deliver a compliant and secure service to our customers by taking the lead in maintaining a compliance program.

• Be part of our mission to make money without borders the new normal for our customers.

Qualifications

• 5 year experience in AML second line

• Proven experience of leading a 2LOD AML team 

• Extensive knowledge of European and Belgian regulations, and an ability to interpret KYC/AML requirements for the payment industry;

• Ability to work independently, 

• High attention to detail and feedback in order to prepare flawless and accurate (advisory) reports

• Strong analytical and problem-solving skills;

• Ability to work effectively in a fast-paced, dynamic environment;

• Experience in collaborating with cross-functional teams;

• Great communication skills

• Great English skills (writing and speaking) - Dutch and/or French are a plus

Additional Information

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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