Prudential Risk Senior Manager

Wise; London; On-site; GBP 85,000 - 115,000; Full time

Job summary

Wise is seeking a Prudential Risk Senior Manager to enhance its risk management capabilities. The role involves coordinating risk frameworks, engaging with stakeholders, and ensuring compliance with capital and liquidity requirements, contributing to the company's mission of managing international money transfer efficiently.

Qualifications

• Experience in payments businesses or asset management is desirable.
• Proven track record of delivering results in financial services.
• Knowledge of industry best practices is essential.

Responsibilities

• Implementing a data-driven prudential risk management approach.
• Leading recovery and resolution planning processes.
• Assessing risks and ensuring capital and liquidity adequacy.

Skills

Understanding of prudential capital & liquidity requirements

Experience managing financial risks

Strong communication skills

Attention to detail

Job description

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Company Description

Wise is a global technology company, building the best way to move and manage the world’s money.

Company Description

Wise is a global technology company, building the best way to move and manage the world’s money.

Min fees. Max ease. Full speed.

Whether people and businesses are sending money to another country, spending abroad, or making and receiving international payments, Wise is on a mission to make their lives easier and save them money.

As part of our team, you will be helping us create an entirely new network for the world's money.

For everyone, everywhere.

Job Description

More about our mission and what we offer.

We’re looking for a Prudential Risk Senior Manager to join the 2nd Line Risk function (2LOD) You will be part of the Group Risk Management organisation, reporting into the Head of Prudential Risk and Stress Testing.

This role ensures we understand and can measure all material risks, and hold capital and liquidity accordingly. This includes:

(i) working across our business and markets to embed our prudential risk framework and operating model,

(ii) supporting the identification and quantification of material and emerging risks, and

(iii) using risk assessment techniques to inform enhancements in product features and the control environment, balancing capital and liquidity resilience with P&L optimisation, and enhancing our recovery and resolution plans in the event of adverse scenarios.

Your Mission

• Understand our full suite of products and services and apply their understanding of risk to the Wise business models and products (which is an EMI and investment firm)
• Apply knowledge of prudential risk regimes to the Wise business models, products and markets, with experience across different regimes (e.g. ICAAP, ILAAP, ICARA) desirable
• Coordinate a meaningful, data-driven prudential risk management and stress testing program across 1LOD and 2LOD, working collegiately with all stakeholders
• Engage effectively with 1LOD risk owners, and confidently highlight assumptions that drive risk and challenge control effectiveness
• Develop new skills and ways of working - including through the adoption of new technologies (e.g. Artificial Intelligence) and the application of inherent curiosity and critical reasoning - to further enhance our risk management capabilities
  
  

What You'll Be Doing

• Implementing a data-driven and methodologically robust prudential risk management approach and stress testing program; including operating models that capture the effects between different risk types
• Assessing data from multiple sources and leading scenario workshops with 1LOD risk owners to understand and quantify key harms - through the application of internal and regulatory requirements - to allocate capital and liquidity across products and legal entities
• Assessing 1LOD prudential risk management activities to ensure risks and controls are appropriately managed, and developing an independent view of capital and liquidity adequacy (supported by Risk Analytics) to enable robust review and challenge
• Leading our recovery and resolution planning process, ensuring that key risk indicators are in place, actions are appropriate, and that market and group permutations are appropriately considered
• Combining risk management expertise with commercial awareness to solve complex real world challenges that support the Wise mission
  
  

What You'll Bring

• Understanding of prudential capital & liquidity requirements and prudential risk management regimes
• Experience managing financial or non-financial risks in financial services firms, with exposure to payments businesses, electronic money institutions (EMIs), or asset management highly desirable
• A progressive and pragmatic approach to risk management and proven track record of delivering results. Knowledge of industry best practices is essential
• Strong communication and interpersonal skills, with a resilience and determination to succeed that enables you to form trusted relationships with a range of stakeholders
• Excellent attention to detail and problem-solving skills with a willingness to get into the details and get things done
  
  

Additional Information

Salary 85000 - 115000 GBP

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.

Keep up to date with life at Wise by following us on LinkedIn and Instagram.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

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