Third Party Risk Lead

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.

More about our mission and what we offer.

Job Description

About the Third Party Risk Lead: 

Note: This role supports the growth and implementation of the IntraGroup Risk Framework by assisting in the review and enhancement of the internal entity lifecycle, including onboarding and offboarding processes from one Wise entity to another. Working closely with Third Party Risk Regional Leads and Country Managers, you will help maintain service standards and ensure consistency in execution. Furthermore, you will contribute to wider framework discussions with the Global Third Party Risk team to ensure our localized efforts align with global policy and practices.

This role involves leading and growing both global and regional specific efforts, providing strategic support, and fostering a culture of third-party risk awareness throughout the organisation. The Lead needs to work in close coordination with the rest of the TPRM team, and the Third Party Management team at large. 

The Lead provides expert guidance to senior stakeholders, coordinates cross-team projects, and contributes to the strategic alignment of TPRM strategies with the company's overall risk management and business objectives.

This role will operate both as individual contributor and owner of aspects of the TPRM programme from IntraGroup perspective, and as team contributor for items that are delivered by other members of the TPRM leadership team, or delivered as part of the Team.

The Third Party Risk Lead sits within the wider Third Party Risk Team and is responsible for partnering with internal Wise teams to provide robust guidelines for governance and regulatory compliance. This involves managing the risks associated with the onboarding, ongoing oversight, and offboarding of Third Parties, Banking Services, and IntraGroup Arrangements.

This position focuses on the implementation and oversight of the TPRM program in alignment with industry standards and regulatory expectations. The Lead contributes to the maintenance and enhancement of the TPRM framework and policies, ensuring they remain aligned with industry best practices and Wise’s Enterprise Risk Management framework.

TPR Lead duties and responsibilities:

Regulations / Industry Standards

• Supporting the TPRM program in alignment with industry standards and regulatory expectations. 

• Contributes to maintaining, and enhancing the comprehensive TPRM framework and policies to ensure alignment with industry best practices, regulatory requirements, and the Wise's Enterprise Risk management framework. 

• Maintain up-to-date knowledge of relevant outsourcing regulations, laws, and industry standards affecting third-party risk management. Ensure the TPRM program aligns with regulatory requirements and best practices, and contributes to designing a strategic foundation for building processes and operationalizing relevant regulatory expectations.

Stakeholder Engagement

• Work in close coordination with the rest of the TPRM Leadership team, and the Third Party Management team at large. 

• Works with senior stakeholders, coordinates cross-team projects, and contributes to TPRM strategies with the company's overall risk management and business objectives.

TPRM Controls & Processes

•  Develop, maintain, and update the TPRM processes and controls to align with industry best practices, regulatory requirements, and the organisation's risk appetite. Design procedures, operational oversight controls, and continuous monitoring processes to ensure the TPRM framework effectively integrates into the organisation's overall risk management strategy.

Risk Management Culture

• Leading and growing both global and regional specific resources, providing strategic support, and fostering a culture of third-party risk awareness throughout the organisation.

Projects / Audits

• Contribute to and coordinate cross-team projects, audits, and inspections related to TPRM scope. 

Subject Matter Expertise

• Provide thought leadership, direction, guidance, and subject matter expertise, and provide insightful reports on TPRM to the rest of the TPRM leadership and the Wise Leadership team. Foster a culture of third-party risk awareness across the organisation.

Continuous Improvement

• Contribute to strategic oversight and continuously audit current processes to optimise third-party management processes, together with the rest of the TRPM leadership. The goal is to enhance the efficiency and effectiveness of controls, identify areas for improvement, and develop improvement plans. 

TPRM Strategy

• Operates both as individual contributor and owner of aspects of the TPRM programme, and as team contributor for items that are delivered by other members of the TPRM leadership team, or delivered as part of the Team. 

• Build, lead, and mentor a high-performing team of third-party risk specialists, both globally and regionally, providing guidance and professional development opportunities to team members. Conduct regular reviews and address performance issues. Build and embed a culture of awareness and continuous improvement within the third party risk management function. 

• Ensure that TPRM strategies are aligned with the organisation's overall risk management framework and strategic objectives. This involves collaborating with 2nd line of defence stakeholders, Leadership team and  key teams to ensure the third-party risk considerations into the broader organisational risk profile and strategic planning processes.

Qualifications

You are the perfect fit if you have:

• Knowledge of laws and regulations governing third-party management and IntraGroup management in financial services, and industry standards at global and regional levels, with the ability to scope and operationalize regulatory requirements.

• Excellent time and project management skills, demonstrated by the ability to effectively scope and coordinate team affairs in the TPRM domain.

• A structured and thoughtful approach to challenges and collaborations.

• Strong verbal and written communication skills for stakeholder interaction, with the capability to present with impact and influence.

• A strong analytical and strategic mindset with TPRM program development skills.

• A focus on problem-solving and good decision-making skills.

• Strong knowledge of the Due Diligence world, third-party risk, and TPRM program development.

• A “can-do” attitude and a passion for tackling challenges and accomplishing tasks.

• A strategic, constructive mindset that aids in process improvement with a strategic vision.

• The ability to work with a wide group of stakeholders and the leadership team.

• Adaptability and comfort in a fast-paced environment, with flexibility in changing priorities.

• Leadership skills that foster growth and continuous improvement in team processes and members.

Additional Information

Salary: starting from 3700 EUR monthly gross and RSU (Restricted stock units). 

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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