This role is based out of Singapore and has the unique opportunity to have a direct impact on Wise’s card product and our cardholders, globally. 

As our Scheme Compliance Specialist, you will be expected to:

• Keep abreast of scheme requirements and changes impacting us, and advise the product stakeholders accordingly
• Translating scheme rules for Product, Engineering, Operational and Business teams into understandable requirements
• Maintaining compliance registry/matrix to ensure Wise products are compliant with Scheme rules as well as horizon scanning and planning for upcoming mandates.
• Empowering teams with tools and knowledge through collaboration and training sessions to ensure compliance is a key part of the product development and maintenance processes.
• Lead and manage engagements with the schemes in a manner that safeguards and advances the company’s core interests.
• Support product on requirements and scope of change, in order to comply with relevant requirements in the context of issues and problems that are raised during normal business activities
• Work hand in hand with product stakeholders to identify and manage any financial risk including managing extensions or waivers.
• Develop, implement, and execute compliance testing/monitoring, continuous assurance, and reporting

Key Skills required to succeed:

• Project Management: Experience in managing project-based initiatives, which includes prioritisation of tasks and impact analysis.
• Critical Thinking and Problem-Solving: Capability to independently investigate transaction processing behaviors and identify areas for improvement.
• Understanding of Card Payment Systems: Deep knowledge of the card payment landscape, including Visa and Mastercard regulations.
• Mandates Interpretation: Ability to interpret and translate scheme rules for Product, Engineering, Operations, and Business teams, into actionable insights.
• Attention to Detail: Ensuring accuracy in monitoring and building health and compliance metrics.
• Communication Skills: Strong ability to communicate effectively with card product stakeholders and scheme partners to provide support and insights.
• Stakeholder Management: Ability to work collaboratively with various stakeholders to support product improvements.
• Continuous Improvement: Ability to collaborate with cross-functional teams to implement improvements based on findings, and contribute to the development of best practices and standard operating procedures.

Qualifications

• 3-4 years of compliance experience in payments (background in regulatory compliance/core compliance)
• Experience in card payments (issuer/acquirer/merchant or international scheme)
• Experience collaborating and liaising with regulatory bodies/international schemes/partnerships in a complex and fast environments

Preferred Qualifications:

• Experience in the financial services industry.
• Knowledge of payment processing systems and technologies.
• Certification in data analysis or related fields.