Western Union Senior Risk Assurance Manager in London, United Kingdom
Job Title: Senior Risk Assurance Manager
Requisition #: 1802823
Does playing a critical role in protecting customers sound exciting to you? How about working for a global fintech company on an advanced team that is passionate about preventing money laundering and other illegal financial transactions?
We’re seeking a Senior Risk Assurance Manager,based in our Hammersmith, London office. In this role, you will be reporting directly to the Global Head of Sales Operations, and will develop, agree and implement 1 st line of defense policies and procedures by partnering with regional VPs, and senior global stakeholders (often VP & above), across multiple internal departments. The main objective of this role is to establish processes and controls for the 1 st line of defense, to address global compliance and audit issues, regulatory, operational, market, legal, customer and conduct risk.
Sound interesting?Here are some specifics:
Establish and maintain strong globalrelationships with 2 nd and 3 rd line of defense andother key stakeholder, to ensure alignment of goals, consistency inapproach and application at a global level in meeting 1 st lineobjectives.
Achieve afocus on positive customer outcomes and achieving commercial objectives alignedwith robust controls
Liaise with legal, credit, audit,compliance, operations, and finance when developing global policies,procedures and controls to mitigate 1 st line risk.
Working with key 1st line global seniorstakeholders to develop, agree and implement policies & procedures.
Development and rollout of managementinformation systems, reporting, and escalation processes & proceduresrelated to regional and global goal attainment.
Provide training, educational, mentoringand support programs that assist 1st line management in developing theirGTM teams at a regional level to maintaining a culture of complianceconsistent with WU Way objectives.
Continually develop ideas for improvementand conduct post implementation reviews to ensure new procedures and controlsare embedded into the business in an effective a timely manner.
Prepare and/or coordinate reports,briefing papers, summaries and other supporting material in preparation ofinternal audit and compliance meetings.
Design and implement ongoing coordinationof a governance structure/committee for the approval and ongoingmaintenance of global policies and procedures owned by 1st line.
Keep 1 st line stakeholdersabreast of regional and global regulatory developments or businesspractice evolving from associations relating to OTC derivative markets.
Develop programs to assess and measureimpact on key commercial objectives of controls at a regional level whenusing minimum global standards.
What you will need to succeed:
Previous experience in setting up governance andassociated infrastructure to manage and monitor ongoing performance.
Experience ofworking in Global Financial Markets. Additionally, working in anenvironment where some functions are outsourced.
Demonstrated ability to coach and train (must be able toconduct group and one-on-one training)
Ability to influence others and manage difficult situationsat a senior/exec level, as well as deliver new governance procedures in atimely fashion across all geographies
Good project management (can manage to tight deadlines)
Strong problem solving and analytic skills (i.e., can conductroot cause analysis, make recommendations, and track results)
Strong written, oral, communication and presentation skillsrequired (to include comfort working in Excel and PowerPoint)
Knowledge of specific business lines, products and functionsservices a plus; knowledge of Lean or Six Sigma also a plus
What will make you stand out:
Experience in OTCmarkets as an issuer or price maker at a licensed finance institution aplus.
You will be a self-motivated team player who is focused ongiving the highest level of service.
Preferred background in compliance / business analysis infinancial markets.
What’s in it for you?
Competitive global pay,benefits and mobility
Unparalleled experience,working for a market leader in FX payment solutions
The chance to share yourideas and contribute to the development of our products
Diverse, global teamwith colleagues in over 50 countries
What it’s like here:
The Payments Business Unit of Western Union is one of the world's leading providers of international business payments and foreign exchange. With access to over 130 currencies, we enable companies of all sizes as they move money across borders via a financial network that spans over 200 countries and territories. We’re disrupting fintech with our groundbreaking digital B2B platform, WU EDGE, which helps companies spend less time handling international payments and worrying about foreign exchange exposure, and more time growing their businesses. And we’re just getting started!
Being on the Western Union team means being tenacious and goal-oriented. It means taking risks and quickly finding the path to success. It means having integrity and finding ways to make things work. It means thriving as part of a diverse, global team of over 10,000 people who are committed to moving money for better . It means being driven to win, and to do work that makes a difference… on a global stage. Sound like you? Apply now!
Inclusion and diversity are fundamental to our culture and success. Achieving our common vision depends on people with diverse backgrounds working together on teams. Who knows, your unique point of view could be the key to our next groundbreaking idea. We’d love to explore that possibility!
Western Union is proud to be an Equal Opportunity-Affirmative Action Employer. The company will provide accommodation to applicants, including applicants with disabilities, during the recruitment process, in accordance with applicable laws. We are committed to equal employment opportunity regardless of race, color, religion, sex (including pregnancy or related medical conditions), national origin, veteran status, sexual orientation, gender identity, age, disability, marital status or another protected category.
Acting as the fully accountable GTM representative and expert, establish and maintain strong global relationships with 2nd and 3rd line of defense and other key stakeholder, to ensure alignment of goals and objectives at a departmental level and to ensure consistency in approach and application at a global level in meeting 1st line objectives. Ensure clear segregation of duties to effect doing things better in the 1st line to allow a focus on positive customer outcomes and achieving commercial objectives aligned with robust controls. Liaise with legal, credit, audit, compliance, operations, and finance in considering requirements of these stakeholders when developing global policies, procedures and controls to mitigate 1st line risk. Working with key 1st line global senior stakeholders to develop, agree and implement policies, procedures and controls into the GTM business as recommended by audit, compliance, or as best business practice, to mitigate risk. Development and rollout of management information systems, exceptions reporting, and escalation processes and procedures related to regional and global goal attainment. Provide training, educational, mentoring and support programs that assist 1st line management in developing their GTM teams at a regional level to be aware, supportive and proactive in maintaining a culture of compliance consistent with WU Way objectives. This individual will continually develop ideas for improvement and conduct post implementation reviews to ensure new procedures and controls are embedded into the business in an effective a timely manner. Some external stakeholder management may be required. Prepare and/or coordinate reports, briefing papers, summaries and other supporting material in preparation of internal audit and compliance meetings. Design, implement and ongoing coordination of a governance structure/committee for the approval and ongoing maintenance of global policies and procedures owned by 1st line Support in preparation for all meetings, including talking points for senior leadership members. Represent the RVPs as requested in internal meetings where required on audit and compliance actions. Provide with presentations on request for Senior Executive Global Payments forums. Provide timely and effective advice to 1st line Senior Executive, and RVPs on potential entry into new jurisdictions. Keep 1st line stakeholders abreast of regional and global regulatory developments or business practice evolving from associations relating to OTC derivative markets. Attend and support the RVPs with preparation for meetings with internal stakeholders including (a) integrating information and coordinating message content (b) preparation of adequate briefing materials (c) minutes and notes and (d) implementing effective follow-up mechanisms. Design and draft and rollout two-way communications to ensure the effective enablement of new procedures and controls into GTM functions. Develop programs to assess and measure impact on key commercial objectives of controls at a regional level when using minimum global standards.