As a Manager in Economic Crime Non-Personal, you'll lead elements of economic crime advisory, with a specific focus on business banking activities across Nationwide. This is a varied, captivating and exciting role with significant exposure to key stakeholders across the Society to ensure current and emerging laws and regulations are complied with and economic crime risk is managed within agreed Risk Appetite.
With an eye for detail, you will ask the right questions to pinpoint key issues, challenge where necessary, and ensure that we think expansively to achieve the right outcomes for the Society. You will have the integrity to build trust and credibility with your stakeholders, as well as the foresight and energy to formulate plans and drive results.
You’ll be based in Economic Crime Risk & Compliance team as a key part of Nationwide’s second line of defence. Within the Risk Function we are responsible for ensuring the Society delivers its strategy in a safe and controlled way, appropriately balancing risk, and reward.
Working in the 2nd Line you play a key role in shaping and advising on policy relating to how Nationwide manages economic crime risk across business areas, providing expert advice to senior leaders and overseeing how these areas manage controls which mitigate these risks.
We are happy to consider flexible working approaches to help you perform at your best.
At Nationwide, we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK-wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.
For this job, you'll be assigned to our nearest regional hub. There will be a need to regularly connect with colleagues for collaboration events in one of our office sites. This is anticipated to be quarterly in London or Swindon. If your application is successful, your hiring manager will provide further details on how this works.
Nationwide is committed to the redeployment of our employees impacted by change, as such applications for redeployment candidates will be prioritised in this recruitment process.
If you’re a colleague on long-term absence (for example, on parental leave) or a temporary worker, please use your personal email address to submit an application.
Responsibilities
What you’ll be doing
Driving a positive risk & compliance culture and ownership of economic crime risk and controls by forging long-term key internal and external stakeholders’ relationships and acting with credibility on matters of policy and controls and achievement of risk appetite.
Drafting papers for senior management to influence meetings, decisions and read across industry enforcement notices.
Assessing and advising on external legal and regulatory changes and interpreting how these need to be applied to frameworks, methodologies, standards, and controls relating to economic crime.
Inputting elements of Nationwide Economic Crime policy and supporting minimum control standards relating to management of economic crime risk within the non-personal business unit.
Providing advice to business areas and senior leaders regarding how to design and implement processes and controls which effectively manage economic crime risk.
Overseeing the assessment of economic crime risk and compliance obligations and delivery of plans to address these, ensuring appropriate governance, reporting and escalation is adhered to. This includes policy breaches, dispensations and waivers, incident resolution and lessons learned.
About you
Comprehensive knowledge and understanding of business banking products and services.
Experience and knowledge to assess economic crime risk for new products and services.
Demonstrable experience in managing economic crime risk in financial services, including an understanding of UK economic crime related legislation, regulation, and industry best practice and developments in this area (Such as the JMLSG requirements).
Experience and understanding of economic crime risks and typologies applicable to financial services and experience of working with or oversight of the economic crime detection and prevention strategies, tools, and systems.
Detailed knowledge and hands on experience of advising on the processes and controls that can be deployed to manage economic crime risk associated with financial services.
Experience of collaborating with people at all levels and building relationships with senior leaders and their teams.
Experience in participating in risk forums and challenging information and views.
Strong communication and networking skills, both written and verbal, with ability to influence and negotiate and learn new information quickly and to seek further guidance when required.
An independent, self-starter with meticulous attention to detail and ability to analyse and problem solve with experience of producing high-quality reports/papers.
Strong analytical skills with an eye for detail and comfortable with reviewing data.
Agile, proactive, able to prioritise and self-improving in your approach and always thinking about our members - they are everything to us - and to make sure they are treated fairly.
Tenacious, positive, and brave in your approach, overcoming any barriers that arise, with the confidence that you will be 100% supported to be your most productive and best self.
Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:
Feel what customers feel - We step into our customers’ shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind
Say it straight - We are brave in speaking out and saying what we think – we’re honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand
Push for better - We don’t settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development
Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes
You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.
Qualifications
The extras you’ll get
There are all sorts of employee benefits available at Nationwide, including:
25 days holiday, pro rata
Access to private medical insurance
A highly competitive pension to help you build a strong foundation for retirement
Access to an annual performance-related bonus
Training and development to help you progress your career
A great selection of additional benefits through our salary sacrifice scheme
Life assurance to provide peace of mind for you and your loved ones in the event of your death
Wellhub – access to a range of free and paid options for health and wellness
Up to 2 days of paid volunteering a year
Banking – but fairer, more rewarding, and for the good of society
We forge our own path at Nationwide.
As a mutual, we’re owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don’t see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.
If you’re inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you’re one of us.
At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community, we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.
We are purpose-driven. Uncompromisingly customer. Unstoppably Nationwide.
What to do next
If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.
We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.
The hiring manager for this role is Nicola Sparkes, and the main recruitment contact is Thomas Pegg.
Please note that should you be successful in securing this role, the job title on our internal systems will be Manager Economic Crime Advisory.
Contact Details:
Nationwide Building Society Recruitment Team
