Economic Crime Reviewer – 9 Month FTC

Nationwide Building Society

  • Full Time

You’ll be a key part of the Economic Crime Oversight team responsible for conducting testing to provide closure assurance on Programme/ Remediation activities. This will be particularly in relation to Anti-Money Laundering and Sanctions, but support on Bribery and Corruption, and Fraud related testing may also be needed. This could be across any area of the business and will help the Society demonstrate it is meeting legal and regulatory obligations in relation to Economic Crime prevention.

This role will provide the opportunity to be part of a small, close knit team who are passionate about the work they do and technical specialists in their fields. At Nationwide we openly put our 15 million members at the centre of every decision we make as a business. Every role, no matter what it’s doing, is member focused.

We are looking to recruit for this role of Economic Crime Oversight Reviewer on a 9-month fixed term contract within the 2nd line Economic Crime Risk and Compliance function.

Economic Crime Oversight is a key part of Nationwide’s second line of defence. Based in the Risk Community, we are responsible for ensuring the Society delivers its strategy in a safe and controlled way, appropriately balancing risk and reward. We undertake risk-based reviews on products, projects, processes and frameworks to ensure that Nationwide remains compliant and delivers fair member outcomes.

We are continuing to work on how and where our teams work during this time. As a result, we are flexible on location.

As part of your review work you will pose important and challenging questions to the business asking if we are ‘doing the right thing’.

You will be contributing to the delivery of the Economic Crime Oversight review programme particularly in relation to action closure assurance. You need to have an eye for detail and confidence in providing constructive challenge based on rigorous analysis and testing, as well as asking the difficult questions in a range of environments. You will be applying your Economic Crime subject matter expertise to everything that you review, to identify key risks and issues, provide challenge to ensure we achieve the right outcomes and comply with our obligations.

You’ll be responsible for:

  • Assessing the design of Economic Crime related processes, procedures, projects and frameworks
  • Sample based case testing to assess adherence to procedures and overall effectiveness of critical controls and the end to end processes
  • Interviewing, observing activities and reviewing data as necessary in line with the scope of the review to form a view / conclusion
  • Using your communications skills to build long-lasting and effective relationships with key stakeholders
  • Using your written and verbal communication skills to capture your findings and conclusions
  • Escalating to senior members of the team / stakeholders emerging risks and issues in a timely manner
  • General knowledge and understanding of current legislation, regulation and guidance relating to AML/ Sanctions (FCA Financial Crime Guide, JMLSG Guidance, Money Laundering Regulations etc,) and how these are applied in practice, including ‘what good looks like’ (industry best practice)
  • Knowledge and experience of identifying key Economic Crime risks and issues
  • Be a confident communicator both verbally and written, who is comfortable to effectively engage and influence senior stakeholders
  • Have a naturally curious and inquisitive approach to work, proactively questioning the status quo where appropriate
  • Be an independent, self-starter with meticulous attention to detail
  • Be resilient and not shy away from having difficult conversations

Ideally you will also:

  • Have specialist knowledge in one or more areas of Economic Crime Risk from previous roles perhaps as part of Financial Crime / Economic Crime operational roles or Second Line Advice/Policy type roles
  • Hold, or be working towards, a relevant industry-recognised qualification relating to Economic Crime / Financial Crime
  • Have experience of working in an assurance, audit or controls testing type role
  • Have a background in financial services
  • Have knowledge and experience of data analytics and/or Economic Crime data/systems assurance

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

  • Say it straight – This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
  • Push for better – This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
  • Get it done – This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

There are all sorts of employee benefits available at Nationwide, including:

  • A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
  • Up to 2 days of paid volunteering a year
  • Life assurance worth 8x your salary
  • A great selection of additional benefits through our salary sacrifice scheme
  • Access to an annual performance related bonus
  • Access to training to help you develop and progress your career
  • 25 days holiday pro rata
  • Gympass – Access to a range of free and paid options for health and wellness
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