Controls Manager – Economic Crime

This is an exciting opportunity to join Nationwide's Strategy team and play a key role in supporting the Society's growing equity investment activities.

The role will provide first-line Economic Crime expertise across Nationwide's portfolio of innovations, strategic and growth equity investments, helping to ensure that all investment activity is conducted in line with the Society's Economic Crime Framework, Minimum Control Standards (MCS), and regulatory obligations.

Working closely with colleagues in Strategy, Financial Risk & Controls, and other first and second-line Economic Crime teams, you will help to maintain, evolve, and implement a scalable Economic Crime approach that supports Nationwide's expanding equity investment portfolio whilst ensuring appropriate control and governance standards are maintained.

We are happy to consider flexible working approaches to help you perform at your best.
 

The working hours (per week) for this role can be between 28 and 35 hours.

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 spend at least two days per week, or if part time you'll spend 40% of your working time, based at either our London or Swindon office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here. 

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

As an Economic Crime Controls Manager, you'll play a key role in ensuring Economic Crime risks are effectively managed across Nationwide's equity investment activities. You'll develop and maintain a detailed understanding of the Society's Economic Crime Minimum Control Standards and translate these requirements into practical, effective controls throughout the investment lifecycle.

Working closely with colleagues across Strategy, Financial Risk & Controls, and first- and second-line Economic Crime teams, you'll oversee the implementation and ongoing enhancement of Economic Crime processes from the assessment and onboarding of new investments through to ongoing monitoring and exit. You'll help shape and maintain a consistent control framework that supports both current and future investment activities, ensuring it remains aligned with regulatory requirements, internal standards and changing business needs.

The role will involve conducting and coordinating Economic Crime risk assessments, maintaining oversight of risks across the investment portfolio, and ensuring robust monitoring, governance and reporting arrangements are in place. You'll also be responsible for reviewing and updating framework documents, procedures and risk assessment tools to keep them relevant and effective.

As the primary point of contact for Economic Crime matters relating to equity investments, you'll build strong relationships across the business, coordinate responses to reviews and assurance activities, and represent Strategy in key forums and working groups. Through your expertise and collaborative approach, you'll help ensure the Society's investment activities operate within a robust and effective Economic Crime control environment.

About you

We're looking for someone who enjoys solving complex problems, working across multiple stakeholders and helping to shape robust control environments in support of strategic business activity.

As a minimum, you should be:

• Able to demonstrate a solid understanding of Economic Crime risk and control frameworks within financial services
• Experienced in interpreting policies, standards and regulatory requirements and translating them into practical business processes and controls
• Experienced in Economic Crime, Financial Crime, Compliance or Risk Management within a regulated financial services environment
• Able to balance commercial objectives with robust risk management and governance requirements
• An excellent communicator with the ability to advise, influence and challenge stakeholders at all levels
• Comfortable operating in a changing environment involving new propositions, investment structures and evolving regulatory expectations
• Able to demonstrate knowledge in at least one of these: Investments, venture capital, private equity, corporate development, mergers and acquisitions, or strategic investment activities
• Comfortable collaborating with senior stakeholders and presenting complex information in a clear and concise manner
• Proactive and self-motivated, with a great sense of ownership and accountability
• Able to manage multiple priorities while maintaining attention to detail and high standards of delivery

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.

The extras you’ll get

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

• 25 days holiday, pro rata

• 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.

Please note that should you be successful in securing this role, the job title on our internal systems will be Controls Manager.