As an Economic Crime Policy Manager, you'll lead the delivery of key elements of our policy and standards framework, to ensure compliance with economic crime related regulation and legislation and enabling the management of economic crime risk across all areas of Nationwide and Virgin Money.
This temporary role is focused on anti-money laundering, sanctions and screening policy. It requires an analytic and strategic mind set, focussed on future proofing the organisation and driving the right outcomes. It also requires the ability to engage with diverse business areas and build credibility, setting clear expectations with precise and engaging communications.
You’ll be based in the Policy, External Engagement and Training team, within Economic Crime Risk & Compliance, as part of the second line of defence. Within the Risk Function, we are responsible for ensuring business strategy is delivered in a safe, controlled and compliant manner.
You will play a key role in defining how we manage anti-money laundering, sanctions and screening controls, with a focus on non-personal customers and business banking. You’ll support the interpretation of emerging regulation, provide guidance, manage related methodologies, and enable the business to embed risk appetite consistently as VM heritage activities merge and embed.
We are happy to consider flexible working approaches to help you perform at your best.
This is a 12-month Fixed Term Contract.
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 offices. Whilst these locations are where we are primarily looking to fill the role, if you’re an internal applicant based in a different location, we would welcome your application, and if successful, your hiring manager will provide further details on how this could work for this specific role. 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.
ResponsibilitiesWhat you’ll be doing
You’ll be responsible for performing reviews and delivering change to policy and standards across the economic crime subjects, but with a focus on money laundering and sanctions compliance. Experience of Business Banking or related Virgin Money practices will also be beneficial, but not essential.
You’ll be interpreting appetite and defining the minimum required controls, so it is clear what good looks like, as well as maintaining documented roles and responsibilities for controls and compliance across a changing business environment of merging shared services.
You’ll also be communicating expectations to a wide range of stakeholders, and working closely with our business facing advisory, innovation, and governance teams, to support them in overseeing how the business complies with policy and standards.
You’ll also produce guidance as required, and work with other policy functions, risk oversight and specialists to embed methodologies or manage non-compliances.
About you
In order to perform in this role, you will need:
Comprehensive knowledge and understanding of retail based financial services products and services
Significant experience in a relevant 2nd line of defence role such as policy and control management, compliance management, oversight, or assurance
Demonstrable experience in managing or overseeing anti-money laundering, sanctions, or screening risk and controls
A proven capability in producing high-quality written papers, documents, policies, standards or requirements
A good understanding of UK economic crime related legislation, regulation, and industry best practice, including key areas of regulatory development
Experience of working with stakeholders at a variety of levels across technical, operational and leadership roles
Strong communication and networking skills with the ability to succinctly explain complex technical matters to a range of stakeholders
Strong analytic skills with an eye for detail and comfortable working with a range of documentation, regulatory and legislative material
A tenacious, positive, brave self-starter, able to adapt to changing priorities and deliver in a small multiskilled team, matrix managing the delivery of others, if required
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
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.
