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Head of Economic Crime Risk (Deputy Money Laundering Reporting Officer)

Head of Economic Crime Risk (Deputy Money Laundering Reporting Officer)

  • Location: UK Wide
  • Salary: Competitive
  • Contract Type: Permanent
  • Ref: R001500721
  • Closing Date: 08 November 2020

The world of Economic Crime is changing at a rapid pace, and now more than ever protecting our members is at the forefront of what we do. As our Economic Crime function evolves to respond to the increased challenges and threats that we face, we are now looking for an experienced leader to provide strategic direction to our Economic Crime Policy and Advice, Risk, Strategy and Anti Bribery and Corruption (ABC) teams.

This is a crucial role in which you will lead and provide strategic oversight of Economic Crime Risk Policy and Advice across the entire business, whilst deputising for the Money Laundering Reporting Officer (MLRO) when required.

Due to COVID-19 the way we are operating as an organisation is changing. As we try to navigate the varying and unprecedented landscape we are continuing to work on how and where our teams work during this time. As a result, we are flexible on location, and whilst this role will involve working remotely to begin with, as things begin to adapt further there will be some travel to Swindon.

What you’ll be doing

As a member of the Economic Crime Senior Leadership Team you’ll contribute to the development and delivery of the Society’s Economic Crime strategy through engagement in strategic decisions and driving through change.

Reporting to the Director of Economic Crime you’ll be accountable for;

  • Supporting and deputising for the MLRO in discharging SMF17 and MRT responsibilities (a key Regulatory/Legal requirement).
  • Working with the MLRO to provide high quality reports and papers for submission to the Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), the Board and other senior committees, and attending, or deputising at key committees
  • Leading the Policy and Advice, Risk, Strategy and ABC teams, to ensure the Society complies with its legal and regulatory obligations relating to Economic Crime and, through effective controls manage risks in line with Board Risk Appetite.
  • Leading the definition of Economic Crime risk appetite and the translation of this into an effective policy framework and governance arrangements, which will set the standards that must be applied in order to meet legal and regulatory obligations. working to help embed this across the Society.
  • Strategic leadership and oversight of regulatory, policy, advice and legal issues that require highly technical Subject Matter Expertise (SME) in Economic Crime, including influencing external industry positioning. You’ll also maintain strong and high value relationships with Nationwide’s Leadership Team and key Senior stakeholders to influence and inform on these strategic SME issues.
  • Key sponsorship of significant, strategic, multi-million-pound projects on behalf of Economic Crime.
  • Providing oversight and SME support in ABC related Whistleblowing Investigations, and conduct Economic Crime investigations on behalf of the Chairman, CEO, CRO, MLRO and Nationwide Leadership team/Board.

About you

We are interested in people who enjoy working in a fast-paced environment, have a real interest and passion for Economic Crime and are not afraid of taking on a challenge. This role is in a department with a strong reputation, captivating subject matter and an Industry leading presence.

As a minimum requirement you’ll have:

  • Significant experience in a regulated environment, either in an Economic Crime, risk, compliance, audit, or other assurance function;
  • Proven people management experience with the ability to gain the trust of and manage the performance of staff at a range of levels, including the ability to coach and give effective feedback. You’ll inspire people to deliver to the best of their ability, sell ideas and be a driver of change in the department.
  • In-depth knowledge of relevant regulation and a relevant professional qualification (e.g. International Compliance Association).
  • In-depth working knowledge of Economic Crime, both practical and theoretical, and the key preventative and detective controls to maintain compliance.
  • The ability to develop high value relationships across all levels in the business, to influence and to command respect from senior business leaders and stakeholders.
  • Excellent written and verbal communication skills, with proven presentation, facilitation, negotiation, influencing, training and conflict management skills
  • The ability to comprehend and assimilate information rapidly whilst working in diverse complex business areas, and to work with business management to agree pragmatic and innovative solutions to regulatory issues.
  • The ability to represent Nationwide at external events and act as a key interface for external entities, influencing the external industry position.
  • The ability to think strategically, in order to develop and deliver our strategy.
  • Excellent organisational and planning/time management skills.

The extras you’ll get

When you put a lot in, it’s only fair to expect a lot out. So, when you help us do the right thing for our members, we want to reward you. As well as your salary, additional benefits include 30 days’ holiday (on top of bank holidays), an executive car allowance, a competitive pension or cash alternative, private healthcare for your family plus executive health screening every 2 years, life assurance and the opportunity to participate in Sharing in Success, our Society-wide, all-employee variable pay plan. If that wasn’t enough, you could also tailor your reward package by taking advantage of a range of flexible benefits.

Why work at Nationwide

We’re the world’s largest building society, with communities at the heart of everything we do. You'll be joining a strong Executive Team based in the UK and as a Senior Executive you will help to deliver our vision to be the 1st choice for financial services. Our Head Office is in Swindon, Wiltshire and is home to 5,000 of our 18,000 employees. We also have offices in London, Bournemouth, Northampton and Dunfermline.

We’re here for our members and we put their needs first in everything we do. When you combine this with our reputation for being open, honest and trustworthy it’s no wonder we’re going from strength to strength as a business. We think these values are important for our employees and leaders too.

We're a people business and need good people who understand and share what we believe in. As a result, we invest a lot in our people and we`ll not just set you up to be successful in this role, but also provide opportunities for you to develop your career with Nationwide. So, in addition to a bespoke on boarding and induction programme we provide mentoring; access to leadership development courses and for the most talented the chance to take part in a senior executive development programme.


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, and so we will be in contact shortly after the closing date to let you know the outcome of your application.

Head of Economic Crime Risk (Deputy Money Laundering Reporting Officer)

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