Economic Crime Compliance Officer

Santander; Redhill; Hybrid; GBP 42,000 - 47,000; Full time

Job summary

A leading motor finance company in the UK is seeking an Economic Crime Compliance Officer to enhance policies and procedures guarding against financial crime. The role involves compliance oversight, policy review, and stakeholder engagement, working closely with internal teams. Candidates should have a solid understanding of economic crime regulations and previous experience in financial crime. This position offers a competitive salary with hybrid working arrangements.

Benefits

Competitive salary (£42,000 - £47,000)

27 days holiday plus bank holidays

Annual bonus

£500 flexible benefit allowance

Generous pension contributions

Employee assistance programme

Sharesave scheme

Gym passes at reduced rates

Qualifications

• Sound understanding of current economic crime regulations.
• Ability to engage and present to stakeholders at all levels.
• Ability to work under pressure and meet deadlines.

Responsibilities

• Act as point of contact within Economic Crime Compliance.
• Review and analyse proposed changes to policies.
• Support implementation of economic change initiatives.

Skills

Understanding of economic crime regulations

Previous experience in financial crime (L1 and L2)

Excellent communication skills

Attention to detail

Organizational skills

Proficiency in Microsoft Office

Job description

Overview

Economic Crime Compliance Officer
Country: United Kingdom

Santander Consumer Finance is one of the UK's leading motor finance companies and we are currently looking for an Economic Crime Compliance Officer to contribute to the ongoing development of effective policies, procedures, and controls that protect the business and its customers from financial crime risks. This is a key role supporting the delivery of SCUK's economic crime framework, ensuring SCUK remains compliant with all regulatory requirements and internal standards. This role is hybrid with at least 3 days a week in the Redhill office. Remote workers will not be considered.

Responsibilities

• Act as a key point of contact within SCUK Economic Crime Compliance for Santander UK Line 2 Financial & Economic Crime Policy and Oversight teams, particularly on changes to policies and standards (AML, Sanctions, Anti-Bribery & Corruption, FoTE, and Fraud)
• Review and analyse proposed changes to Economic Crime policies and standards and present to Line 1 and Line 2 stakeholders to ensure alignment and compliance with requirements
• Support the implementation of economic change initiatives, including those arising from regulatory updates, policy revisions, or internal improvement programmes
• Contribute to the delivery of the Economic Crime Compliance annual plan, including performing oversight and quality assurance activities
• Contribute to the identification, assessment and monitoring of the financial crime risk applicable to the business and ensure relevant controls are designed, implemented and operated effectively; including performance of second line controls
• Support the management and resolution of breaches, waivers, and dispensations relating to non-adherence to policies or economic crime regulations
• Support governance, management information (MI), and reporting requirements by compiling and analysing data for both internal and external reporting
• Review upcoming regulatory changes, assess their potential impact on SCUK's economic crime framework, and provide clear feedback and recommendations to stakeholders
• Contribute to the ongoing development of economic crime policies, procedures, and controls to ensure compliance and effectiveness across all business areas
• Engage with Group and Santander UK stakeholders (including Line 1 and Line 2 teams) to support the delivery of economic crime compliance activities
• Assist in the oversight of economic crime prevention initiatives and business-as-usual queries including the management of the shared mailboxes
• Provide governance and secretariat support for key meetings, including scheduling, agenda preparation, coordination of meeting materials, and accurate recording of minutes and actions. This includes but is not limited to, supporting the SCUK Financial Crime Committee and relevant sub-committees, ensuring effective follow-up and documentation of outcomes and decisions

What we're looking for

• Sound understanding of current economic crime regulations relevant to the motor finance and consumer credit industry
• Previous experience in financial crime - specifically L1 and L2
• Excellent written and verbal communication skills, with the ability to confidently engage and present to stakeholders at all levels
• Understanding of financial crime regulations
• Ability to deliver high-quality work under pressure and meet deadlines
• Exceptional attention to detail and accuracy
• Strong organisational and time management skills
• Ability to deliver high-quality work under pressure and meet deadlines
• Strong proficiency in Microsoft Office (Excel, Word, PowerPoint)

Benefits

• Competitive salary of £42 - 47,000 dependent on experience
• 27 days holiday per annum, plus bank holidays
• Annual bonus based on personal and company performance
• £500 flexible benefit allowance
• Generous pension contributions
• Employee assistance programme
• Sharesave scheme
• Gym passes at a reduced rate for 3,000 gyms, leisure centres etc

Inclusion

At Santander we're creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

At Santander Consumer Finance we have a zero-tolerance approach to discrimination, bullying, harassment (including sexual) or victimisation of any kind.

Should you want to be considered for part time hours, please let us know and we can assess your requirements.

What are the next steps

If you are interested in this role and believe you have the skills, experience, and knowledge then we'd love to hear from you. Please go ahead and click apply which will take you through some questions and allow you to submit your CV and covering letter.