Senior Sanctions Analyst - Financial Crime 2nd Line Risk

Coventry Building Society; Coventry; Hybrid; GBP 70,000 - 90,000; Full time

Benefits offered by this job

28 days holiday

Discretionary bonus

Pension with matched contributions

Life assurance (6x annual salary)

Job summary

Coventry Building Society seeks a Senior Sanctions Analyst to join the Economic Crime Compliance team. You will support the sanctions risk management framework, provide expert guidance, and help ensure sanctions risks are identified and managed across the organisation.

Working in a 2LoD environment, you will influence business decisions and risk controls, with a hybrid layout requiring at least 1 day per week in Coventry or Manchester offices. Flexible working options are welcomed.

Qualifications

• Experience as a sanctions advisor in a retail banking or equivalent environment.
• Strong knowledge of UK/EU/UN/OFAC sanctions regimes.
• Experience handling complex sanctions investigations and escalations.
• Ability to provide risk-based advice to senior stakeholders.
• Exposure to sanctions risk management tools and technology.

Responsibilities

• Support the Sanctions Compliance Lead in developing, enhancing and overseeing the sanctions risk management framework.
• Provide expert guidance on sanctions matters and support investigations and escalations.
• Help ensure sanctions risks are identified, assessed and managed across the organisation.
• Collaborate within a 2LoD function and influence risk decisions and controls.

Skills

Sanctions knowledge

Stakeholder advisory

Investigations & escalations

Risk-based guidance

2LoD experience

Education

ICA/ACAMS qualification

Job description

An exciting opportunity has arisen for a Senior Sanctions Analyst to join the Economic Crime Compliance team (sitting within 2nd Line Risk) at a pivotal time for the organisation. With sanctions regulation continuing to evolve and the financial crime landscape becoming increasingly complex, this role plays a key part in helping ensure the business maintains a robust and effective sanctions compliance framework.

The Senior Sanctions Analyst will support the Sanctions Compliance Lead in the development, enhancement and oversight of the Group's sanctions risk management framework. The role holder will provide expert guidance on sanctions matters, support complex investigations and escalations, and help ensure that sanctions risks are identified, assessed and managed effectively across the organisation. Working within a 2LoD function, this highly collaborative role offers the opportunity

to influence business decisions, control design and risk management practices.

The role operates on a team-led hybrid approach with at least 1 day per week in either of our fantastic Coventry or Manchester offices. This is a full-time 35 hours per week role, however we are open to flexible working options.

Our benefits include:

• 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
• Annual discretionary bonus scheme
• Personal pension with matched contributions
• Life assurance (6 times annual salary)

About you

This opportunity would suit a sanctions professional who enjoys solving complex financial crime challenges, providing expert advice and influencing positive risk outcomes.

For this role you'll need to have:

• Experience as a Sanctions Advisor or similar Sanctions focused Economic Crime role within a retail banking (or equivalent) environment
• Strong knowledge of UK, EU, UN and OFAC sanctions regimes.
• Experience handling complex sanctions investigations and escalations.
• Ability to provide risk-based advice to senior stakeholders.
• Exposure to sanctions risk management tools and technology

Experience in these areas would be helpful:

• Second line oversight experience
• ICA, ACAMS or similar qualification

About us

In 2025, Coventry Building Society purchased The Co-operative Bank. Bringing together our purpose-led building society with the UK's original ethical bank was the start of an exciting journey.

Trusted by over four million people, we're a mutually owned business free from shareholders, and with our combined experience of almost 300 years, our ethics and dedication will continue to guide us. Together, we have shared values and an ethical approach towards our members, customers and colleagues.

We're officially recognised as a 'Great Place to Work' and our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing.

We're serious about equality, of race, age, faith, disability, and sexual orientation and we celebrate diversity. By working together, we know you'll build more than just a career with us.

Flexibility and why it matters

We understand the need for flexibility, so wherever possible, we'll consider alternative working patterns.

Proud to be a Disability Confident Committed Employer

We're proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.