Risk Analyst Lead

Join our Economic Crime Modelling team and use advanced analytics to help protect our members and the society from fraud, money laundering and other evolving financial crime threats.

As a Risk Analyst Lead, you will be working on the development, enhancement, monitoring, maintenance and governance of economic crime models across a range of domains in fraud and financial crime risk detection.

The role combines traditional statistical modelling techniques with cutting-edge machine learning approaches to identify suspicious behaviours, emerging threats and hidden risk patterns. You will work closely with fraud and financial crime analytics, technology and risk stakeholders to deliver innovative analytical solutions that strengthen the Society's financial crime detection capabilities and support a safe and secure banking environment.

We’re looking for an analytical and curious individual with experience of applying data, statistical or modelling techniques to practical business problems. You will be comfortable taking responsibility for defined analytical tasks, interpreting complex results and communicating your findings clearly.

This is an exciting opportunity to apply advanced analytics and data science techniques to help protect customers and the Society from fraud and financial crime while shaping the future of economic crime risk management.

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

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, Swindon or Glasgow office. If you’re based at our Glasgow office, this will apply from 1 April 2027 and ahead of that there will be a need to regularly connect with colleagues for collaboration events. 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.

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.

Nationwide is committed to the redeployment of our employees impacted by change, as such applications for redeployment candidates will be prioritised in this recruitment process.

If you’re a colleague on long-term absence (for example, on parental leave) or a temporary worker, please use your personal email address to submit an application.

What you’ll be doing

As a Risk Analyst Lead, you will play a key role in using data and advanced analytics to tackle complex fraud and financial crime challenges. Working with large datasets, you will identify suspicious behaviours and emerging threats, develop and enhance detection models using statistical, machine-learning and data science techniques, assess model performance and support implementation and change. You will collaborate with teams across analytics, risk, technology and operations, as well as external vendors, while producing robust documentation and ensuring modelling meets the Society’s governance framework and regulatory expectations. You will also contribute to peer reviews, knowledge sharing and the continuous improvement of our modelling capabilities.

About you

• A quantitative degree, in mathematics, statistics, computer science, data science or a related discipline

• Experience of using data and analytical techniques to investigate business problems and produce meaningful insights

• Practical experience of working with large datasets using SAS, SQL, Python, R or comparable analytical tools

• Strong analytical and problem-solving skills, including the ability to interpret results and identify limitations

• Experience in statistical modelling, machine learning or model performance monitoring

• The ability to communicate analytical findings clearly to technical and non-technical stakeholders

• Knowledge of fraud, AML, transaction monitoring, customer risk assessment or network analytics

• An understanding of model risk management, documentation, validation and governance

• Awareness of relevant regulatory expectations, including SS1/23

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.

Keeping your data and personal information confidential is important to us. To find out more about how we use and process your data, please read our Privacy policy.

If you want to find out more about using AI in our recruitment process, please read more here.

Disability Confident

We’re not just guided by data, we’re driven by the real experiences of our people. We’re a Disability Confident Level 3 Leader, the highest level.

That’s why we’re constantly evolving our policies and practices to make sure everyone feels genuinely supported, valued, and empowered to champion inclusion. Whatever your needs, we’re here to support you. If you need any additional support throughout your application journey, email our team at Recruitment Support.

Apply safely with Nationwide

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The hiring manager for this role is Thomas Hunt, and the main recruitment contact is Jon Daw.