Graduate Economic Crime Risk

Job summary

Your Future Starts here

Student Loans Company is a non-profit making Government-owned organisation to provide loans and grants to students in universities and colleges in the UK. Since 1989, we have enabled our customers to invest in their futures by delivering secure, accurate and efficient assessment, payment and repayment services.

Our Values

Culture is at the heart of everything we do at SLC and we are guided by our five values which help make SLC a great place to work:

• Honesty: We act with integrity and transparency, sharing information openly and addressing challenges with courage.
• Empowerment: We enable people to take initiative, make impactful decisions, and continuously learn and grow.
• Accountability: We deliver on commitments, own our successes and mistakes, and strive for quality outcomes.
• Respect: We value diverse perspectives, actively listen, and create an inclusive environment where everyone belongs.
• Trust: We collaborate across teams, build dependable relationships, and work as one to deliver for our customers.

These values are more than words—they guide our decisions, shape our collaborations, and strengthen our impact on the students we serve.

Job description

About the role

The Economic Crime Unit (ECU) provides oversight of SLC’s approach to financial crime risk, ensuring risks are identified, mitigated, and effectively managed across the organisation. This includes setting expectations for how economic crime risk is managed in line with the Enterprise Risk and Compliance (ERC) Policy, Framework, and Statement of Intent (SOI).

As a key Second Line of Defence (2LoD) function, the ECU offers independent risk management advice, monitors how well financial crime risks are controlled, and ensures safeguards are in place to protect SLC from internal and external threats. The ECU also undertakes investigations into suspected fraud and helps build a strong culture of risk awareness to protect SLC from financial loss and reputational harm.

As a Graduate in the Economic Crime Unit, you’ll support the delivery of key projects and initiatives that directly strengthen SLC’s financial crime prevention efforts. During this 24month rotational programme, you’ll gain hands-on exposure to essential business activities while developing core skills across all ECU specialisms.

If you’re driven by analytical thinking, motivated by protecting organisations from risk, and excited by the idea of tackling real world financial crime challenges, this programme is designed for you.

Through a combination of structured learning modules and practical on-the-job experience, you’ll build technical knowledge, develop professional confidence, and play a meaningful role in supporting SLC’s compliance and risk management objectives.

You’ll rotate across six specialist areas — Governance; Analysis & Intelligence; Interventions; Anti-Money Laundering (AML); Internal Threat; and Assurance — giving you a unique, holistic understanding of how economic crime is prevented, detected, and responded to within a major public facing organisation.

This is a fantastic opportunity to explore the full spectrum of economic crime disciplines, shape your career path, and contribute to safeguarding an organisation that supports millions of learners across the UK.

You’ll work closely with experienced colleagues, receive ongoing mentorship, and actively contribute to projects and activities that strengthen SLC’s defences and support effective decision-making.

Ultimately, your work will help ensure SLC manages its economic crime risk effectively and maintains the highest standards of integrity and compliance.

Person specification

What you bring:

Essential

• Degree in a relevant subject, such as Risk Management or Economic Crime Management at a 2.2 or above, anticipated by Summer 2026 or gained within the last two years
• Ability to;
• communicate and collaborate effectively with colleagues and customers by actively listening and delivering quality information timely
• manage, interpret, and use data to support decision making and drive effective outcomes
• use digital tools and technologies to communicate, access information, and solve problems
• identify, assess and manage risks to minimise potential impacts
• demonstrate readiness to new ways of working and remain effective in ambiguous situations while identifying opportunities for continuous improvement
• Sufficient resilience to operate within a dynamic and evolving environment, and a passion to continually improve an organisations approach to economic crime risk
• The confidence and ability to engage effectively with a wide range of internal and external economic crime stakeholders

Desirable

• The ability to design and implement new intervention-based processes and activities
• Knowledge of economic crime risk management
• A qualification relating to Economic Crime / Money Laundering

Benefits

Alongside your salary of £27,878, Student Loans Company contributes £8,076 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

You can expect more from a career with SLC. We support colleagues to unlock their potential through our Career Pathways development programme and offer an excellent benefit and rewards package that includes:

• 28 days annual leave plus 8 public holidays

• Option to buy/sell annual leave

• Flexi-time and enhanced flexible working options available

• Option to join the Civil Service pension scheme

• Life insurance cover for 4 x annual salary

• Enhanced company sick pay and family leave including maternity, paternity and adoption

• Contributory lifestyle benefit options including discounts at hundreds of retailers, cycle to work scheme, access to the Civil Service Sports and Leisure Club for discounted gym memberships, and an optional dental insurance scheme

• To find out what’s it’s like to work at Student Loans Company click here SLC Careers

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

Further Information

We will be hosting two information webinars for candidates who would like to know more about the Economic Crime Risk programme and the recruitment process. If you would like to attend, please see details below below;

Thursday 5th February 4.30pm-5.30pm Use this link to join the call at 4:30pm. You do not need to register beforehand. If you have problems joining the session please choose the option to join without an account.

Tuesday 24th February 4:00pm - 5:00pm - please email and we will send a link for this session.

The Legal Bits

We’ll need you to confirm you have the right to work in the UK. If we offer you a job and you accept, there are some background checks we need to complete before you can start with us. This will include employment history, criminal record check, credit reference check and fraud check.

SLC are committed to ensuring our recruitment processes are inclusive for all candidates and will make reasonable adjustments for those who consider themselves to have a disability or long-term condition in line with the Equality Act 2010. Our application process provides candidates with the opportunity to request reasonable adjustments but if you would like to discuss this in more detail, please email ask_recruitment@slc.co.uk.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window).People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

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Contact point for applicants

Job contact :

• Name : Emerging Talent Team
• Email : Emerging_Talent@slc.co.uk

Recruitment team

• Email : Emerging_Talent@slc.co.uk