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Head of Treasury Risk Management

2 months ago


Southampton, Southampton, United Kingdom Starling Bank Full time
About the Role

We are seeking a highly skilled and experienced Head of Treasury Risk to join our team at Starling Bank. As a key member of our 2nd line risk function, you will be responsible for overseeing and challenging Market Risk, predominantly Interest Rate Risk in the Banking Book (IRRBB), as well as FX and credit spread risk.

Key Responsibilities
  • Establish strong relationships with the Treasurer and provide effective oversight and challenge of Market Risk, including IRRBB, FX, and credit spread risk.
  • Stress test market risk exposures and review key assumptions used in models.
  • Manage information and proposals that come to ALCO, including the control framework around market risk.
  • Review the bank's hedging strategy, assumptions, controls, and resulting exposures.
  • Ensure regulatory reporting of these risks and contribute to the IRRBB section of the ICAAP.
  • Set market risk appetite and write market risk policies.
  • Produce the market risk section of the CRO report and carry out market risk analysis.
  • Input into the migration of interest rate risk monitoring from spreadsheets to an ALM system.
  • Review strategic initiatives and consider their impact on market risk.
  • Undertake model validation on key interest rate risk models used for interest rate risk reporting.
  • Undertake assurance reviews, including on the appropriateness of risk controls, quality of reporting, and implementation of risk appetite and policies.
  • Carry out ad hoc analysis to obtain a deep understanding of key market risks facing the bank and key behavioural assumptions.
  • Horizon scan new regulatory requirements and consider their impacts.
  • Work with the operational risk team to oversee the management and mitigation of operational risks stemming from the treasury function.
  • Work with the compliance function on the management and mitigation of compliance risks stemming from the treasury function.
  • Collaborate with the Head of Liquidity Risk and wholesale credit to have a holistic view of risks and controls across the Treasury front, middle, and back office.
Requirements
  • Considerable and extensive experience in Treasury risk management in a bank, consultancy, or regulatory environment.
  • Strong demonstrable experience working in a 2LoD risk function, 1LoD front or middle office treasury function, or a consultancy providing ALM advice or a regulatory environment with expertise in a Treasury/ALM oversight.
  • Understanding of regulatory requirements for a treasury function, both risk and compliance, and regulatory reporting requirements.
  • Experience of structural hedging.
  • Understanding of hedge accounting.
  • Experience using or implementing a ALM system.
  • Flexible and adaptable; must be able to juggle multiple competing priorities while managing expectations.
  • Self-starter; proactive attitude, committed to continuous improvement, and willing to drive different initiatives in a changing environment.
  • Strong stakeholder management skills and a track record of building senior-level relationships.
  • Strong influencing skills and an ability to manage change and react quickly with a view.
  • Excellent interpersonal skills, including the ability to challenge in a positive manner and handle difficult situations.
  • Excellent decision-making, planning, and prioritizing skills.
  • Willingness to take a hands-on role in a dynamic organization.
  • SQL and Python skills are highly desirable.
What We Offer
  • 25 days holiday (plus take your public holiday allowance whenever works best for you).
  • An extra day's holiday for your birthday.
  • Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off.
  • 16 hours paid volunteering time a year.
  • Salary sacrifice, company-enhanced pension scheme.
  • Life insurance at 4x your salary.
  • Private Medical Insurance with VitalityHealth, including mental health support and cancer care.
  • Partner benefits, including discounts with Waitrose, Mr&Mrs Smith, and Peloton.
  • Generous family-friendly policies.
  • Perkbox membership, giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks.
  • Access to initiatives like Cycle to Work and Salary Sacrificed Gym partnerships.