Risk Management Specialist
1 month ago
We are seeking a highly skilled Risk Management Specialist to join our team at Starling Bank Limited. 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.
Your responsibilities will include:
- Establishing strong relationships with the Treasurer and providing effective oversight and challenge of Market Risk
- Setting market risk appetite and writing market risk policies
- Producing the market risk section of the CRO report
- Carrying out market risk analysis and inputting into the migration of the monitoring of interest rate risk from spreadsheets to an ALM system
- Reviewing strategic initiatives and considering the impact on market risk
- Undertaking model validation on key interest rate risk models used for interest rate risk reporting
- Undertaking assurance reviews, including on the appropriateness of risk controls, quality of reporting and implementation of risk appetite and policies
- Carrying out ad hoc analysis to obtain a deep understanding of the key market risks facing the bank and key behavioral assumptions
- Horizon scanning of new regulatory requirements and consideration of the impacts
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
- Understanding of hedge accounting
- Flexible and adaptable; 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 decision making, planning and prioritising skills
- SQL and Python skills are highly desirable
Benefits:
- 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 include 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
About Us:
We are a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We're a bank, but better: fairer, easier to use and designed to demystify money for everyone.
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