Head of Treasury Risk Management

4 weeks ago


Cardiff, Cardiff, 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 stress testing of market risk exposures and key assumptions used in models.
  • Manage the control framework around Market Risk and the bank's hedging strategy, assumptions, controls, and resulting exposures.
  • Produce the Market Risk section of the CRO report and carry out market risk analysis.
  • Input into the migration of the monitoring of interest rate risk from spreadsheets to an Asset & Liability Management (ALM) system.
  • Review strategic initiatives and consider the 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 the key market risks facing the bank and key behavioural assumptions.
  • Horizon scan new regulatory requirements and consider the 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.
  • Work with the Head of Liquidity Risk and Wholesale Credit to have a holistic view of the 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.
About Us

We are a vibrant institution on a mission to radically reshape banking. We are proud to bring together people of all backgrounds and experiences who love working together to solve problems. Starling Bank is an equal opportunity employer, and we are committed to fostering diversity and inclusion in the workplace.



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