Head of Treasury Risk Management

2 weeks ago

London, Greater London, United Kingdom Starling Bank Full time

At Starling Bank, we're looking for a seasoned Treasury Risk professional to join our 2nd line risk function. As the Head of Treasury Risk Management, you'll be responsible for overseeing and challenging Market Risk, primarily Interest Rate Risk in the Banking Book (IRRBB), as well as FX and credit spread risk. You'll work closely with the Head of Liquidity Risk, Wholesale Credit Risk, and Treasury Compliance colleagues to take a holistic view of the risks across the Treasury function.

The role will involve establishing strong relationships with the Treasurer, providing effective oversight and challenge of Market risk, stress testing of market risk exposures, and management information and proposals that come to ALCO. You'll also be responsible for the control framework around market risk, the bank's hedging strategy, assumptions, controls, and resulting exposures, hedge accounting, and regulatory reporting of these risks.

Key responsibilities will include:

  • Establishing strong relationships with the Treasurer and providing effective oversight and challenge of Market risk
  • Stress testing of market risk exposures
  • Management information and proposals that come to ALCO
  • The control framework around market risk
  • The bank's hedging strategy, assumptions, controls, and resulting exposures
  • Hedge accounting and hedge effectiveness
  • Regulatory reporting of these risks
  • Setting market risk appetite and writing market risk policies
  • Producing the market risk section of the CRO report
  • Carrying out market risk analysis
  • Inputting into the migration of the monitoring of interest rate risk from spreadsheets to an Asset & Liability Management (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 behavioural assumptions
  • Horizon scanning of new regulatory requirements and consideration of the impacts
  • Working with the operational risk team to oversee the management and mitigation of operational risks stemming from the treasury function
  • Working with the compliance function on the management and mitigation of compliance risks stemming from the treasury function
  • Working 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 for the role include:

  • 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

Benefits of working at Starling Bank include:

  • 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

We're an inclusive employer and welcome applications from all qualified candidates. If you're excited about working with us, but aren't sure if you're 100% there yet, get in touch anyway. We're on a mission to radically reshape banking – and that starts with our brilliant team. Whatever came before, we're proud to bring together people of all backgrounds and experiences who love working together to solve problems.

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