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Head of Debt Management and Recovery

2 months ago


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

This is a senior leadership position responsible for defining and delivering the best customer experience through strong leadership, effective strategy, and efficient processes relating to all collections and recoveries activities.

Key Responsibilities
  • Strategic Leadership: Shape strategic priorities for Collections and Recoveries and present these to Executives and Board.
  • Develop and deliver the strategic plan for Collections aligned to overall business objectives and regulatory requirements to minimize risk and improve efficiencies within the department and across the bank.
  • Align the Collections and Recoveries strategy with overall business objectives and regulatory requirements.
  • Monitor industry trends and incorporate best practices to enhance C&R processes.
  • Develop engagement strategies that support customers to manage their debt and achieve their financial goals.
Operational Management:
  • Planning and managing resources effectively and driving process efficiency.
  • Overall responsibility for management of the Collections function delivering upon set policies and ensuring fair outcomes for customers needing debt management.
  • Challenge the current operating model and ways of working within the department and wider organization.
  • Implement and manage systems and processes to track and improve collection performance.
  • Ensure effective use of technology to optimize collection efforts and efficiency.
Team Leadership and Development:
  • Inspire trust and confidence in individuals and teams.
  • Lead, motivate, and develop a high-performing team.
  • Foster a culture of continuous improvement and professional development.
  • Ensure adequate training and resources are provided to team members.
  • Develop the talented Collections teams to broaden their expertise and build careers within the bank.
Compliance and Risk Management:
  • Support the Executive in ensuring regulatory compliance of customer service operations (Treating Customers Fairly, Consumer Duty of Care, CONC) and constantly challenging this.
  • Ensure all collection activities comply with relevant laws, regulations, and internal policies.
  • Develop and maintain a robust risk management framework for collections and recoveries.
  • Collaborate with risk, legal, and compliance teams to address regulatory changes and challenges.
Performance Monitoring and Reporting:
  • Provide regular reports and insights to senior management on collection performance and trends.
  • Use data analytics to drive decision-making and improve quality and performance.
  • Establish measures of performance to monitor the effectiveness of collection activities.
Stakeholder Management:
  • Collaborate and work closely with Engineering, technical operations, and customer operations leadership to ensure strategic plans are delivered and embedded within the organization.
  • Engagement with third parties to meet obligations under the Government Backed Lending schemes, including representing Starling on industry forums and effectively managing third-party supplier relationships.
  • Work cross-functionally to improve processes and practices across the bank to reduce customer detriment and improve financial health.