Starling Bank

Director of Financial Risk

Starling Bank

full-time

Posted on:

Location Type: Hybrid

Location: London • United Kingdom

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Job Level

Lead

About the role

  • Develop and implement a Financial risk management approach i.e. the framework and policies, by which all financial risk types, including capital, market, liquidity, funding and wholesale credit risks are adequately managed and controlled.
  • Ensure robust risk management is integrated into Starling’s management of its capital, market, funding, liquidity and treasury positions.
  • Develop and maintain, in collaboration with the CRO, an appropriate Risk Appetite for financial risks, including forward-looking measures, which can be presented to and approved by the Board, ensuring the needs of Starling are addressed.
  • Identify, assess and monitor financial risks, including wholesale credit ensuring Starling’s financial risks are aligned with its Risk Appetite.
  • Provide review, challenge and guidance as part of the ICAAP and ILAAP processes and ensure the embedding of these approaches into the Bank’s risk-based decision-making.
  • Provide review, challenge and guidance for the Bank’s stress testing and recoverability framework.
  • Provide oversight of the Bank’s liquidity and market risk exposures, including, but not limited to, its IRRBB exposures and the measures taken to manage this.
  • Lead, mentor and develop a team of qualified and highly motivated risk professionals.
  • Assist the business to identify and proactively manage their risks, which may impact the business objectives of Starling, including collaborative engagement with, and challenge of, the Chief Financial Officer and the Treasurer.
  • Ensure that Starling is fully compliant with all applicable regulations.
  • Ensure Starling has an adequate policy library with supplementary procedures to support regulatory compliance and which outlines appropriate internal controls.
  • Actively participate in the Bank’s governance, including ALCO and the Executive and Board Risk Committees, providing a clear opinion on the Bank’s financial risk profile.
  • Ensure there is adequate and reliable risk reporting in place, covering all financial risk types in order that the Executive Committee and Board have an accurate understanding of the risk profile of the business.
  • Oversee and challenge the business in the implementation of their processes and controls and management of their risks, undertaking periodic assurance reviews

Requirements

  • It is essential that you have significant experience managing Financial and Treasury Risk in an established financial services coupled with an excellent understanding of the prudential and conduct regulatory landscape and broader regulation impacting Starling
  • You should be a commercial, pragmatic and solutions-oriented individual, that will be adept at interpreting, understanding and explaining regulation, allowing you to assist Starling in meeting their business and regulatory requirements.
  • You are a strategic thinker with a proactive risk management approach, able to support the Finance and Treasury in developing an appropriate balance-sheet management strategy
  • You have experience in attracting, managing and developing talented individuals
  • It is essential that you have excellent communication and stakeholder management skills and are able to advise, challenge and influence at the highest levels both internally and externally
  • You will be a highly credible individual, able to represent Starling externally, interact with the Regulator and have a strong network across the industry, within both the public and private sector
  • You will be able to operate effectively in a dynamic, technology driven, fast-paced and customer centric environment
  • An accountancy background would be advantageous but is not essential
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 & group income protection
  • 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
  • Incentives refer a friend scheme
  • 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, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard skills
financial risk managementcapital risk managementmarket risk managementliquidity risk managementfunding risk managementwholesale credit risk managementrisk appetite developmentstress testingICAAPILAAP
Soft skills
leadershipmentoringstrategic thinkingcommunicationstakeholder managementcollaborationproblem-solvinginfluencingproactive risk managementcommercial acumen