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- Tasks: Lead pricing strategy for retail banking products and drive performance through data analysis.
- Company: Join Starling, a disruptive UK bank revolutionising how people manage their money.
- Benefits: Enjoy 25 days holiday, private medical insurance, and flexible working options.
- Why this job: Be part of a mission to reshape banking with a diverse and innovative team.
- Qualifications: Experience in liability pricing, data modelling, and strategic communication required.
- Other info: Open to discussions on flexible working; diversity and inclusion are core values.
The predicted salary is between 43200 - 72000 £ per year.
Hello, we’re Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We employ more than 3,500 people across our London, Southampton, Cardiff and Manchester offices.
We’re looking for a commercially minded Pricing Lead to take the lead on pricing and commercial ownership across our retail banking portfolio, with a particular focus on liabilities. Leveraging data analysis and model development, you’ll play a critical role in shaping strategy and driving performance. In this role, you will assume full commercial ownership at product level, accountable for delivering against key objectives across the P&L and balance sheet. You’ll work cross functionally to influence outcomes, optimise pricing and support data-led decision making. Operating within a clear governance framework, you’ll have the autonomy to make decisions that directly contribute to our commercial success, while working in an environment that values rigour, innovation and impact.
Key Responsibilities Include:
- Pricing (Liabilities and overdraft)
- Bring in market insights and pricing across Personal Current Accounts, Overdraft and Savings
- Inputs into the commercial plan for Retail Banking
- Shape pricing proposals on a regular basis
- Demonstrate P&L and Balance Sheet impact
- Incorporate sensitivity analysis as a part of pricing decisions
- Drive customer growth
- Input into customer engagement and campaign initiatives
- Data modeling: Develop pricing data models with Starling product and price attributes
- Ingest external market data
- Develop Predictive models of potential pricing options
- Enable Self serve models with ability to run sensitivity analysis
- Commercial strategy: Shape the commercial objectives across P&L and Balance Sheet
- Periodic review of commercial performance and upcoming actions
- Embed macro economics and market outlook
- Risk and Regulation: Embed Consumer Duty principles in all pricing decisions
- Design and monitor fair value principles in pricing decisions
- Input into any regulatory reporting as required
Requirements
Experience:
- Proven liability pricing and commercial outcomes
- Data model development
- Working with Product teams, finance and treasury teams
- Working with Risk and regulatory teams
- Working with broader data and IT teams
Skills:
- Data modeling, machine learning, AI
- Self serve dashboards
- Knowledge of market data sets like ebenchmarkers, CACI etc.
- Awareness of financial forums and operations like ILAAP, stress scenarios etc.
- Strategic communication
Attributes:
- Customer focused
- Robust commercial acumen
- Regulatory awareness, especially Consumer Duty and related fair value principles
- Comfortable working at pace
- Constantly aware of macroeconomic developments and related impact on UK banking/ Starling
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
Starling Bank is an equal opportunity employer, and we’re proud of our ongoing efforts to foster diversity & inclusion in the workplace.
Pricing Lead | London, UK employer: Starling Bank
Contact Detail:
Starling Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Lead | London, UK
✨Tip Number 1
Familiarise yourself with the latest trends in pricing strategies within the banking sector. Understanding how competitors are positioning their products can give you a significant edge when discussing your insights during interviews.
✨Tip Number 2
Network with professionals in the banking and finance industry, especially those involved in pricing and commercial strategy. Attend relevant events or webinars to make connections that could lead to valuable referrals.
✨Tip Number 3
Brush up on your data modelling skills, particularly in relation to pricing. Being able to demonstrate your ability to develop predictive models and self-serve dashboards will be crucial in showcasing your fit for this role.
✨Tip Number 4
Stay updated on macroeconomic developments and their impact on the UK banking sector. This knowledge will not only help you in interviews but also show your commitment to understanding the broader context of the role.
We think you need these skills to ace Pricing Lead | London, UK
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Pricing Lead position. Tailor your application to highlight relevant experience in pricing, data analysis, and commercial strategy.
Highlight Relevant Experience: In your CV and cover letter, emphasise your proven experience in liability pricing and data model development. Use specific examples to demonstrate how you've successfully influenced pricing strategies and outcomes in previous roles.
Showcase Your Skills: Make sure to showcase your skills in data modelling, machine learning, and strategic communication. Mention any familiarity with market data sets and financial operations that are relevant to the role.
Tailor Your Application: Customise your cover letter to reflect Starling's values and mission. Express your enthusiasm for reshaping banking and how your background aligns with their innovative approach. This personal touch can make a significant difference.
How to prepare for a job interview at Starling Bank
✨Understand the Role
Make sure you have a clear understanding of the Pricing Lead role and its responsibilities. Familiarise yourself with key concepts like P&L, balance sheets, and pricing strategies specific to retail banking products.
✨Showcase Your Data Skills
Prepare to discuss your experience with data modelling and analysis. Be ready to provide examples of how you've used data to influence pricing decisions or commercial outcomes in previous roles.
✨Demonstrate Commercial Acumen
Highlight your understanding of market insights and how they impact pricing strategies. Discuss any relevant experiences where you shaped commercial objectives or contributed to a successful pricing proposal.
✨Emphasise Regulatory Awareness
Given the importance of Consumer Duty principles in this role, be prepared to talk about your knowledge of regulatory frameworks and how you've incorporated fair value principles into pricing decisions in the past.
