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- Tasks: Lead model risk oversight and compliance across all business areas.
- Company: Join Starling Bank, a tech-driven bank transforming 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 model risk oversight within banking and strong communication skills required.
- Other info: This is a 12-month fixed-term contract with opportunities for personal growth.
The predicted salary is between 43200 - 72000 £ per year.
Social network you want to login/join with:
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Client:
Starling Bank
Location:
Cardiff, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Reference:
da6392870609
Job Views:
4
Posted:
14.07.2025
Expiry Date:
28.08.2025
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Job Description:
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’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.
A fantastic opportunity has become available as a Senior Risk Manager in our growing Model Risk Oversight team. As a Senior Risk Manager you will be working across all business areas on implementation and compliance assessment of the Model Risk Policy and all related modelling standards. You will be responsible for the maintenance of the Bank’s model inventory, and reporting on model performance against risk appetite.
Please note; this is a 12 month fixed-term contract.
Key Responsibilities
- Work across all business areas on implementation and compliance assessment of Model Risk Policy.
- Lead on periodic reviews of Model Risk Governance Policies and Standards.
- Update and maintain the Model Inventory, risk assessment and reporting.
- Track and report on the compliance of models with governance requirements.
- Keep track of industry trends and regulatory requirements to continually enhance the Bank’s approach to model and AI risk.
- Report to Committees on the performance of models, including against the Bank’s model risk appetite.
- Develop an assurance plan for model and AI risk and undertake assurance reviews.
Requirements
- Experience in model risk oversight and control related roles within a Banking environment.
- A detailed understanding of the types of models used within a Bank, including where model risks may arise.
- A proven ability to interpret and comply with regulatory requirements.
- Proven experience in influencing, negotiation and relationship management.
- Strong communication skills, with experience of preparing and presenting documents and committee papers in relation to model risk.
- A good understanding of model development, validation and implementation processes.
- Strong understanding of best practice in model risk governance.
- Ability to create clear and informative summary information and MI packs.
- 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
- 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
- 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
About Us
You may be put off applying for a role because you don\’t tick every box. Forget that! While we can’t accommodate every flexible working request, we\’re always open to discussion. So, 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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Senior Manager - Model Risk Management employer: Starling Bank
Contact Detail:
Starling Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Manager - Model Risk Management
✨Tip Number 1
Familiarise yourself with Starling Bank's culture and values. Understanding their mission to reshape banking can help you align your responses during interviews, showcasing how your experience in model risk management fits into their innovative approach.
✨Tip Number 2
Network with current or former employees of Starling Bank on platforms like LinkedIn. Engaging in conversations about their experiences can provide valuable insights into the company’s expectations and work environment, which you can leverage in your discussions.
✨Tip Number 3
Stay updated on the latest trends in model risk management and regulatory changes within the banking sector. Being able to discuss recent developments during your interview will demonstrate your commitment to the field and your proactive approach to compliance.
✨Tip Number 4
Prepare to discuss specific examples from your past roles that highlight your skills in influencing and relationship management. Starling values strong communication skills, so being ready to share relevant stories will help you stand out as a candidate.
We think you need these skills to ace Senior Manager - Model Risk Management
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Senior Manager - Model Risk Management position at Starling Bank. Understand the key responsibilities and requirements, as this will help you tailor your application.
Tailor Your CV: Customise your CV to highlight relevant experience in model risk oversight and control within a banking environment. Emphasise your understanding of regulatory requirements and your ability to manage relationships effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the banking industry. Mention specific experiences that align with the responsibilities listed in the job description, such as your experience in model governance and compliance assessment.
Highlight Communication Skills: Since strong communication skills are essential for this role, ensure you provide examples in your application of how you've prepared and presented documents or committee papers related to model risk. This will demonstrate your capability in this area.
How to prepare for a job interview at Starling Bank
✨Understand Model Risk Management
Make sure you have a solid grasp of model risk management principles. Be prepared to discuss specific models you've worked with and how you've managed risks associated with them.
✨Showcase Your Communication Skills
As a Senior Manager, you'll need to present complex information clearly. Practice explaining technical concepts in simple terms, as you may need to communicate with non-technical stakeholders.
✨Stay Updated on Regulatory Changes
Demonstrate your knowledge of current regulatory requirements and industry trends. Being able to discuss recent changes and their implications for model risk will show your commitment to the role.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills. Think about past experiences where you had to influence decisions or manage relationships, and be ready to share those examples.
