At a Glance
- Tasks: Lead model risk oversight and ensure compliance across all business areas.
- Company: Join Starling, a disruptive tech bank transforming how people manage their money.
- Benefits: Enjoy 25 days holiday, private medical insurance, and generous family-friendly policies.
- Other info: Open to flexible working discussions; diversity and inclusion are at our core.
- Why this job: Make a real impact in reshaping banking with a dynamic and inclusive team.
- Qualifications: Experience in model risk oversight within banking and strong communication skills.
The predicted salary is between 69750 - 85250 £ per year.
Overview
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 3,500 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. This is a 6 month fixed-term contract.
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
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
- 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. Starling is an equal opportunity employer, and we're proud of our ongoing efforts to foster diversity & inclusion in the workplace.
Senior Manager - Model Risk Management (6 month FTC) in Manchester employer: Starling
Starling Bank is an exceptional employer that prioritises employee well-being and professional growth, offering a vibrant work culture in Manchester. With a commitment to flexible working, comprehensive benefits, and a focus on innovation, employees are empowered to make a meaningful impact in the banking industry while enjoying a supportive and inclusive environment. Join us to be part of a forward-thinking team dedicated to doing the right thing and shaping the future of banking.
