At a Glance
- Tasks: Support financial risk oversight and evaluation while conducting data analysis and scenario assessments.
- Company: Join Starling, a disruptive fintech bank transforming how people manage their money.
- Benefits: Enjoy 25 days holiday, private medical insurance, and generous family-friendly policies.
- Other info: Diverse and inclusive workplace with flexible working discussions encouraged.
- Why this job: Make a real impact in a growing fintech firm with excellent professional development opportunities.
- Qualifications: Experience in banking or consultancy, strong analytical skills, and a collaborative mindset.
The predicted salary is between 55000 - 65000 £ 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.
To support our ongoing growth, we are looking to recruit a Financial Risk Associate/Manager within our 2nd Line Risk function, reporting to the Head of Capital Risk. This role involves supporting the Director of Financial Risk and the Head of Capital Risk with the oversight and evaluation of capital risk, climate-related financial risk, and resolution & recovery planning, alongside undertaking data and scenario analysis. This is a hands-on, analytical role offering senior management exposure and excellent opportunities for professional development.
Key Accountabilities
- Oversight & Evaluation: Supporting the Head of Capital Risk with the review and evaluation of the bank’s Recovery Plan, Resolvability Assessment Framework, ICAAP, stress testing processes, and climate risk assessments.
- Assurance & Review: Undertaking assurance and model reviews to provide robust oversight of risk controls, policy implementation, and the accuracy of management information and prudential regulatory reporting.
- Strategic Input: Contributing to the setting of the Capital Risk Appetite and reviewing strategic initiatives to evaluate key assumptions and their impact on capital and resolvability.
- Data Analysis: Performing thorough data analysis, including evaluating climate risk data and business plan assumptions.
- Communication: Preparing and writing financial risk reports for the Executive and Board Risk Committees.
Requirements
- Professional Experience: Demonstrable experience within a bank, consultancy firm, or regulatory environment.
- Industry Knowledge: Practical experience or a deep understanding of ICAAP, stress testing, prudential regulatory developments, or the Resolvability Assessment Framework is highly desirable.
- Analytical Skills: Robust financial and scenario analysis skills with a high level of accuracy and attention to detail.
- Adaptability: A flexible approach to balancing competing priorities, managing expectations, and navigating a changing environment.
- Interpersonal Skills: A proactive, growth-oriented mindset with the ability to provide constructive feedback and handle complex situations with diplomacy.
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.
- 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
Starling Bank is an equal opportunity employer, and we’re proud of our ongoing efforts to foster diversity & inclusion in the workplace. Individuals seeking employment at Starling Bank are considered without regard to race, religion, national origin, age, sex, gender, gender identity, gender expression, sexual orientation, marital status, medical condition, ancestry, physical or mental disability, military or veteran status, or any other characteristic protected by applicable law.
Financial Risk Senior Associate/Manager in London employer: Starling Bank
At Starling Bank, we pride ourselves on being a forward-thinking employer that combines the innovation of a tech company with the stability of a fully licensed bank. Our vibrant work culture fosters collaboration and inclusivity, offering employees exceptional benefits such as generous holiday allowances, private medical insurance, and opportunities for professional growth. Join us in our mission to reshape banking while enjoying a supportive environment that values your contributions and well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Risk Senior Associate/Manager in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with your own. This will help you stand out and show that you're genuinely interested in being part of their team.
✨Tip Number 3
Practice your responses to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your answers and highlight your achievements effectively.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can leave a lasting impression and show your enthusiasm for the role. Plus, it keeps you on their radar as they make their decision.
We think you need these skills to ace Financial Risk Senior Associate/Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Financial Risk role. Highlight your analytical skills and any relevant experience in banking or consultancy to catch our eye!
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're excited about joining Starling. Share specific examples of how your background fits with our mission to reshape banking and manage financial risk.
Showcase Your Analytical Skills:Since this role is all about data analysis, don’t shy away from showcasing your analytical prowess. Include examples of past projects where you’ve successfully evaluated data or conducted scenario analysis.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Starling Bank
✨Know Your Financial Risk Stuff
Make sure you brush up on your knowledge of ICAAP, stress testing, and the Resolvability Assessment Framework. Being able to discuss these topics confidently will show that you're not just familiar with the concepts but can also apply them in a practical setting.
✨Show Off Your Analytical Skills
Prepare to demonstrate your analytical prowess during the interview. Bring examples of past data analysis projects or scenarios you've worked on, especially those related to climate risk or capital management. This will help you stand out as someone who can handle the hands-on nature of the role.
✨Communicate Clearly
Since you'll be preparing reports for senior management, practice articulating complex financial concepts in a clear and concise manner. You might even want to prepare a mock report to showcase your writing skills and ability to convey important information effectively.
✨Be Ready for Scenario Questions
Expect questions that test your adaptability and problem-solving skills. Think of examples where you've had to balance competing priorities or navigate a challenging situation. This will highlight your proactive mindset and ability to handle the dynamic environment at Starling.
