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
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Starling Bank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Financial Risk Senior Associate/Manager in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Starling Bank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Starling Bank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Starling Bank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Starling Bank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Starling Bank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Starling Bank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
