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- Tasks: Lead pricing strategy for retail banking products and drive performance through data analysis.
- Company: Starling is a disruptive UK bank focused on transforming how people manage their money.
- Benefits: Enjoy 25 days holiday, private medical insurance, and discounts with top brands.
- Why this job: Join a dynamic team shaping the future of banking with innovative strategies and a customer-first approach.
- Qualifications: Experience in liability pricing, data modelling, and strong commercial acumen required.
- Other info: We value diversity and encourage applicants from all backgrounds to apply.
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’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.
Own pricing and commercial strategy for retail banking products. We’re looking for a commercially minded Pricing Analyst 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
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 e-benchmarkers, 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
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.
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 Bank is an equal opportunity employer, and we’re proud of our ongoing efforts to foster diversity & inclusion in the workplace.
Pricing Lead - Retail Banking employer: Starling Bank
Contact Detail:
Starling Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Lead - Retail Banking
✨Tip Number 1
Familiarise yourself with the latest trends in retail banking pricing strategies. Understanding how competitors price their products can give you a significant edge when discussing your insights during interviews.
✨Tip Number 2
Brush up on your data modelling skills, especially in relation to pricing. Being able to demonstrate your ability to develop predictive models and perform sensitivity analysis will be crucial in showcasing your fit for this role.
✨Tip Number 3
Network with professionals in the banking sector, particularly those involved in pricing and commercial strategy. Engaging in conversations about market insights can provide you with valuable information and potentially lead to referrals.
✨Tip Number 4
Stay updated on macroeconomic developments that impact the UK banking landscape. Being knowledgeable about these factors will not only help you in interviews but also demonstrate your proactive approach to understanding the industry.
We think you need these skills to ace Pricing Lead - Retail Banking
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Pricing Lead position. Familiarise yourself with key terms like P&L, balance sheet, and data modelling to demonstrate your knowledge in your application.
Tailor Your CV: Customise your CV to highlight relevant experience in pricing analysis, commercial strategy, and data modelling. Use specific examples from your past roles that align with the job description to showcase your suitability for the position.
Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for the role and the company. Mention how your skills in data analysis and commercial ownership can contribute to Starling's mission of reshaping banking. Be sure to include any insights you have about the retail banking sector.
Showcase Your Analytical Skills: In your application, emphasise your experience with data modelling and predictive analytics. Provide examples of how you've used these skills to drive commercial outcomes in previous roles, as this is crucial for the Pricing Lead position.
How to prepare for a job interview at Starling Bank
✨Understand the Role
Make sure you have a solid grasp of what the Pricing Lead role entails. Familiarise yourself with key responsibilities like pricing strategy, data modelling, and commercial ownership. This will help you articulate how your skills align with their needs.
✨Showcase Your Data Skills
Since this role heavily involves data analysis and model development, be prepared to discuss your experience with data modelling, machine learning, and predictive analytics. Bring examples of how you've used these skills to drive commercial outcomes in previous roles.
✨Demonstrate Commercial Acumen
Starling is looking for someone with robust commercial acumen. Be ready to discuss how you've shaped pricing proposals or influenced P&L outcomes in past positions. Highlight any experience you have with market insights and customer engagement strategies.
✨Emphasise Regulatory Awareness
Given the importance of Consumer Duty principles in this role, make sure to express your understanding of regulatory frameworks and fair value principles. Discuss any relevant experience you have in working with risk and regulatory teams.
