At a Glance
- Tasks: Join our Regulatory Reporting team to enhance banking processes and drive improvements.
- Company: Starling Bank, a tech-driven bank reshaping the financial landscape.
- Benefits: 25 days holiday, private medical insurance, and flexible working options.
- Other info: Diverse and inclusive workplace with excellent career growth opportunities.
- Why this job: Make a real impact in a fast-paced environment while learning about regulatory reporting.
- Qualifications: Strong communication skills and a problem-solving mindset; experience with data analysis is a plus.
The predicted salary is between 40000 - 50000 £ 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.
To support the Bank's growth and regulatory changes we are looking for a new analyst within the Regulatory Reporting team. The team is London based and comprises 9 individuals covering reporting, regulatory change and regulatory assurance. The regulatory reporting in scope includes capital adequacy, liquidity, leverage, large exposures and Pillar 3 disclosures. As a small team the activities are shared across the team and the ability to work flexibly on different reports over time, develop processes and work on various internal and external changes is key to the role. The specific role has responsibility for some reporting but also requires reporting improvement mindset and skills. Strengthening the team's capability through technology enabled process change is a key aim of the team.
Responsibilities:
- Build an experience across different prudential reporting to develop knowledge and understanding of prudential rules and application. The role will start with a liquidity focus.
- Support Regulatory Reporting activities, with an aim of taking ownership for specific reports end to end.
- Support development of the reporting process and help drive improvements to the wider processes through process automation, simplification and enhancement.
- Engage with stakeholders to optimise information provided to the team, with a view to efficiency and control improvements.
- Drive automated data capture through core data platforms where possible.
- Create and present reporting MI to support management review, approval and submission of information.
- Consider risks and controls and discuss with managers as appropriate.
- Support wider regulatory related activity, for example prudential ratio forecasts as required.
- Support internal change from a regulatory perspective, for example assessment of the liquidity impacts of new retail products.
- Support external regulatory changes as they arise, such as Basel 3.1.
Requirements:
- Understanding of prudential regulation concepts
- Strong communication - written via monthly MI and verbal
- Problem solving mindset
- Strong analytics capability / data literate with experience of AI
- Experience of software including Excel, Google to support data analysis
- Ability to understand and implement risk and control processes
- Prudential reporting experience (nice to have)
Interview Process:
Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:
- Step 1: Interview with one of the team's current senior managers
- Step 2: Interview with the Head of Regulatory Reporting
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 Bank is an equal opportunity employer, and we're proud of our ongoing efforts to foster diversity & inclusion in the workplace.
Regulatory Reporting Analyst 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 London-based Regulatory Reporting team offers a collaborative work culture where employees are encouraged to develop their skills and take ownership of their projects, all while enjoying generous benefits such as enhanced holiday allowances, private medical insurance, and a commitment to diversity and inclusion. Join us in reshaping banking and experience a workplace that values your contributions and supports your growth.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Reporting Analyst
✨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 Regulatory Reporting Analyst
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.
