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- Tasks: Lead the Risk and Compliance team, ensuring compliance with legal obligations and best practices.
- Company: Join Starling, a revolutionary bank blending technology with finance for a better banking experience.
- Benefits: Enjoy 25 days holiday, private medical insurance, and perks like discounts and wellness support.
- Why this job: Be part of a mission to reshape banking while fostering a diverse and inclusive workplace.
- Qualifications: Experience in payments and compliance, with strong communication skills and ethical standards required.
- Other info: Open to flexible working discussions; we value diverse backgrounds and experiences.
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 thepower 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.
Reporting to the Head of Starling Banking Services as our Risk and Compliance Manager, you will own and manage approach and day to day activity to ensure SBS is complying with all applicable legal and regulatory obligations from a policy and operational point of view. You will lead a small team to ensure SBS financial crime and compliance policy aligns with Bank policy and our operational activities are carried out in a timely manner. This role covers financial crime including transaction monitoring, sanctions screening and fraud monitoring as well as some operational risks and compliance activity.
Key Responsibilities Include:
- Act as the leader of the Risk and Compliance function within SBS, ensuring SBS policy fits in with Bank policy and all operational activities are carried out in a timely and compliant manner.
- Reporting of relevant compliance and financial crime MI to senior management and stakeholders
- Setting best practice in relation to transaction monitoring, sanction screening and compliance within the team and ensuring these steps are carried out by the team
- Representing SBS at relevant internal risk and economic crime committees
- Working with 2LOD to ensure best practices are being considered within the SBS team
- Carrying out initial and ongoing onboarding of new SBS clients
- Acting as a point of escalation for sales and account management colleagues on compliance matters relating to the live and prospective clients
- Own the RCSA process for SBS in conjunction with senior management
- Proven experience in payments and understanding of best practices from a risk and compliance perspective
- Deep understanding of FPS, Bacs, Open Banking, A2A payments and the developing ecosystem around the National Payments Vision
- Familiarity with API driven payment products
- Comprehensive understanding of different regulated industries including E-money and FX firms, especially on nested payment flows
- Hands-on, resilient, and adaptable to a fast moving environment
- Excellent verbal and written communication skills
- Consistently act with the highest ethical standards, ensuring decisions are always in the best interest of our customers, colleagues, and the bank. Lead by example, fostering a culture of trust and transparency across all levels.
- 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. 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. When you provide us with this information, you are doing so at your own consent, with full knowledge that we will process this personal data in accordance with our Privacy Notice. By submitting your application, you agree that Starling Bank will collect your personal data for recruiting and related purposes. Our Privacy Notice explains what personal information we will process, where we will process your personal information, its purposes for processing your personal information, and the rights you can exercise over our use of your personal information.
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Risk and Compliance Manager employer: Starling Bank
Contact Detail:
Starling Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk and Compliance Manager
✨Tip Number 1
Familiarise yourself with the latest regulations and compliance standards in the banking sector, especially those related to financial crime. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a fast-moving environment.
✨Tip Number 2
Network with professionals in the risk and compliance field, particularly those who work in banks or financial institutions. Attend industry events or webinars to connect with potential colleagues and learn about best practices that can set you apart.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed compliance issues or led teams in previous roles. Highlighting your hands-on experience will show that you can lead the Risk and Compliance function effectively at Starling.
✨Tip Number 4
Research Starling Bank's culture and values, and think about how your personal ethics align with theirs. Be ready to articulate how you would foster a culture of trust and transparency within the team during your interview.
We think you need these skills to ace Risk and Compliance Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Risk and Compliance Manager position. Tailor your application to highlight relevant experience in financial crime, compliance, and risk management.
Highlight Relevant Experience: In your CV and cover letter, emphasise your proven experience in payments and your understanding of best practices from a risk and compliance perspective. Mention specific examples of how you've successfully managed compliance activities in previous roles.
Showcase Communication Skills: Since excellent verbal and written communication skills are crucial for this role, ensure that your application is well-written and free of errors. Use clear and concise language to convey your ideas and experiences effectively.
Express Your Values: Starling Bank values ethical standards and a culture of trust and transparency. In your application, express your commitment to these values and provide examples of how you have demonstrated them in your professional life.
How to prepare for a job interview at Starling Bank
✨Understand the Regulatory Landscape
Familiarise yourself with the key regulations and compliance requirements relevant to the banking sector, especially those related to financial crime, transaction monitoring, and sanctions screening. This knowledge will demonstrate your expertise and readiness for the role.
✨Showcase Leadership Skills
As a Risk and Compliance Manager, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've successfully managed teams in the past, particularly in high-pressure environments.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think about past experiences where you had to navigate complex compliance issues or manage risks, and be ready to explain your thought process and outcomes.
✨Emphasise Ethical Standards
Starling values ethical decision-making. Be ready to discuss how you ensure compliance while acting in the best interests of customers and the bank. Share examples of how you've upheld high ethical standards in your previous roles.
