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- Tasks: Analyse wholesale credit risk and support investment decisions in a dynamic banking environment.
- Company: Join Starling, a disruptive tech bank transforming how people manage their money.
- Benefits: Enjoy 25 days holiday, private medical insurance, and flexible working options.
- Why this job: Make a real impact in a fast-growing bank while developing your financial risk skills.
- Qualifications: Experience in financial analysis and strong Excel skills are essential.
- Other info: Be part of a diverse team committed to reshaping the banking industry.
The predicted salary is between 36000 - 60000 £ 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 our ongoing growth, we’re looking to recruit a Wholesale Credit Risk Analyst within the 2nd line Financial Risk Team. The role covers the analysis of wholesale credit risk within the business. It will be hands-on with senior exposure. This role represents a fantastic opportunity to join a vibrant, fast growing institution and to shape the Bank’s approach and infrastructure around wholesale credit risk and the Starling Treasury portfolio.
Starling’s wholesale credit risk arises from its balance sheet management activities and its investments in securities, such as covered bonds and asset backed securities. Starling is looking for an analyst with previous experience of performing analysis of financial institutions and treasury investments (Covered Bonds, RMBS, ABS, SSAs) in order to support decision making on what counterparty and investment limits Starling should have in place.
While the principal focus of this role will be on wholesale credit risk, we are also looking for someone that is flexible and willing to work across other disciplines within the financial risk team such as Capital Risk, Liquidity Risk, Market Risk, Climate Risk and Recovery & Resolvability.
Work will include:
- Providing robust risk analysis of the Bank’s wholesale credit risk exposures ahead of new investments in a prompt and timely manner;
- Undertaking in depth due diligence and analysis of new product proposals;
- Performing annual reviews of existing wholesale credit lines;
- Undertaking ongoing monitoring of exposures and undertaking regular reviews of current limits to ensure that they remain appropriate;
- Continue to develop accurate and fit for purpose stress testing of the portfolio as appropriate;
- Continue to develop Starling’s wholesale credit risk policy, risk appetite, limits and key risk indicators;
- Continue to develop and improve the in-house credit rating system for Starling;
- Assist team members across the financial risk team on other risk disciplines as required;
- Establish good working relationships and work together closely with the 1LoD Treasury and Finance teams; supporting them to achieve their objectives and providing constructive challenge;
- Attending credit committee meetings and presenting to senior management where necessary;
- Undertaking horizon scanning of new regulatory requirements and making considerations of the impacts;
- Supporting other areas of Financial Risk when needed across Capital, Liquidity, Market and Climate Risk.
Extensive, hands-on experience of conducting analyses of wholesale credit exposures - with a particular emphasis on RMBS, covered bonds & consumer/auto ABS. The ability to analyse financial institutions and SSAs as well.
Strong demonstrable experience working in a 2LOD risk function, 1LOD front or middle office Treasury function with expertise in wholesale credit risk;
Quantitative mindset and education;
Advanced Excel skills (formulas, pivot tables, ideally VBA or Power Query);
Advanced Bloomberg experience (Excel API and downloading and organising of Bloomberg data to assist in analysis and monitoring of performance);
Experience working with credit stress testing, showing understanding of how losses are modelled and accounted for, for mortgage and consumer credit portfolios.
Previous experience at a rating agency analysing RMBS & Consumer ABS would be ideal;
Strong experience of model development, ideally working with languages such as Python and SQL;
Understanding of regulatory requirements for wholesale credit risk;
A general understanding of financial markets and bank regulatory capital risks/stress testing with an interest to develop skills in these areas;
Flexible and adaptable; must be able to juggle multiple competing priorities whilst managing expectations;
Self-starter; proactive attitude, committed to continuous improvement and willing to drive different initiatives in a changing environment;
Attention to detail and accuracy;
Previous experience of optimising and automating wholesale credit risk processes (analysis, performance monitoring etc);
Strong influencing skills and an ability to manage change and react quickly with a view;
Excellent interpersonal skills, including the ability to challenge in a positive manner and handle difficult situations;
Excellent decision making, planning and prioritising skills;
The ideal candidate will be performing the above role at an existing financial institution or come from a rating agency background analysing financial institutions or securitisations. You will have the knowledge and skill set to be able to hit the ground running and make an immediate contribution to this fast growing area.
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. 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.
Wholesale Credit Risk Analyst employer: Starling Bank
Contact Detail:
Starling Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Wholesale Credit Risk Analyst
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage, the better your chances of landing that dream role at Starling.
✨Show Off Your Skills
When you get the chance to chat with someone from Starling, don’t hold back! Share your experiences with wholesale credit risk and how you’ve tackled challenges. Let them see the real you and what you can bring to the team.
✨Prepare for the Interview
Do your homework on Starling and the role. Understand their approach to wholesale credit risk and be ready to discuss how your skills align with their needs. Confidence is key, so practice those answers!
✨Follow Up
After your interview, drop a quick thank-you note to express your appreciation. It shows you’re genuinely interested and keeps you fresh in their minds. Plus, it’s a great way to reinforce your enthusiasm for the role!
We think you need these skills to ace Wholesale Credit Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Wholesale Credit Risk Analyst role. Highlight relevant experience, especially in analysing financial institutions and treasury investments. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're excited about joining Starling and how you can contribute to our mission. Be genuine and let your personality come through – we love that!
Showcase Your Skills: Don’t forget to highlight your advanced Excel and Bloomberg skills, as well as any experience with Python or SQL. We’re keen on candidates who can hit the ground running, so make sure we see your technical prowess!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at Starling!
How to prepare for a job interview at Starling Bank
✨Know Your Numbers
As a Wholesale Credit Risk Analyst, you'll need to be comfortable with numbers and data analysis. Brush up on your quantitative skills and be ready to discuss specific metrics related to RMBS, covered bonds, and ABS. Familiarise yourself with the latest trends in these areas so you can speak confidently about them during the interview.
✨Showcase Your Experience
Make sure to highlight your hands-on experience in analysing wholesale credit exposures. Prepare examples from your previous roles that demonstrate your ability to conduct due diligence and risk analysis. Be ready to discuss how you've contributed to decision-making processes regarding counterparty limits and investment strategies.
✨Understand the Regulatory Landscape
Starling is looking for someone who understands the regulatory requirements for wholesale credit risk. Do your homework on current regulations and be prepared to discuss how they impact the bank's operations. This will show that you're not only knowledgeable but also proactive about staying informed in a rapidly changing environment.
✨Be a Team Player
Collaboration is key in this role, so be ready to talk about your interpersonal skills and how you've worked with different teams in the past. Share examples of how you've built relationships with Treasury and Finance teams, and how you've provided constructive challenges to ensure objectives are met. This will demonstrate your ability to fit into Starling's vibrant culture.
