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- Tasks: Analyse wholesale credit risk and support decision-making on investments.
- Company: Join Starling, a disruptive tech bank transforming how people manage money.
- Benefits: Enjoy 25 days holiday, private medical insurance, and flexible working options.
- Why this job: Shape the future of banking while developing your skills in a vibrant environment.
- Qualifications: Experience in financial analysis and strong Excel skills required.
- Other info: Diverse team culture with excellent career growth opportunities.
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 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.
Requirements:
- 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 skill.
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, MrMrs 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.
Wholesale Credit Risk Analyst employer: Starling
Contact Detail:
Starling Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Wholesale Credit Risk Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Starling Bank and its culture. Understand their approach to wholesale credit risk and be ready to discuss how your skills align with their needs. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your experience with RMBS, covered bonds, and ABS. Highlight your analytical skills and how they can benefit Starling’s financial risk team. Confidence is key!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the Starling family.
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 your experience with RMBS, covered bonds, and ABS, as well as any relevant quantitative skills. We want to see how your background aligns 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 your skills can contribute to our mission. Keep it concise but impactful – we love a good story!
Show Off Your Analytical Skills: Since this role involves a lot of analysis, make sure to showcase your analytical skills in your application. Mention specific tools you've used, like Excel or Python, and any relevant projects that demonstrate your expertise in wholesale credit risk.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us. Plus, we love seeing candidates who take the initiative to connect with us directly!
How to prepare for a job interview at Starling
✨Know Your Numbers
As a Wholesale Credit Risk Analyst, you'll need to be comfortable with financial data. Brush up on your knowledge of RMBS, covered bonds, and ABS. Be prepared to discuss how you’ve used quantitative analysis in previous roles and how it can apply to Starling's risk assessments.
✨Showcase Your Flexibility
This role requires someone who can juggle multiple priorities. Think of examples from your past where you've successfully managed competing tasks or adapted to changing situations. Highlight your willingness to work across different risk disciplines, as this will show you're a team player.
✨Master the Tech Tools
Starling values advanced Excel skills and familiarity with Bloomberg. Make sure you can demonstrate your proficiency with these tools during the interview. If you have experience with Python or SQL, be ready to discuss how you've used these languages for model development or data analysis.
✨Prepare for Scenario Questions
Expect questions that assess your decision-making skills and ability to handle risk scenarios. Prepare by thinking through potential challenges in wholesale credit risk and how you would approach them. This will show your analytical mindset and readiness to contribute to Starling's risk management strategies.
