Prudential Manager - Credit

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 3,000 people across our London, Southampton, Cardiff and Manchester offices.

You will be part of the Prudential Team, sitting in the Finance Division, based in London.

The Prudential team is responsible for delivery of the key prudential regulatory processes such as the Internal Capital Adequacy Assessment Process (ICAAP) and Recovery Plan, as well as managing ongoing maintenance and development of the bank’s resolvability capabilities under the Resolvability Assessment Framework.

The role represents a fantastic opportunity to join a friendly and hard-working team, and make your mark at one of the UK’s most exciting fintechs that’s changing banking for good.

Responsibilities:

• Design and calibrate economic scenarios for use in stress testing. Understand and clearly explain to senior stakeholders the ways that different macroeconomic variables affect Starling’s business model.
• Project manage the stress testing process for the ICAAP and other deliverables.
• Produce analysis on expected credit loss for Starling’s lending portfolios, for use in the ICAAP, other stress testing outputs and BAU forecasts.
• Undertake credit and credit concentration risk analysis in the ICAAP.
• Work collaboratively across teams, in particular with the FP&A team, Asset Management and Risk teams.
• Support the rest of the team’s responsibilities on resolvability, ICAAP and Recovery Plan.

The successful candidate will have experience within the banking industry, or at a consultancy or regulator, in credit risk and impairments and will be looking for their next challenge.

• Confident, friendly and able to build strong relationships within the team, and with stakeholders.
• Capable of hitting the ground running, and working in a dynamic environment.
• Organised and efficient, a team player and, importantly, you will want to make a difference.
• Ability to present complex concepts to senior stakeholders, including executives.
• Knowledge of credit risk and the impairments approach under IFRS 9.
• Background in economics, able to understand how changes in the economic environment can affect banks.
• An understanding of stress testing methodologies and processes.
• Understanding of the prudential regulatory environment.
• Experience working with credit risk models and familiarity with outputs.
• Proficient at performing analysis in Excel, with programming experience a bonus.

• 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
• Incentivised 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.

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