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.
We’re looking to recruit a Head of Treasury Risk within the 2nd line risk function reporting to the Director of Financial Risk. The role covers the oversight and challenge of Market Risk, predominantly Interest Rate Risk in the Banking Book (IRRBB) but also FX and credit spread risk. The role will also provide broader oversight of the Bank’s hedging activities and Treasury operations. It will work closely with the Head of Liquidity Risk, Wholesale Credit Risk and Treasury Compliance colleagues to take a holistic view of the risks across the Bank’s Treasury function.
Please note this role will require regular travel to our London Office.
It will be hands-on with senior exposure. This role represents a fantastic opportunity to join a vibrant institution and to shape the Bank’s approach to managing risks from Treasury activities.
Your responsibilities will include but not be limited to:
1. Establishing strong relationships with the Treasurer, and provide effective oversight and challenge of:
2. Market risk (IRRBB, FX and credit spread risk)
3. Stress testing of market risk exposures
4. Key assumptions used in models. of behavioural assumptions
5. Management information and proposals that come to ALCO
6. The control framework around market risk
7. The bank’s hedging strategy, assumptions, controls and resulting exposures
8. Hedge accounting and hedge effectiveness
9. Regulatory reporting of these risks
10. The IRRBB section of the ICAAP
11. Setting market risk appetite and writing market risk policies.
12. Producing the market risk section of the CRO report
13. Carrying out market risk analysis
14. Inputting into the migration of the monitoring of interest rate risk from spreadsheets to an Asset & liability Management (ALM) system.
15. Reviewing strategic initiatives and considering the impact on market risk.
16. Undertaking model validation on key interest rate risk models used for interest rate risk reporting.
17. Undertaking assurance reviews, including on the appropriateness of risk controls, quality of reporting and implementation of risk appetite and policies.
18. Carrying out ad hoc analysis to obtain a deep understanding of the key market risks facing the bank and key behavioural assumptions.
19. Horizon scanning of new regulatory requirements and consideration of the impacts
20. Working with the operational risk team to oversee the management and mitigation of operational risks stemming from the treasury function.
21. Working with the compliance function on the management and mitigation of compliance risks stemming from the treasury function.
22. Working with the Head of Liquidity Risk and wholesale credit to have a holistic view of the risks and controls across the Treasury front, middle and back office.
Requirements
23. Considerable and extensive experience in Treasury risk management in a bank, consultancy or regulatory environment.
24. Strong demonstrable experience working in a 2LoD risk function, 1LoD front or middle office treasury function, or a consultancy providing ALM advice or a regulatory environment with expertise in a Treasury/ALM oversight.
25. Understanding of regulatory requirements for a treasury function, both risk and compliance, and regulatory reporting requirements.
26. Experience of structural hedging.
27. Understanding of hedge accounting.
28. Experience using or implementing a ALM system.
29. Flexible and adaptable; must be able to juggle multiple competing priorities whilst managing expectations.
30. Self starter; proactive attitude, committed to continuous improvement and willing to drive different initiatives in a changing environment.
31. Strong stakeholder management skills and a track record of building senior level relationships.
32. Strong influencing skills and an ability to manage change and react quickly with a view.
33. Excellent interpersonal skills including the ability to challenge in a positive manner and handle difficult situations.
34. Excellent decision making, planning and prioritising skills
35. Willingness to take a hands-on role in a dynamic organisation
36. SQL and Python skills are highly desirable.
Benefits
37. 25 days holiday (plus take your public holiday allowance whenever works best for you)
38. An extra day’s holiday for your birthday
39. Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off
40. 16 hours paid volunteering time a year
41. Salary sacrifice, company enhanced pension scheme
42. Life insurance at 4x your salary
43. Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
44. Generous family-friendly policies
45. Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
46. 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.