Head of Credit Risk Modelling & Strategy

Starling Bank; Cardiff; On-site; GBP 120,000 - 150,000; Full time

Benefits offered by this job

25 days holiday

Birthday day off

Annual leave increase with length of‑A

Volunteer time (16 hours)

Salary sacrifice pension

Life insurance 4x salary

Private Medical Insurance

Family discounts (Waitrose, Peloton)

Perkbox membership

Cycle to Work

Job summary

Starling Bank, a leading UK digital bank, is recruiting a Head of Credit Risk Modelling and Strategy for its 2nd line Credit Risk Team in Cardiff. You will lead development, monitoring and enhancement of regulatory credit risk models and decisioning strategies to safeguard the bank’s financial stability.

You will work with stakeholders across the business to ensure models meet risk appetite and strategy, while developing a high-performing team and keeping abreast of regulatory changes.

Qualifications

• 10+ years’ experience in Credit Risk within a Banking environment.
• Strong experience of credit risk modelling.
• Strong understanding of retail and SME lending products.
• Experience of developing and maintaining credit risk strategies, ideally in an unsecured retail lending environment.
• Experience of a range of lending products (mortgages, unsecured retail lending, SME lending) preferred.
• Coding experience in Python, R, SAS or similar.
• Good knowledge of model risk governance.

Responsibilities

• Lead the development, monitoring and maintenance of the Bank’s credit risk decisioning models, including acquisition scorecards and affordability models.
• Develop and monitor automated decisioning strategies for the Bank’s lending products.
• Define standards for credit risk model development which align to the Bank’s Model Risk Framework, and ensure these are implemented within the team.
• Ensure all credit risk models and strategies comply with relevant UK regulatory standards, including PRA and FCA requirements.
• Collaborate with key internal stakeholders, including the first line Asset Management and Finance teams, to ensure models and strategies support business objectives.
• Ensure all models and standards are documented to a high standard, and present outputs to senior stakeholders and committees.
• Lead and develop a high performing team of risk modelling analysts, and support individual continuous professional development.
• Keep track of industry trends and regulatory requirements to continually enhance the Bank’s management of credit risk.

Skills

Credit risk modelling

Stakeholder management

Leadership

Regulatory knowledge

Communication skills

Tools

Python

R

SAS

Job description

Starling Bank, a leading UK digital bank, is recruiting a Head of Credit Risk Modelling and Strategy for its 2nd line Credit Risk Team in Cardiff. You will lead development, monitoring and enhancement of regulatory credit risk models and decisioning strategies to safeguard the bank’s financial stability.

You will work with stakeholders across the business to ensure models meet risk appetite and strategy, while developing a high-performing team and keeping abreast of regulatory changes.