Lead Risk Analyst Model Validation

Starling; Manchester; On-site; GBP 55,000 - 75,000; Full time

Job summary

A leading bank is seeking a talented Lead Risk Analyst - Model Validation to join the Model Risk Oversight Team. This role will involve validating various models such as IFRS 9 and AI/ML models, producing reports, and engaging with stakeholders. The ideal candidate will have a numerical degree or equivalent experience, expertise in analytical tools like Python and SQL, and strong communication skills. Join a forward-thinking team dedicated to transformative banking practices, with numerous benefits including 25 days holiday and private medical insurance.

Benefits

25 days holiday plus public holiday allowance

Extra day’s holiday for your birthday

Annual leave increases with service

16 hours paid volunteering time

Company enhanced pension scheme

Life insurance at 4x salary

Private Medical Insurance

Generous family-friendly policies

Perkbox membership

Access to Cycle to Work initiatives

Qualifications

• Experience in model validation or development across different model types.
• Knowledge of AI models is a bonus.
• Ability to articulate findings clearly for the target audience.
• Organised, flexible, adaptable, and able to switch between tasks.
• Good knowledge of regulatory and risk management guidelines is a bonus.

Responsibilities

• Validate various models including IFRS 9, Operational Risk, AI/ML models.
• Produce validation reports and engage with model developers.
• Present findings to senior leadership and produce committee papers.
• Build relationships with stakeholders for effective model risk management.

Skills

Analytical tools expertise (Python/R/SQL/SAS)

Strong problem-solving skills

Attention to detail

Excellent communication abilities

Teamwork abilities

Education

Graduate level education in a numerical field or equivalent work experience

Job description

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.

We are looking for a talented and passionate Lead Risk Analyst - Model Validation to join our Model Risk Oversight Team. The team focuses on validating and overseeing the risks associated with all models across Starling, particularly those involving advanced modeling techniques (including AI). If you have model validation / model build experience across a variety of models (e.g., credit risk, AI, forecasting) and are eager to be part of the team that plays a vital role in model risk management, we want to hear from you!

Responsibilities

• Validating different types of models used across Starling, such as IFRS 9, Forecasting, Operational Risk, AI/ML models.
• Producing validation reports whilst engaging with the model developers and model owners to ensure the validation findings are understood and can be addressed within the agreed timelines.
• Producing committee papers and presenting at committees.
• Presenting high-level validation findings to Senior leadership.
• Engaging and forming close relationships with the key stakeholders to enable good model risk management practices throughout the model lifecycle.

Requirements

• Graduate level education preferable, ideally in a numerical degree (or an equivalent work experience).
• Experience in model validation or model development, ideally across different model types. Knowledge of the AI models would be a bonus.
• Expert in the use of analytical tools such as Python/R/SQL/SAS and spreadsheets.
• Ability to articulate findings from analysis in a succinct and clear way that is suitable for the target audience.
• Organised, flexible and adaptable, with the ability to switch between tasks seamlessly.
• Strong problem-solving skills and attention to detail.
• Excellent communication and teamwork abilities.
• Good knowledge of regulatory and risk management guidelines, such as EBA guidelines, CRR and PRA rules would be a bonus.

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. 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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