Pricing Lead - Retail Banking

Starling Bank; London; On-site; GBP 70,000 - 100,000; Full time

Job summary

Starling Bank is seeking a Pricing Lead to own the pricing and commercial strategy for retail banking products. The role involves data analysis and model development to enhance pricing strategies for Personal Current Accounts and Overdrafts. Strong commercial acumen and experience in liability pricing are essential.

Benefits

Holiday allowances

Private medical insurance

Pension schemes

Life insurance

Employee discounts

Qualifications

• Proven success in liability pricing and achieving commercial outcomes.
• Experience working with product, finance, treasury, risk, and regulatory teams.

Responsibilities

• Own pricing strategies for liabilities and overdraft products.
• Support customer engagement and campaign strategies.
• Incorporate sensitivity analysis into pricing decisions.

Skills

Data modeling

Machine learning

AI expertise

Knowledge of market data sets

Strategic communication skills

Job description

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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.

Role Overview:

We’re seeking a commercially minded Pricing Lead to take full ownership of pricing and commercial strategy across our retail banking products, focusing on liabilities. Using data analysis and model development, you will play a key role in shaping our strategy and driving performance.

Responsibilities:

• Own pricing strategies for liabilities and overdraft products.
• Bring market insights into pricing for Personal Current Accounts, Overdrafts, and Savings.
• Contribute to the commercial planning for Retail Banking.
• Develop and shape pricing proposals regularly.
• Demonstrate the impact on P&L and Balance Sheet.
• Incorporate sensitivity analysis into pricing decisions.
• Drive customer growth initiatives.
• Support customer engagement and campaign strategies.
• Develop pricing data models with product and price attributes.
• Create predictive models for pricing options.
• Enable self-serve models with sensitivity analysis capabilities.
• Shape commercial objectives related to P&L and Balance Sheet.
• Regularly review commercial performance and plan actions.
• Integrate macroeconomic trends and market outlooks into decision-making.
• Embed Consumer Duty principles and fair value considerations into pricing and regulatory reporting.

Requirements:

Experience:

• Proven success in liability pricing and achieving commercial outcomes.
• Experience working with product, finance, treasury, risk, and regulatory teams.

Skills:

• Data modeling, machine learning, AI expertise.
• Knowledge of market data sets like benchmarks, CACI, etc.
• Understanding of financial operations such as ILAAP and stress testing.
• Strategic communication skills.

Attributes:

• Strong commercial acumen.
• Regulatory awareness, especially regarding Consumer Duty and fair value principles.
• Ability to work at pace and adapt to macroeconomic developments.

Benefits include holiday allowances, private medical insurance, pension schemes, life insurance, and various employee discounts and initiatives.

About us:

We value diverse backgrounds and experiences, and we’re open to flexible working arrangements. If you’re excited about working with us but aren’t sure if you meet every requirement, we encourage you to apply or get in touch.