Senior Analyst - Model Validation

Starling Bank; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

Join Starling Bank as a Model Validation Senior Analyst, playing a crucial role in model risk management. You will validate various models, produce comprehensive reports, and work closely with stakeholders to ensure robust model oversight. This is an exciting opportunity within a leading digital bank committed to fair and advanced banking solutions.

Benefits

25 days holiday plus public holiday allowance

Extra day's holiday for birthday

Annual leave increases with service

16 hours paid volunteering time annually

Life insurance at 4x salary

Private Medical Insurance including mental health support

Generous family-friendly policies

Qualifications

• 2-3 years of experience in model validation or model development.
• Familiarity with regulatory guidelines such as EBA guidelines.
• Ability to articulate findings clearly to various stakeholders.

Responsibilities

• Validate models like IFRS 9, Forecasting, Operational Risk.
• Produce validation reports and engage with model developers.
• Present findings at committee meetings and manage stakeholder relationships.

Skills

Analytical tools

Model Validation

Communication

Problem-solving

Education

Degree in a quantitative field

Tools

Python

R

SQL

SAS

Job description

At Starling, we are on a mission to provide people with a fairer, smarter, and more human alternative to traditional banks. We are building a leading digital bank, driven by fast technology, fair service, and honest values. Our vision is to create a banking industry that serves everyone, which we accomplish by developing best-in-class proprietary technology, offering an exceptional customer experience, and establishing a strong, sustainable business.

Our five core values - Listen, Keep It Simple, Do The Right Thing, Own It, and Aim for Greatness - are at the heart of everything we do, guiding our strategy and shaping our culture. We're a branchless, largely paperless bank, committed to responsible banking, sustainability, and fostering an inclusive environment where everyone can thrive.

We are looking for a talented and passionate Model Validation Senior Analyst 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 modelling techniques (including AI). If you have model validation / model build experience and are eager to be part of the team that plays a vital role in model risk management, we want to hear from you!

As a Senior Analyst - Model Validation, with the support from your manager, you will be responsible for:

• 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.
• Engaging and forming close relationships with the key stakeholders to enable good model risk management practices throughout the model lifecycle.

At Starling, we are on a mission to provide people with a fairer, smarter, and more human alternative to traditional banks. We are building a leading digital bank, driven by fast technology, fair service, and honest values. Our vision is to create a banking industry that serves everyone, which we accomplish by developing best-in-class proprietary technology, offering an exceptional customer experience, and establishing a strong, sustainable business.

Our five core values - Listen, Keep It Simple, Do The Right Thing, Own It, and Aim for Greatness - are at the heart of everything we do, guiding our strategy and shaping our culture. We're a branchless, largely paperless bank, committed to responsible banking, sustainability, and fostering an inclusive environment where everyone can thrive.

We are looking for a talented and passionate Model Validation Senior Analyst 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 modelling techniques (including AI). If you have model validation / model build experience and are eager to be part of the team that plays a vital role in model risk management, we want to hear from you!

As a Senior Analyst - Model Validation, with the support from your manager, you will be responsible for:

• 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.
• Engaging and forming close relationships with the key stakeholders to enable good model risk management practices throughout the model lifecycle.

Requirements

• Ideally 2-3 years of experience in model validation or model development.

• Expert in the use of analytical tools such as Python/R/SQL/SAS and spreadsheets.
• Some knowledge of regulatory and risk management guidelines, such as EBA guidelines, CRR and PRA rules would be a bonus.
• 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.
• Good communication and teamwork abilities.

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 & 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.

By submitting your application, you agree that Starling Bank may collect your personal data for recruiting and related purposes. Our Privacy Notice explains what personal information we may process, where we may process your personal information, its purposes for processing your personal information, and the rights you can exercise over our use of your personal information.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Quality Assurance

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