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. Since our launch in 2014, we’ve opened over three million accounts and we've been voted Best Current Account Provider five years in a row. We employ more than 2,300 people across our London, Southampton and Cardiff offices and will open our Manchester office in 2023.This role will be responsible for leading and implementing the ICAAP and Recovery Planning framework within the bank. You will join the 1LOD Prudential team and take ownership of the lifecycle of the ICAAP and RRP production from initiation to final submission to the regulator including reviews and approvals.
As part of the first line Prudential team you will be responsible for designing, leading and implementing the ICAAP and Recovery Planning framework within the bank. You will support the Head of Prudential in taking. You will join the 1LOD Prudential team and take ownership of the lifecycle of the ICAAP and RRP production from initiation, through internal assurance and governance, to final submission to the regulator including reviews and approvals.
In this position you will use and expand your experience and professional skills for the following responsibilities:
- End-to-end preparationDocumentation of the Bank’s ICAAP, and Recovery and Resolution Plans, and ensuring a high standard of reports in line with regulatory expectations and industry best practice.
- Pillar 1 and Pillar 2 risk assessment including quantification and, documentation of assumptions and rationale.
- Input into the Stress Scenario design and analysis of stress scenarios, alongside the Strategy and FP&A teams.
- Design and document Recovery Plan Playbooks.
- Conduct Fire Drills as part of the Recovery Plan , alongside other teams including 2LOD.
- Coordinate inputs from all stakeholders such as Finance, Risk, Treasury and other business areas to ensure full compliance with all regulatory requirements.
- Run ICAAP and RRP working groups, produce detailed plans and timetables, work with stakeholders to agree deliverables and deadlines and monitor progress against the plan.
- Prepare management decks for presentation in various committees such as ALCO, ERC and BRC.
- Supporting other business areas including Strategy to understand and evaluate the impact of changes in prudential regulation on their activities and control frameworks.
Requirements:
- 5+ years of work experience in a risk, prudential or finance role within a Financial Institution/Policy Analysis experience with Bank of England or Regulatory Authorities / Prudential Risk experience within Professional Services or Consultancy Firms.
- Strong understanding of UK ICAAP regulations and current developments including PRA and EBA (e.g. SREP, Stress Testing, Pillar 2, ICAAP, Recovery Planning)
- Strong knowledge of at least one Pillar 1 risk is essential. Knowledge of non-Pillar 1 risks (e.g. IRRBB, concentration or operational risk) would be beneficial
- Experience in a retail banking environment, especially within residential or buy-to-let mortgages
- Experience in ICAAP, ILAAP or Recovery Plan is necessary
- Good project management skills.
- Strong communicator – both written and verbal
- Strong communication and interpersonal skills, to influence senior stakeholders across the bank
- Ability to work autonomously in a team with a flat structure and function well in a fast-paced startup environment
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, Mr&Mrs 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.
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.
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