Credit Risk Model Development Lead

TN United Kingdom; Cardiff; On-site; GBP 50,000 - 90,000; Full time

Job description

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Client:

Starling Bank

Location:

Cardiff, United Kingdom

Job Category:

Finance

EU work permit required:

Yes

Job Reference:

5fde0020351e

Job Views:

3

Posted:

18.04.2025

Expiry Date:

02.06.2025

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 3,000 people across our London, Southampton, Cardiff and Manchester offices.

We are looking for a talented and passionate Credit Risk Model Development Lead to join our Credit Risk Modelling Team. Our team plays a critical role in developing and maintaining credit risk models across Starling, focussing on both IFRS 9 and operational models. If you have experience in credit risk model development, and are eager to be part of the team that plays a vital role in credit risk management, we want to hear from you!

As a Credit Risk Model Development Lead, you will be responsible for:

• Leading the development and implementation of IFRS 9 and operational credit risk models. This is a hands-on role where you will develop some models yourself, as well as overseeing developments from other team members.
• Ensuring that the Bank’s IFRS 9 model suite is fit-for-purpose at all times.
• Understanding business needs and identifying areas where the credit risk modelling team can support through the delivery of robust models.
• Producing detailed model documentation, including methodology, assumptions, and limitations.
• Ensuring that existing models are appropriately monitored and performance understood, and identifying areas for enhancement where appropriate.
• Collaborating with model validation teams to address any findings and ensure models are robust.
• Presenting model developments to Senior leadership and committees, and representing the Credit Risk Modelling team with internal and external stakeholders.

Requirements

• Extensive (minimum 5+ years’) experience in developing IFRS 9 and operational credit risk models.
• Experience in managing a small team and leading on project delivery is preferred.
• Expert in the use of analytical tools such as Python/R/SQL/SAS and spreadsheets.
• Graduate level education preferable, ideally in a numerical degree (or an equivalent work experience).
• Good knowledge of regulatory and risk management guidelines relating to credit risk, including IFRS 9.
• Ability to articulate model development methodologies and findings 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.

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
• 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.