Senior Analyst - Model Validation

Starling Bank; London; On-site; GBP 45,000 - 75,000; Full time

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 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 modeling 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:

1. Validating different types of models used across Starling, such as IFRS 9, Forecasting, Operational Risk, AI/ML models.
2. 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.
3. Producing committee papers and presenting at committees.
4. Engaging and forming close relationships with the key stakeholders to enable good model risk management practices throughout the model lifecycle.

Minimum Requirements:

1. Graduate level education preferable, ideally in a numerical degree (or an equivalent work experience);
2. Ideally 2-3 years of experience in model validation or model development.
3. Expert in the use of analytical tools such as Python/R/SQL/SAS and spreadsheets.
4. Some knowledge of regulatory and risk management guidelines, such as EBA guidelines, CRR and PRA rules would be a bonus.
5. Ability to articulate findings from analysis in a succinct and clear way that is suitable for the target audience.
6. Organised, flexible and adaptable, with the ability to switch between tasks seamlessly.
7. Strong problem-solving skills and attention to detail.
8. Good communication and teamwork abilities.

Benefits:

1. 25 days holiday (plus take your public holiday allowance whenever works best for you)
2. An extra day’s holiday for your birthday
3. Annual leave is increased with length of service, and you can choose to buy or sell up to five extra days off
4. 16 hours paid volunteering time a year
5. Salary sacrifice, company enhanced pension scheme
6. Life insurance at 4x your salary & group income protection
7. Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
8. Generous family-friendly policies
9. Incentivised refer a friend scheme
10. Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
11. 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.