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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 3,000 people across our London, Southampton, Cardiff and Manchester offices.
We’re looking to recruit a Head of Treasury Risk within the 2nd line risk function reporting to the Director of Financial Risk. The role covers the oversight and challenge of Market Risk, predominantly Interest Rate Risk in the Banking Book (IRRBB) but also FX and credit spread risk. The role will also provide broader oversight of the Bank’s hedging activities and Treasury operations. It will work closely with the Head of Liquidity Risk, Wholesale Credit Risk and Treasury Compliance colleagues to take a holistic view of the risks across the Bank’s Treasury function.
This will be a hands-on role with senior exposure. It presents a fantastic opportunity to join a vibrant institution and to shape the Bank’s approach to managing risks from Treasury activities.
Your responsibilities will include but not be limited to:
1. Establishing strong relationships with the Treasurer, and providing effective oversight and challenge of:
* Market risk (IRRBB, FX and credit spread risk)
* Stress testing of market risk exposures
* Key assumptions used in models, including behavioral assumptions
* Management information and proposals for ALCO
* The control framework around market risk
* The bank’s hedging strategy, assumptions, controls, and exposures
* Hedge accounting and hedge effectiveness
* Regulatory reporting of these risks
* The IRRBB section of the ICAAP
* Setting market risk appetite and writing market risk policies
* Producing the market risk section of the CRO report
* Carrying out market risk analysis
* Migration of interest rate risk monitoring to an Asset & Liability Management (ALM) system
* Reviewing strategic initiatives and their impact on market risk
* Model validation for key interest rate risk models
* Assurance reviews on risk controls, reporting quality, and policy implementation
* Ad hoc analysis on key market risks and behavioral assumptions
* Horizon scanning for regulatory changes
* Overseeing operational and compliance risks stemming from treasury
* Collaborating with other risk functions for a holistic risk view
Requirements
* Extensive experience in Treasury risk management within a bank, consultancy, or regulatory environment
* Experience working in a 2LoD risk function, front or middle office treasury, or providing ALM advice in a regulatory setting
* Understanding of regulatory requirements for treasury risk, compliance, and reporting
* Experience with structural hedging and hedge accounting
* Experience implementing or using an ALM system
* Flexible, adaptable, and capable of managing multiple priorities
* Proactive, with a desire for continuous improvement and initiative-driven
* Strong stakeholder management and relationship-building skills
* Influential, capable of managing change and reacting quickly
* Excellent interpersonal, decision-making, planning, and prioritization skills
* Hands-on approach in a dynamic environment
* SQL and Python skills are highly desirable
Benefits include holiday entitlement, private medical insurance, pension scheme, and various wellness and family-friendly policies.
About Us
We welcome applications from candidates of diverse backgrounds and experiences. If you're excited about working with us but unsure if you meet every requirement, we encourage you to apply or get in touch for a discussion.
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