Wholesale Credit Risk Analyst

Dubizzle Limited; Greater London; On-site; GBP 50,000 - GBP 70,000; Full time

Job summary

A progressive financial institution in the UK is looking for a Wholesale Credit Risk Analyst to join its Financial Risk Team. This role involves analyzing wholesale credit risks, conducting due diligence on proposals, and ensuring compliance with regulatory requirements. Ideal candidates will have substantial credit analysis experience, particularly with RMBS and ABS, and will be proficient in Excel and Bloomberg, as well as having a strong quantitative background. This role offers a dynamic work environment with comprehensive benefits.

Benefits

25 days holiday plus public holiday allowance

Extra day off for your birthday

Annual leave increases with service

16 hours paid volunteering time

Salary sacrifice pension scheme

Life insurance at 4x salary

Private Medical Insurance

Family-friendly policies

Perkbox membership

Cycle to Work initiatives

Qualifications

• Extensive experience analyzing wholesale credit risk, especially RMBS and ABS.
• Experience in a second line of defense risk function.
• Ability to juggle multiple priorities effectively.

Responsibilities

• Analyze wholesale credit risk exposures promptly ahead of investments.
• Conduct due diligence and analysis of product proposals.
• Develop and monitor stress testing for the wholesale credit portfolio.

Skills

Analysis of wholesale credit exposures

Hands-on experience in risk functions

Quantitative analysis

Advanced Excel skills

Bloomberg experience

Credit stress testing

Model development

Understanding of regulatory requirements

Interpersonal skills

Decision making

Education

Quantitative degree

Tools

Excel

Bloomberg

Python

SQL

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 3,500 people across our London, Southampton, Cardiff and Manchester offices.

Overview

To support our ongoing growth, we’re looking to recruit a Wholesale Credit Risk Analyst within the 2nd line Financial Risk Team. The role covers the analysis of wholesale credit risk within the business. It will be hands-on with senior exposure. This role represents a fantastic opportunity to join a vibrant, fast growing institution and to shape the Bank’s approach and infrastructure around wholesale credit risk and the Starling Treasury portfolio.

Responsibilities

• Providing robust risk analysis of the Bank’s wholesale credit risk exposures ahead of new investments in a prompt and timely manner;
• Undertaking in depth due diligence and analysis of new product proposals;
• Performing annual reviews of existing wholesale credit lines;
• Undertaking ongoing monitoring of exposures and undertaking regular reviews of current limits to ensure that they remain appropriate;
• Continue to develop accurate and fit for purpose stress testing of the portfolio as appropriate;
• Continue to develop Starling’s wholesale credit risk policy, risk appetite, limits and key risk indicators;
• Continue to develop and improve the in-house credit rating system for Starling;
• Assist team members across the financial risk team on other risk disciplines as required;
• Establish good working relationships and work together closely with the 1LoD Treasury and Finance teams; supporting them to achieve their objectives and providing constructive challenge;
• Attending credit committee meetings and presenting to senior management were necessary;
• Undertaking horizon scanning of new regulatory requirements and making considerations of the impacts; and
• Supporting other areas of Financial Risk when needed across Capital, Liquidity, Market and Climate Risk.

Qualifications

• Extensive, hands-on experience of conducting analyses of wholesale credit exposures - with a particular emphasis on RMBS, covered bonds & consumer/auto ABS. The ability to analyse financial institutions and SSAs as well.
• Strong demonstrable experience working in a 2LOD risk function, 1LOD front or middle office Treasury function with expertise in wholesale credit risk;
• Quantitative mindset and education;
• Advanced Excel skills (formulas, pivot tables, ideally VBA or Power Query);
• Advanced Bloomberg experience (Excel API and downloading and organising of Bloomberg data to assist in analysis and monitoring of performance);
• Experience working with credit stress testing, showing understanding of how losses are modelled and accounted for, for mortgage and consumer credit portfolios.
• Previous experience at a rating agency analysing RMBS & Consumer ABS would be ideal;
• Strong experience of model development, ideally working with languages such as Python and SQL;
• Understanding of regulatory requirements for wholesale credit risk;
• A general understanding of financial markets and bank regulatory capital risks/stress testing with an interest to develop skills in these areas;
• Flexible and adaptable; must be able to juggle multiple competing priorities whilst managing expectations;
• Self-starter; proactive attitude, committed to continuous improvement and willing to drive different initiatives in a changing environment;
• Attention to detail and accuracy;
• Previous experience of optimising and automating wholesale credit risk processes (analysis, performance monitoring etc);
• Strong influencing skills and an ability to manage change and react quickly with a view;
• Excellent interpersonal skills, including the ability to challenge in a positive manner and handle difficult situations;
• Excellent decision making, planning and prioritising skill;

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.

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