Financial Crime Risk & Control Analyst (1LoD)

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.

Our recruitment process:

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. 

Closing date: Monday 31st March, 12pm

Location: Cardiff, Manchester, London or Southampton. We look for colleagues to spend 10 days per month in the office.

About the role:

This role will be one of a small number of analysts reporting into the Financial Crime Risk & Control Manager. Risk & Control Analysts play a key role in assisting the FinCrime Ops leadership team with the management of risks and controls, with the help of control effectiveness testing and reporting.

We are looking for an applicant who has knowledge and experience of non-financial risk management lifecycle and frameworks. Along with experience of control monitoring and testing. 

By establishing a Risks and Controls focused team within FinCrime, we can achieve a real time assessment of our risks and controls to ensure our control environment is accurate, up to date and continually assessed in order to reflect our risk appetite and risk exposure. 

This role will play a key part in carrying out the testing of FinCrime ops controls in order to understand effectiveness. Supporting the Fin Crime Ops Risk manager in developing control testing plans which will complement other control assurance undertaken by 2LoD and Audit. 

Responsibilities Include:

• Undertaking Control Effectiveness testing, in accordance with control testing plan, proactively engaging with control owners to and identify ways to which control effectiveness can be ascertained via testing.
• Producing concise control testing reporting, summarising the overall outcomes of testing, clearly documenting findings, control testing effectiveness outcomes, recommendations and supporting the Risk & Control Manage by working with control owners to agree effective actions.
• Recording Operational events and business issues as raised by the operational teams. You’ll work with the area raising the entry to ensure you can document a clear summary of the root cause, and whether there has been any control failure involved, identifying areas for control improvements and working with ops to agree actions.
• Management of 2LoD & 3LoD reports, ensuring 1LoD management responses are collated and returned in time.
• Ensuring all management actions are correctly linked to appropriate Risks and Controls documented in the GRC system. 
• Forward planning, looking ahead to pre-empt any upcoming dates where extensions may be required and raising this.
• Acting as a key point of contact for FinCrime Ops teams in matters relating to risk management, working with the Risk & Control manager you’ll regularly engage with Ops teams to share risk knowledge to encourage a risk aware culture.
• Collating 1LoD Risk reporting as required.

• The ideal candidate will have hands-on experience of control effectiveness testing as well as practical understanding of non-financial risk management life cycle.
• Experience of working within financial crime detection/ prevention either in first or second line of defence would be highly advantageous but if this isn’t you, don’t worry as on the job learning will be provided, along with the opportunity to study external training qualifications.
• Good communication skills with great attention to detail.
• Competent in Google Suite products such as Docs and Sheets

• 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 & group income protection
• 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
• Incentives refer a friend scheme
• 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, 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. When you provide us with this information, you are doing so at your own consent, with full knowledge that we will process this personal data in accordance with our Privacy Notice. By submitting your application, you agree that Starling Bank will collect your personal data for recruiting and related purposes. Our Privacy Notice explains what personal information we will process, where we will process your personal information, its purposes for processing your personal information, and the rights you can exercise over our use of your personal information.