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Financial Assistance Vulnerability Team Lead

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.

About the role:
We are looking for an experienced Financial Assistance (Collections) Vulnerability Team Lead to join our fantastically talented team of extremely dedicated financial assistance experts whose primary role is to ensure we are delivering the right outcomes for customers.

As a Financial Assistance (Collections) Vulnerability Team Lead, your team will be responsible for ensuring our customers are supported with any additional needs during their period of financial difficulty.

Team Leads are critical to the success of our department. As a team leader, you’ll inspire and motivate your team to give the best service to our customers. Leading from the front, you’ll showcase your experience and finely tuned skills on a daily basis. Not only that, we’ll be looking to you to share solutions that will make our's, and our customers' lives, better. And of course , you'll be a brilliant people manager and a fantastic colleague!

Training: This will be conducted in the office over a minimum of 6 weeks, once this is completed you will move to a hybrid way of working with travel required to our Manchester office. The team will work from the office 10 days a month.

Shifts: Full time rotational shifts between 8am-8pm Monday - Friday and Saturdays 9am-5.30pm & occasional bank holidays.

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. 

Following your application being reviewed, you can expect the below:

Stage 1 - Introductory call with a Talent Acquisition Specialist

Stage 2 - Role related interview with Financial Assistance Operations Managers and/or Head of Department

  • Experience of leading a team of advisors in a collections vulnerability environment.
  • Accountable leader with strong customer outcomes focus.
  • Excellent written and verbal communication skills.
  • Ability to balance workload and schedules with multiple priorities.
  • Experience of working in an FCA regulated business with a comprehensive understanding of CONC 7, Consumer Duty and the Lending Standards Board’s standards for business customers.
  • Great interpersonal skills, with the ability to respond to internal and customer queries efficiently and sympathetically.
  • Organised, with the ability to deliver to deadlines.
  • Ability to prioritise within a dynamic environment.
  • Able to oversee and manage complex cases.
  • 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.

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What You Should Know About Financial Assistance Vulnerability Team Lead, Starling Bank

Hey there! If you're looking for a new challenge, why not consider the exciting opportunity at Starling as a Financial Assistance (Collections) Vulnerability Team Lead? Here at Starling, we believe that banking can be innovative and approachable, just like our team spirit! Your role will be crucial in leading a passionate group dedicated to helping our customers during their financial tough times. You’ll inspire and motivate your team to provide outstanding service and support to those in need. We’re counting on your expertise to deliver right outcomes and to share innovative solutions that genuinely make lives better. Plus, we value teamwork, so you’ll be collaborating closely with other talented professionals to ensure the holistic well-being of our customers. With us, you'll enjoy a hybrid working model, allowing you to balance working from the office and your home. We offer clear paths for growth, exciting benefits, and a work environment that nurtures creativity and inclusion. If you’re ready to step into a role where your leadership will make a real difference, we can't wait for you to join our mission to reshape banking at Starling!

Frequently Asked Questions (FAQs) for Financial Assistance Vulnerability Team Lead Role at Starling Bank
What are the main responsibilities of the Financial Assistance Vulnerability Team Lead at Starling Bank?

As a Financial Assistance Vulnerability Team Lead at Starling Bank, your main responsibilities will involve leading a team of financial assistance experts dedicated to supporting customers facing financial difficulties. You'll oversee the team's daily operations, ensuring they provide top-notch service, while also developing solutions to enhance customer experiences. Your leadership will ensure that the team remains motivated and effective in balancing workloads and maintaining a strong focus on customer outcomes.

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What qualifications are required for the Financial Assistance Vulnerability Team Lead position at Starling Bank?

To qualify for the Financial Assistance Vulnerability Team Lead position at Starling Bank, candidates should have experience leading teams in a collections vulnerability environment. An understanding of FCA regulations, particularly CONC 7 and Consumer Duty, is crucial. Strong communication skills, customer service focus, and the ability to manage complex case scenarios are also essential. Specific qualifications related to financial services and previous leadership experience will greatly benefit applicants.

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How does Starling Bank support its team members in the Financial Assistance Vulnerability Team Lead role?

Starling Bank is committed to supporting its employees in the Financial Assistance Vulnerability Team Lead role by providing comprehensive training for at least six weeks in the office. Post-training, you will enjoy a hybrid working model, enabling you to work from home while still collaborating in person. Additionally, the bank offers generous benefits including 25 days of holiday, health insurance, wellness programs, and an inclusive company culture that values diversity.

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What does the work schedule look like for the Financial Assistance Vulnerability Team Lead at Starling Bank?

The work schedule for the Financial Assistance Vulnerability Team Lead at Starling Bank includes full-time rotational shifts, which vary between 8am and 8pm from Monday to Friday. On Saturdays, work hours are from 9am to 5:30pm, with occasional shifts during bank holidays. This flexibility allows team leaders to balance professional and personal commitments while maintaining a focus on supporting their teams and customers.

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What kind of company culture can the Financial Assistance Vulnerability Team Lead expect at Starling Bank?

At Starling Bank, the company culture is vibrant, inclusive, and centered around teamwork. The environment encourages open communication, collaboration, and innovation. As a Financial Assistance Vulnerability Team Lead, you'll find that your contributions are valued, and your input on customer solutions is welcomed. The bank fosters diversity and inclusion, ensuring that all employees feel comfortable and supported in their roles.

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Common Interview Questions for Financial Assistance Vulnerability Team Lead
How do you motivate your team as a Financial Assistance Vulnerability Team Lead?

Motivating a team begins with understanding individual strengths and challenges. As a Financial Assistance Vulnerability Team Lead, I ensure open communication, recognize achievements, and provide opportunities for professional growth. Establishing team bonding activities can also enhance morale and productivity.

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Can you describe your experience leading a team in a collections vulnerability environment?

In my previous role, I managed a team of advisors specializing in vulnerability collections. I focused on developing their capabilities through training and fostering a supportive environment. By analyzing performance metrics, I was able to implement strategies that ensured compliance while enhancing customer satisfaction.

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How do you handle complex customer cases?

Handling complex cases requires a thorough approach. I start by actively listening to the customer's concerns, assessing their situation, and collaborating with my team to develop personalized solutions. Documentation and follow-up are key in ensuring that we are addressing their needs appropriately.

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What strategies do you use to ensure compliance in a regulated environment?

To ensure compliance, I stay updated on industry regulations and maintain a structured onboarding process for my team to familiarize them with these standards. Regular training sessions and discussing case studies during team meetings help promote an understanding of compliance in day-to-day operations.

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How do you balance competing priorities within your team?

Balancing competing priorities is achieved through effective scheduling and resource allocation. I prioritize tasks based on urgency and impact, ensuring transparency with my team about expectations. Regular check-ins help realign priorities when necessary.

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How would you approach improving customer outcomes?

Improving customer outcomes starts with understanding their needs. I would analyze feedback and performance metrics to identify areas for improvement. Collaborating with my team to brainstorm solutions and implementing changes while measuring results regularly exemplifies this approach.

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Describe a time when you had to make a difficult decision as a team leader.

In a past role, I had to decide on reallocating resources during a surge in customer inquiries. By consulting with my team and weighing the potential impact, we adapted our workflow to ensure that all customers received timely support and avoided overwhelming the team.

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What do you believe is the most important aspect of being a successful team leader?

A successful team leader must embody empathy and open communication. By understanding each team member's strengths and challenges, I can provide tailored support and encourage a culture of trust and collaboration, fostering a positive team environment.

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How do you ensure your team remains compliant with FCA regulations?

Ensuring compliance starts with constant education. I emphasize regular training and discussions on relevant FCA regulations, followed by audits and assessments to reinforce knowledge and identify gaps that need addressing to maintain high standards.

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Why do you want to work at Starling Bank as a Financial Assistance Vulnerability Team Lead?

I want to work at Starling Bank because of its innovative approach to banking and commitment to customer care. I am passionate about inclusive financial assistance and believe that my leadership experience aligns perfectly with Starling's mission to reshape banking.

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Our mission is to create a bank that guides and informs you towards better decisions. By giving you real-time insights, Starling enables you to understand your financial life in a whole new way.

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DATE POSTED
November 30, 2024

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