About the opportunity:

Are you ready to fast-track your career? N26 is looking for a Credit Risk Senior Associate / Manager - Treasury to further develop the credit risk function at a cutting-edge technology-driven bank, establishing credit analysis, risk management and control tools, developing credit processes based on state of the art technology, as well as latest regulations in cooperation with leading business and tech experts, and taking a key role in N26s Credit Office.

 

In this role, you will:

• Further develop N26s credit risk functions for our treasury business within the credit risk department in order to accommodate N26s investment goals and risk leadership aspirations
• Support the Treasury Credit Risk team in assessing, monitoring, and reporting on Treasury portfolio exposures, with a focus on structured products, i.e. ABS (RMBS, ABCP), Repo, Reverse Repo, and securitized lending
• Perform credit risk assessments and contribute to risk monitoring processes for structured products, ensuring compliance with internal policies and regulatory requirements
• Contribute to development of the governance and process framework of structured lending in accordant policies and procedures in compliance with relevant laws and regulations (e.g., KWG, MaRisk, EBA Guidelines) and applicable best practices
• Contribute to data process improvement initiatives, identifying opportunities for automation and efficiency gains in risk reporting and data management
• Contribute to credit risk department’s enabler role for N26 by helping to develop cutting-edge credit solutions for our treasury business, operationally preparing credit/investment decisions, and executing credit controls
• Support further development of state-of-the-art credit analysis methods, processes and controls along the entire lifecycle (credit decision, credit monitoring and early warning, intensified and problem loan management) tailored to N26s asset classes and operating model
• Support further development of treasury strategy, governance, methodology and process frameworks in compliance with relevant law and regulation (e.g., KWG, MaRisk, EBA Guidelines) and applicable best practices
• Partner with Group Treasury, Capital Markets, and Corporate Finance, Risk Controlling, Accounting, Regulatory Reporting, and Tech departments to implement credit requirements, help ensuring transparency, and compliance with applicable credit law and regulations, and contribute to establishing a risk culture in the organization

 

What you need to be successful:

Background

• Bachelor’s degree in finance, economics or comparable field; additional qualification (e.g., Master’s degree in relevant field, passed CFA exams) is a strong plus
• 3+ years experience in credit risk management, treasury operations, or risk data management, ideally with exposure to sructured products; previous experience in a FinTech is a plus

Skills

• Strong knowledge of ABS (RMBS, ABCP), Repo, Reverse Repo, securitized lending and other structured products, with an understanding of securitization structures and risk metrics
• Experience in credit risk assessment and monitoring for structured finance transactions
• Ability to assess collateral, counterparties, and risk drivers in Treasury credit exposures
• Understanding of credit business across the entire value chain (e.g., credit decisioning, monitoring and early warning) and accordant processes and controls
• Experience in project delivery on introducing new regulatory requirements, complex credit process changes, and/or credit process digitization
• Hands-on knowledge of credit risk regulation (e.g., KWG, MaRisk, EBA Guidelines, Basel), its implementation in credit processes, and interaction with internal/external auditors
• Experience working with risk data governance and data quality management processes is a strong plus
• Strong analytical and quantitative skills, and ability to independently generate insights
• Familiarity with basic SQL commands and a willingness to further develop SQL skills.Python knowledge and proficiency in Bloomberg is a plus
• Fluent English (German is a plus).

Traits

• Both attention to details and strong analytical thinking
• Autonomous attitude and a ‘get things done’ approach
• Rigorous critical thinking and drive to improve the status quo
• Curiosity about new technologies and open-mindness to disrupt existing operating models
• Good communication skills
• Flexibility in a fast-changing environment
• Actively help yourself and the team to be successful
• Positive and collaborative mindset
• Will to continuously learn and act upon direct feedback

 

What’s in it for you:

• Accelerate your career growth by joining one of Europe’s most talked about disruptors 🚀.
• Employee benefits that range from a competitive personal development budget, work from home budget, discounts to fitness & wellness memberships, language apps and public transportation. 
• As an N26 employee you will have access to a Premium subscription on your personal N26 bank account. As well as subscriptions for friends and family members.    
• Additional day of annual leave for each year of service.  
• A high degree of autonomy and access to cutting edge technologies - all while working with a friendly team of peers of diverse nationalities, life experiences and family statuses. 
• A relocation package with visa support for those who need it.

 

Who we are:

N26 has reimagined banking for today’s digital world. Technology and design empower everything we do and it’s how we are building the global banking platform the world loves to use.

We've eliminated physical branches, paperwork, and hidden fees for an elegant digital experience and supreme savings. Giving people the power to live and bank their way is what gets us out of bed in the morning and inspires the work that we do. 

We are headquartered in Berlin with offices in multiple cities across Europe, including Vienna and Barcelona, and a 1,500-strong team of more than 80 nationalities.

Sounds good? Apply now for this position.

 

Equal Opportunities:

We recognize that our strength lies in our people and the varied perspectives they bring to our workforce. We strive to build talented and diverse teams to drive our business success and empower our people to reach their full potential.

We genuinely welcome and encourage applications from people of all backgrounds, cultures, genders, sexual orientations, abilities, neurodiversities, and ages. We're committed to creating an inclusive workspace where everyone feels valued and respected, free from harassment and discrimination. If there's anything you need to make the application process work for you, please let us know by reaching out to [email protected]. 

Visit our website to learn more about Diversity, Equity, & Inclusion at N26.