Counterparty Credit Risk Analyst

N26 is looking for a Counterparty Credit Risk Analyst to support the risk management of our evolving Treasury products. You will play a key role in the daily analysis and monitoring of Interest Rate Swaps (IRS) and Securities Financing Transactions (SFT), applying modern technology and rigorous regulatory standards to ensure our treasury investments remain safe and sound.

- Execute Treasury Frameworks: Manage the day-to-day E2E credit cycle for IRS and SFT, including the operational setup of limits, collateral monitoring, and tracking liquidations. - Support Model Maintenance: Assist in the calibration and testing of credit risk models (EAD, LGD, EWS), ensuring they accurately reflect risks for clearing brokers and financial counterparties. - Monitor Portfolio Health: Conduct regular reviews of treasury portfolio performance and perform the necessary calculations for IFRS 9/HGB loan loss provisioning. - Maintain Process Controls: Operate and update automated monitoring frameworks to ensure all Treasury positions remain within the defined risk appetite. - Data Stewardship: Manage the quality and lineage of credit risk data, ensuring accurate data flows between internal systems and external reporting sources. - Support Regulatory Adherence: Prepare documentation and data for MaRisk and EBA compliance, supporting the team during internal audits and supervisory inquiries.

- Professional Experience: 3+ years in Credit Risk Management, specifically focusing on Treasury products like IRS and SFT. Experience in a fast-paced banking environment is a plus. - Quantitative Academic Background: BSc/MSc in Mathematics, Quantitative Finance, Statistics, or Engineering. Progress toward a CFA or FRM is highly valued. - Market Expertise: Strong understanding of the mechanics and risk drivers behind centrally cleared swaps and securities financing. - Skills: - Credit Processes: Practical experience in credit analysis, portfolio monitoring, and utilizing Early Warning Systems (EWS) for financial institutions. - Collateral Management: Familiarity with collateral types, haircut applications, and the operational integration of collateral policies. - Reporting & Provisioning: Competency in internal risk reporting and an understanding of IFRS 9/HGB impairment logic and stage transfers. - Credit Risk Modeling: Ability to interpret and apply PD/EAD/LGD models. While you aren't building them from scratch, you understand the underlying mechanics and outputs. - Technical Stack: Proficiency in SQL or Python is a strong advantage for data extraction and analysis. - Regulatory Knowledge: Working knowledge of CRR and MaRisk frameworks.

- 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. - Access to a Premium subscription on your personal N26 bank account, as well as subscriptions for friends and family members. - Vacation days vary depending on your location of work. 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.

N26 is a digital banking company providing secure and compliant banking services focused on customer identity verification, proactive risk management, and seamless customer support to enable frictionless experiences and sustainable growth. They operate in the Banking Foundations domain with tech teams building microservice architectures in Java and Kotlin using Spring Boot. Current openings include Backend Engineer roles in their Tech - Customer Risk Lifecycle department.