N26 is looking for a Senior Model Risk Manager to lead and further develop the model risk and validation function as part of risk controlling at a cutting-edge technology-driven bank. 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. 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. In this role, you will take ownership of model risk management processes, ensuring alignment with the latest regulations and industry best practices. As the leader of the Model Risk Management team, you will provide strategic direction, oversee model validation processes, and guide team members in developing and implementing robust risk frameworks. You will play a pivotal role in assessing, controlling, and reporting N26's model risks while ensuring effective collaboration across various teams and stakeholders. At N26, we are redefining banking through technology and innovation. As Senior Model Risk Manager, you will have the opportunity to shape the future of model risk management in a fast-paced, forward-thinking environment. Lead and develop the Model Risk Management team, providing guidance, mentorship, and expertise in risk model validation and governance. Oversee the development and optimisation of the model risk framework, validation methodologies, and governance structures to embed strong model risk management practices throughout the model lifecycle. Independently perform and oversee model validations for risk (Pillar I & II) and AFC models, ensuring compliance with internal policies and regulatory requirements. Act as the primary point of contact for model risk-related matters, engaging with internal and external stakeholders, including auditors and regulators. Provide strategic insights into model risk exposure, ensuring risks are effectively monitored and managed in line with business objectives. Foster a culture of continuous improvement by identifying opportunities to enhance model performance, governance, and efficiency.
Extensive experience in model risk management, with 7+ years in model validation, development, or risk management, covering areas such as Credit Risk, Market Risk, Liquidity Risk, Financial Crime, Finance & Treasury Strong leadership experience, including managing teams, mentoring junior colleagues, and driving strategic model risk initiatives. MaRisk, IFRS 9, EBA Guidelines, EU AI Act, SR 11-7). Proven experience in model risk governance frameworks, including model inventory management, risk ratings, and model validation methodologies. Strong knowledge of statistical and Machine Learning methods, hypothesis testing, and data quality analysis techniques. Good understanding of model evaluation metrics in various areas, covering both qualitative and quantitative validation aspects. Hands-on experience with Python and SQL for model validation and risk assessment. Track record in leading complex projects, ensuring successful delivery under tight deadlines. Hands-on approach and eagerness to tackle new topics while demonstrating a quick grasp in conceptual project work and strategic thinking Fluent in English, German is a plus. Passion for data and complex problem-solving. Actively help yourself and the team be successful Commitment to continuous learning and professional development.
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. A relocation package with visa support for those who need it.