Counterparty Credit Risk Analyst

About the Opportunity

In this role you will

• 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.

What you need to be successful

Background

• 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.

Whats in it for you:

• Accelerate your career growth by joining one of Europes 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.    
• 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.

Who we are