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Senior Model Risk Manager
Department:Risk
Location:Berlin
About the Opportunity
Are you ready to take the next step in your career? 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. 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 theModel 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. AsSenior Model Risk Manager
, you will have the opportunity to shape the future of model risk management in a fast-paced, forward-thinking environment. Join us and be part of a team that values collaboration, innovation, and excellence.In this role you will:
Lead and develop the Model Risk Management team
, providing guidance, mentorship, and expertise in risk model validation and governance.- Oversee the
development and optimization
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.
What you need to be successful:
Background
Quantitative academic background
: Master’s in statistics, mathematics, business/economics, or a similar field with a quantitative focus.Extensive experience
in model risk management, with7+ 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. Deep subject matter expertise
in risk and/or financial crime, with a strong understanding of relevant regulations (e.g., 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.
Skills
Advanced methodological proficiency
: 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.Technical expertise
: Hands-on experience withPython and SQL
for model validation and risk assessment.Excellent communication and stakeholder management skills
, with the ability to engage both technical and non-technical audiences.Track record in leading complex projects
, ensuring successful delivery under tight deadlines.- Entrepreneurial mindset with a
proactive and solution-driven approach
to challenges. Hands-on approach
and eagerness to tackle new topics while demonstrating a quick grasp in conceptual project work and strategic thinkingFluent in English
, German is a plus.
Traits
- Strong ownership mindset with a
bias for action
. - Critical thinking and a
drive to improve the status quo
. - Passion for data and complex problem-solving.
- Ability to balance
conceptual thinking with attention to detail
. - Adaptability in a fast-changing environment.
- Actively help yourself and the team be successful
- Commitment to continuous learning and professional development.
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.