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Model Risk Manager


About the opportunity

Are you ready for your next career step? N26 is looking for a Model Risk Manager to further develop the model risk and validation function as part of the risk controlling at a cutting-edge technology-driven bank. In this role you will establish model risk management tools and challenge the end-to-end model development lifecycle of our models, taking into account latest regulations and market best practices. You will take a key role in assessing, controlling and reporting N26’s model risks.

In this role, you will:

  • Be a key contributor to further developing N26 model risk management in order to accommodate N26’s growth and risk leadership aspirations
  • Develop and optimize our model risk framework, validation concepts and methods and thus support the (further) improvement of our models, embedding strong model risk management practices into the entire model lifecycle.
  • Independently perform validations of N26’s risk (Pillar I+II) and AFC models by applying quantitative and qualitative analyses to challenge our models and align the results with the responsible units. You will be working closely with our colleagues from data science, credit risk, as well as our risk controlling team, providing them with recommendations across the entire model lifecycle.
  • Ensure compliance with regulatory/internal requirements and identify improvement potentials
  • Be the main contact for all model risk and validation related topics for internal departments as well as internal and external auditors

What you need to be successful:


  • Quantitative academic background: Master’s degree in statistics, mathematics, business/economics or similar with a quantitative focus
  • Deep experience with models: 5+ years of professional experience in the validation and/or development of models in any of the following areas: Credit Risk, Market Risk, Liquidity Risk, Financial Crime, Finance & Treasury (strong candidates with 3+ years of experience encouraged to apply as well) with a broad interest across all mentioned areas.
  • Subject matter expertise in risk and/or Financial crime: In addition to your technical experience with models you also bring the business background to the table needed to challenge modeler’s decisions in various areas. Familiarity with relevant regulations (MaRisk, IFRS 9, EBA Guidelines)  is considered a strong plus.
  • Experience in model risk management: Previous experience  with model risk management frameworks, including model inventory, model risk ratings and validations, as well as regulations  relating to model risk management (MaRisk, EU AI act, SS1/23, SR 11-7, GDPR) are a strong plus.


  • Advanced methodological proficiency: Exceptional analytical skills and a strong foundation in statistical and Machine Learning methods, enhanced by advanced programming capabilities. A deep understanding of the entire model lifecycle, including statistical modeling, hypothesis testing, and data (quality) analysis techniques is essential. Good understanding of model evaluation metrics in various areas, covering both qualitative and quantitative validation aspects.
  • Technical expertise: Hands-on experience with Python and SQL
  • Excellent communication skills both on technical and on managerial level
  • Track record in project delivery
  • An entrepreneurial vision, an autonomous attitude, and a ‘get things done’ approach
  • 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


  • Actively help yourself (and others) be successful.
  • Continuously learn and challenge the status quo.
  • Think globally, act locally.
  • Strong bias for action.
  • Give and receive open, direct and timely 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.    
  • 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

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. 

Founded in 2013, N26 now has more than 8 million customers in 24 markets. 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.

N26 is an equal opportunity employer and values diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status or disability status.