Credit Risk Manager (Retail Lending)
N26
Seniority
Midweight
Model
In-Office
Sector
Salary
Undisclosed
Contract
Full-Time
About the role
N26 is seeking a Retail Credit Risk Manager to lead the credit risk function at their technology-driven bank. You'll spearhead analytical solutions and credit risk models for unsecured retail lending while taking a key role in assessing, controlling and reporting credit risks.
What you'll do
- Drive evolution of retail credit risk frameworks and take methodological ownership of the end-to-end credit cycle
- Oversee development, calibration, and maintenance of credit risk models (PD, LGD, CCF, Debt-Servicing Ability, Early Warning Systems)
- Monitor portfolio quality and accuracy of loan loss provisioning under IFRS 9
- Design and maintain automated process controls and monitoring frameworks for fully automated credit processes
- Oversee quality, availability, and lineage of credit risk data across internal and external sources
- Ensure regulatory compliance with prudential and consumer/data regulations
- Act as primary contact for internal/external auditors and supervisory inquiries
- Lead and develop a team of credit risk experts in a cross-functional environment
What you'll need
- 5+ years experience in Credit Risk Management within retail segment
- BSc/MSc in quantitative field (Applied Mathematics, Natural Sciences, Quantitative Finance, Statistics, Econometrics, or Engineering)
- European market expertise in retail credit risk management and unsecured lending products
- Experience building end-to-end credit process cycles and portfolio monitoring
- Proven experience in credit risk modeling (PD, LGD, CCF) and Machine Learning techniques
- Strong technical background in Python and SQL with solid data management skills
- Regulatory expertise in EBA Guidelines, MaRisk, GDPR, EU AI Act
- Strong leadership and cross-functional collaboration skills
- Fluent English with excellent communication skills
Nice to have
- PhD or FRM qualification
- German language proficiency
- Experience from both established retail banks and challenger banks
What they offer
- Competitive personal development budget and work from home budget
- Premium N26 subscription plus subscriptions for friends and family
- Discounts on fitness, wellness memberships, language apps and public transportation
- Additional annual leave day for each year of service
- High degree of autonomy and access to cutting-edge technologies