Counterparty Credit Risk Analyst

About the role

N26 is looking for a Counterparty Credit Risk Analyst to support the risk management of our evolving Treasury products. You will play a key role in the daily analysis and monitoring of Interest Rate Swaps (IRS) and Securities Financing Transactions (SFT), applying modern technology and rigorous regulatory standards to ensure our treasury investments remain safe and sound.

What you'll do

• Manage the day-to-day E2E credit cycle for IRS and SFT, including the operational setup of limits, collateral monitoring, and tracking liquidations.
• Assist in the calibration and testing of credit risk models (EAD, LGD, EWS), ensuring they accurately reflect risks for clearing brokers and financial counterparties.
• Conduct regular reviews of treasury portfolio performance and perform the necessary calculations for IFRS 9/HGB loan loss provisioning.
• Operate and update automated monitoring frameworks to ensure all Treasury positions remain within the defined risk appetite.
• Manage the quality and lineage of credit risk data, ensuring accurate data flows between internal systems and external reporting sources.
• Prepare documentation and data for MaRisk and EBA compliance, supporting the team during internal audits and supervisory inquiries.

What you'll need

• 3+ years in Credit Risk Management, specifically focusing on Treasury products like IRS and SFT.
• BSc/MSc in Mathematics, Quantitative Finance, Statistics, or Engineering.
• Strong understanding of the mechanics and risk drivers behind centrally cleared swaps and securities financing.
• Practical experience in credit analysis, portfolio monitoring, and utilizing Early Warning Systems (EWS) for financial institutions.
• Familiarity with collateral types, haircut applications, and the operational integration of collateral policies.
• Competency in internal risk reporting and understanding of IFRS 9/HGB impairment logic and stage transfers.
• Ability to interpret and apply PD/EAD/LGD models.
• Proficiency in SQL or Python for data extraction and analysis.

Nice to have

• Progress toward a CFA or FRM certification.
• Experience in a fast-paced banking environment.
• Working knowledge of CRR and MaRisk frameworks.

What they offer

• Competitive personal development budget, work from home budget, fitness and wellness discounts, language apps, and public transportation support.
• Premium N26 bank account subscription and access for friends and family.
• Vacation days varying by location with an additional day of annual leave for each year of service.
• High degree of autonomy and access to cutting edge technologies.
• Relocation package with visa support.