Counterparty Credit Risk Analyst

About the role

This role focuses on supporting the risk management of N26's Treasury products, with a primary emphasis on Interest Rate Swaps and Securities Financing Transactions. The analyst will be responsible for the end-to-end credit cycle, including setting up operational limits, monitoring collateral, and tracking liquidations. A key aspect of the work involves applying modern technology and adhering to strict regulatory standards to maintain the safety of treasury investments.

The position requires assisting with the maintenance and calibration of credit risk models, such as EAD, LGD, and EWS, to accurately assess risks from clearing brokers and financial counterparties. Regular reviews of the treasury portfolio performance are also expected, along with performing calculations for IFRS 9/HGB loan loss provisioning. Success in this role means ensuring all Treasury positions remain within defined risk appetites through updated automated monitoring frameworks.

A significant part of the job involves data stewardship, managing the quality and lineage of credit risk data to ensure accurate flows between internal and external reporting systems. The analyst will also support regulatory adherence by preparing documentation and data for MaRisk and EBA compliance, assisting the team during internal audits and supervisory inquiries. This ensures the company meets all necessary regulatory requirements.

The annual salary for this full-time remote position is between $33,750 and $56,250 USD.

Skills that matter here

• SQL: Proficiency in SQL is a strong advantage for extracting and analyzing data related to credit risk and treasury positions.
• Python: Proficiency in Python is a strong advantage for data extraction and analysis in credit risk management.
• Credit Processes: This role requires practical experience in credit analysis, portfolio monitoring, and using Early Warning Systems for financial institutions.
• Collateral Management: Familiarity with various collateral types, haircut applications, and integrating collateral policies operationally is necessary for managing risk.
• Reporting & Provisioning: Competency in internal risk reporting and understanding IFRS 9/HGB impairment logic and stage transfers is essential for financial compliance.
• Credit Risk Modeling: The ability to interpret and apply PD/EAD/LGD models is required, with an understanding of their underlying mechanics and outputs.

Who this role suits

• A candidate with at least three years of experience in credit risk management, specifically with Treasury products like IRS and SFT, will find this role suitable.
• Someone with a quantitative academic background in fields such as Mathematics, Quantitative Finance, Statistics, or Engineering is well-suited.
• An individual who possesses a strong understanding of the mechanics and risk drivers behind centrally cleared swaps and securities financing will thrive.
• This role is for a person who is detail-oriented and capable of managing data quality, ensuring accurate information flow for internal systems and external reporting.

From the employer

• 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.

• 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.

• 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.
• 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.