About the opportunity
Are you ready to fast-track your career and shape the future of the mortgage business and risk management at a leading European digital bank? N26 is seeking a highly experienced and proactive Senior Credit Risk Manager to lead and further develop our mortgage credit risk function.
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.
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.
In this pivotal role, you will be instrumental in establishing cutting-edge credit governance, risk management and control frameworks, driving process innovation, and ensuring regulatory compliance for our growing retail mortgage business. You'll collaborate closely with leading business, finance and tech experts, taking a key role within N26's Credit Risk division.
- Lead and further develop N26's mortgage credit risk team, strategically aligning with N26's ambitious growth aspirations, robust risk management objectives, and stringent regulatory compliance requirements within the retail mortgage business.
- Drive the continuous enhancement of N26's global mortgage governance framework, policies, and procedures, ensuring full alignment with the latest Dutch (e.g., THRK), European (e.g., EBA GL LOM), and German (MaRisk, KWG) regulations.
- Spearhead the further development and seamless implementation of end-to-end mortgage credit processes and criteria. This includes, but is not limited to, loan granting, comprehensive collateral management, sophisticated monitoring, proactive early warning systems, intensified and problem loan management, and accurate loan loss provisioning, being responsible for the underlying methodologies.
- Design, implement, and operate robust control and oversight frameworks and tools for the mortgage processes and portfolio, including second-line controls for business activities and effective management of third-party service providers.
- Maintain and enhance a resilient and accurate mortgage credit risk database, crucial for precise portfolio and single case monitoring, insightful reporting, and meticulous loan loss provisioning.
- Partner with Mortgage Business, Group Treasury, Capital Markets, and Corporate Finance, Risk Controlling, Accounting, Regulatory Reporting, and Tech departments to implement credit requirements, help ensuring transparency, and compliance with applicable credit law and regulations, and contribute to establishing a risk culture in the organization
What you need to be successful
Background
- Bachelor's degree in finance, economics, or a comparable field; an additional qualification (e.g., Master's degree in a relevant field, PhD, passed CFA or FRM exams) is a strong plus.
- 8+ years of extensive experience in credit risk management, with a focus on the mortgage business, including several years of team leadership. Previous experience in a FinTech environment is a plus
Skills
- Profound understanding of key risk indicators across obligor, collateral, and portfolio levels within the mortgage domain.
- Demonstrated ability to assess creditworthiness and manage risk across the entire mortgage value chain (e.g., credit decisioning, monitoring, early warning, intensified and problem loan management).
- Excellent regulatory knowledge of Dutch (e.g., THRK), European (e.g., EBA GL LOM), and German (MaRisk, KWG) regulations, coupled with a successful track record of implementation and effective liaison with supervisory authorities.
- Proven experience in building and managing comprehensive credit risk frameworks and processes, ensuring their effective implementation and continuous improvement.
- Experience in developing and running robust credit process controls, ensuring adherence to internal policies and regulatory requirements.
- Strong analytical and quantitative skills, with the ability to independently generate actionable insights from complex data.
- Deep knowledge of credit risk methodologies for mortgages, including PD/LGD models, debt-servicing ability assessment, and advanced collateral valuation techniques, with a keen understanding of integrating ESG factors.
- Solid programming skills in SQL; Python knowledge is a strong advantage.
Traits
- Proactive Drive: A strong drive to challenge the status quo for the better, identify areas for improvement, and proactively implement solutions that enhance efficiency and effectiveness.
- Bridge Complexity: Exceptional communication skills and the ability to articulate complex credit risk concepts and regulatory requirements clearly and concisely to senior stakeholders.
- Curiosity and Learning Agility: An inherent curiosity about new technologies and an open-mindedness to explore and adopt innovative operating models and risk management approaches. A continuous willingness to learn and act upon direct feedback.
- Strong Ownership: A very strong sense of ownership, taking full accountability for deliverables and demonstrating a 'get things done' approach with an autonomous attitude.
- Rigorous Critical Thinking: The ability to apply rigorous critical thinking to complex problems and drive continuous improvement in methodologies and processes.
- Collaborative Mindset: A positive and collaborative mindset, actively helping yourself and the team to be successful in an open and supportive environment.
- High Senior Management Exposure: Ability to thrive in an environment with very high senior management exposure, presenting insights and recommendations confidently.
- 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.
Equal Opportunities:
We recognize that our strength lies in our people and the varied perspectives they bring to our workforce. We strive to build talented and diverse teams to drive our business success and empower our people to reach their full potential.
We genuinely welcome and encourage applications from people of all backgrounds, cultures, genders, sexual orientations, abilities, neurodiversities, and ages. We're committed to creating an inclusive workspace where everyone feels valued and respected, free from harassment and discrimination.
