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. 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.

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.

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.

• 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