Counterparty Credit Risk Analyst
8.0/10
N26
$33,750 – $56,250 USD
Remote
mid
15 days ago
analyticsfintechriskSQLPython
AI Summary
The vacancy is well-structured with clear responsibilities and requirements, though some details on compensation and processes could be improved.
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Description
What you'll do
- •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.
Conditions
- •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.
Requirements
- •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.
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