Risk Controlling Manager, Liquidity Risk (ILAAP)

Sobre el puesto

<h2><strong>About the opportunity</strong></h2> <p>We are seeking a <strong>Manager Risk Controlling</strong> to help us further develop and strengthen our Risk Controlling function with a focus on the <strong>Internal Liquidity Adequacy Assessment Process (ILAAP)</strong> and overall <strong>Liquidity Risk Management</strong>.</p> <p>As part of the <strong>Risk Controlling team</strong>, you will lead the development, implementation, and analysis of models for liquidity risk controlling, covering both <strong>regulatory requirements (Pillar I)</strong> and <strong>internal methodologies (Pillar II)</strong>. You will ensure that N26 maintains a robust liquidity position through advanced modelling, stress testing, and expert methodological guidance.</p> <p>At N26, we are redefining banking through technology and innovation. As a <strong>Risk Controlling Manager with a focus on ILAAP and liquidity risk</strong>, you will have the opportunity to shape the future of risk management in a fast-paced, forward-thinking environment. Join us and be part of a team that values collaboration, innovation, and excellence.</p> <h2><strong>In this role, you will:</strong></h2> <ul> <li><strong>Lead</strong> the design, maintenance, and continuous improvement of the <strong>ILAAP framework</strong>, ensuring it accurately reflects the firm's liquidity adequacy and risk appetite.</li> <li><strong>Develop, calibrate and continuously refine</strong> quantitative liquidity risk methodologies based on historical development data, including deposit stability models, liquidity runoff assumptions,  <strong>internal liquidity maturity ladders</strong>, survival period analysis, and intraday liquidity metrics.</li> <li><strong>Design and statistically calibrate</strong> liquidity risk model parameters using internal historical data, expert judgement and stress-testing results, ensuring that assumptions remain empirically grounded and fit for purpose.</li> <li><strong>Translate the specific characteristics of a digital retail bank into tailored liquidity risk methodologies rather than relying solely on standard regulatory metrics and industry practices.</strong></li> <li><strong>Spearhead</strong> the design and calibration of comprehensive <strong>liquidity stress scenarios</strong>, identifying potential vulnerabilities and challenging qualitative assumptions.</li> <li><strong>Ensure</strong> full compliance with relevant European and German regulatory requirements, such as <strong>MaRisk</strong> and <strong>EBA Guidelines on ILAAP</strong>, while overseeing regulatory liquidity reporting standards.</li> <li><strong>Establish</strong> and maintain the architectural design of <strong>risk limits</strong> for liquidity and funding, providing expert advice on limit calibration and remediation strategies.</li> <li><strong>Lead</strong> initiatives to improve the quality, governance, and lineage of core balance sheet data used in liquidity risk and ILAAP calculations.</li> <li><strong>Act as the primary methodological expert</strong> and project lead for interactions with internal/external auditors and regulators (e.g., EBA, national central banks) regarding the adequacy and robustness of liquidity risk practices.</li> </ul> <h2><strong>What you need to be successful:</strong></h2> <p><strong>Background</strong>: </p> <ul> <li><strong>Quantitative academic background</strong> (Master's in statistics, mathematics, economics, or a similar quantitative field). Professional certifications like CFA or FRM are a plus.</li> <li><strong>5+ years of practical experience</strong> in a risk controlling function or a leading consultancy (Big Four), with deep expertise in <strong>Liquidity Risk and ILAAP</strong> within a regulated financial institution.</li> </ul> <p><strong>Skills</strong>: </p> <ul> <li>Strong understanding of <strong>ILAAP frameworks </strong>and liquidity risk management (Pillar I and Pillar II), including liquidity stress testing, funding risk, deposit behaviour modelling, and key metrics (e.g. survival horizon, maturity transformation).</li> <li>Experience in designing, calibrating, and validating <strong>quantitative methodologies </strong>for liquidity risk, including stress scenarios, behavioural assumptions, and model parametrisation.</li> <li>Strong understanding of <strong>statistical analysis </strong>and data-driven modelling techniques (e.g. time-series analysis, scenario modelling, calibration and backtesting).</li> <li>Strong understanding of data flows, data quality and governance of key risk inputs.</li> <li>Ability to translate regulatory and business requirements into structured analytical methodologies and <strong>algorithmic solutions.</strong></li> <li>Extensive knowledge of <strong>regulatory requirements </strong>(e.g., MaRisk, CRR, ICAAP and ILAAP guidelines, EBA regulatory expectations).</li> <li>Strong expertise in <strong>risk governance frameworks</strong>, including risk appetite, policies, internal controls, and decision-making frameworks.</li> <li><strong>Ability to work independently</strong>, form sound judgments on complex risk topics, and communicate effectively…