Model Risk Associate
Model Risk Associate
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Job Description
Help shape the future of risk at the cutting edge of financial modelling.
Were looking for a detail-oriented and curious Model Risk Associate to join our Model Risk Validation team. Youll play a key role in assessing the soundness and compliance of models engaging with stakeholders across the business and contributing to a strong model governance framework; all while developing hands-on expertise in a dynamic regulated environment.
In this role you will:
Conduct and manage validations for a diverse range of models including but not limited to credit risk market risk operational risk and anti-financial crime models. This involves ensuring strict adherence to both internal policies and applicable regulatory mandates.
Develop comprehensive and well-structured validation reports that clearly articulate the scope methodology findings conclusions and actionable recommendations for each validation.
Effectively communicate validation outcomes and recommendations to relevant stakeholders including model owners developers and senior management through clear and concise presentations and discussions.
Systematically track identified validation findings and recommendations diligently following up on remediation efforts to ensure timely resolution.
Maintain an up-to-date and in-depth understanding of evolving regulatory requirements and industry best practices pertaining to model risk management and model validation particularly within the German regulatory landscape.
Collaborate proactively with model development teams business units and other risk management functions throughout the entire model lifecycle to foster a robust model risk management framework.
Contribute to the continuous improvement of model validation methodologies standards and documentation ensuring they remain effective and aligned with best practices.
What you need to be successful:
Background
Quantitative academic background: Masters in statistics mathematics business/economics or a similar field with a quantitative focus.
First practical experience in model validation or development is a plus.
Skills
Methodological proficiency: Prior knowledge of statistical and Machine Learning methods hypothesis testing and data quality analysis techniques.
Technical experience: Hands-on experience with Python and SQL
Entrepreneurial mindset with a proactive and solution-driven approach to challenges.
Hands-on approach and eagerness to tackle new topics while demonstrating a quick grasp in conceptual project work and strategic thinking.
Fluent in English German is a plus.
Traits
Strong ownership mindset with a bias for action.
Critical thinking and a drive to improve the status quo.
Passion for data and complex problem-solving.
Ability to balance conceptual thinking with attention to detail.
Adaptability in a fast-changing environment.
Actively help yourself and the team be successful.
Commitment to continuous learning and professional development.
Whats in it for you:
- Accelerate your career growth by joining one of Europes 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.
Who we are
N26 has reimagined banking for todays digital world. Technology and design empower everything we do and its how we are building the global banking platform the world loves to use.
Weve 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 1500-strong team of more than 80 nationalities.
Sounds good Apply now for this position.
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. Were committed to creating an inclusive workspace where everyone feels valued and respected free from harassment and discrimination. If theres anything you need to make the application process work for you please let us know by reaching out to .
Visit our website to learn more about Diversity Equity & Inclusion at N26.
Required Experience:
IC
Employment Type
Full Time
