Senior Liquidity Risk Manager (ILAAP)

N26; Madrid (IA); On-site; USD 128,000 - 186,000; Full time

Benefits offered by this job

Work from home budget

Personal development budget

Relocation with visa support

Fitness and wellness discounts

Job summary

N26 is seeking a Senior Manager Risk Controlling to strengthen its ILAAP and liquidity risk management. You will lead modelling, stress testing and regulatory reporting to support a robust liquidity position in a fast-paced digital bank environment.

In this role you will design and calibrate quantitative methodologies, govern data quality, and interact with auditors and regulators to ensure compliance with MaRisk and EBA guidelines. Fluent English is required, German a plus.

Qualifications

• Master’s in statistics, mathematics, economics or similar quantitative field.
• 7-10+ years in risk controlling or consultancy with Liquidity Risk/ILAAP.
• Fluent English; German a plus.
• CFA or FRM certifications are a plus.

Responsibilities

• Lead design, maintenance, and improvement of the ILAAP framework.
• Develop, calibrate and refine quantitative liquidity risk methodologies.
• Calibrate model parameters using historical data, judgement, and stress results.
• Translate bank-specific characteristics into tailored liquidity risk methodologies.
• Design and calibrate strong liquidity stress scenarios.
• Ensure MaRisk, EBA ILAAP compliance and regulatory reporting.

Skills

ILAAP

Liquidity Risk

Regulatory Reporting

Stress Testing

Data Governance

Model Calibration

Scenario Modelling

Regulatory Standards

Stakeholder Management

English Fluent

Education

Master's in Statistics/Math/Economics

Job description

About the opportunity

We are seeking a Senior Manager Risk Controlling to help us further develop and strengthen our Risk Controlling function with a focus on the Internal Liquidity Adequacy Assessment Process (ILAAP) and overall Liquidity Risk Management.

As part of the Risk Controlling team, you will lead the development, implementation, and analysis of models for liquidity risk controlling, covering both strong regulatory requirements (Pillar I) and strong internal methodologies (Pillar II). You will ensure that N26 maintains a robust liquidity position through advanced modelling, stress testing, and expert methodological guidance.

At N26, we are redefining banking through technology and innovation. As a Risk Controlling Manager with a focus on ILAAP and liquidity risk, 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.

In this role, you will:

• Lead the design, maintenance, and continuous improvement of the ILAAP framework, ensuring it accurately reflects the firm s liquidity adequacy and risk appetite.
• Develop, calibrate and continuously refine quantitative liquidity risk methodologies based on historical development data, including deposit stability models, liquidity runoff assumptions, strong internal liquidity maturity ladders, survival period analysis, and intraday liquidity metrics.
• Design and statistically calibrate liquidity risk model parameters using internal historical data, expert judgement and stress-testing results, ensuring that assumptions remain empirically grounded and fit for purpose.
• 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.
• Spearhead the design and calibration of comprehensive strong liquidity stress scenarios, identifying potential vulnerabilities and challenging qualitative assumptions.
• Ensure full compliance with relevant European and German regulatory requirements such as MaRisk and EBA Guidelines on ILAAP, while overseeing regulatory liquidity reporting standards.
• Establish and maintain the architectural design of strong risk limits for liquidity and funding, providing expert advice on limit calibration and remediation strategies.
• Lead initiatives to improve the quality, governance, and lineage of core balance sheet data used in liquidity risk and ILAAP calculations.
• Act as the primary methodological expert 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.

Background:

• Quantitative academic background (Master s in statistics, mathematics, economics, or a similar quantitative field). Professional certifications like CFA or FRM are a plus.
• strong 7-10+ years of practical experience in a risk controlling function or a leading consultancy (Big Four), with deep expertise in Liquidity Risk and ILAAP within a regulated financial institution.

Skills:

• Strong understanding of ILAAP frameworks 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).
• Experience in designing, calibrating, and validating strong quantitative methodologies for liquidity risk, including stress scenarios, behavioural assumptions, and model parametrisation.
• Strong understanding of strong statistical analysis and data-driven modelling techniques (e.g. time-series analysis, scenario modelling, calibration and backtesting).
• Strong understanding of data flows, data quality and governance of key risk inputs.
• Ability to translate regulatory and business requirements into structured analytical methodologies and strong algorithmic solutions.
• Extensive knowledge of strong regulatory requirements (e.g., MaRisk, CRR, ICAAP and ILAAP guidelines, EBA regulatory expectations).
• Strong expertise in strong risk governance frameworks, including risk appetite, policies, internal controls, and decision-making frameworks.
• Ability to work independently, form sound judgments on complex risk topics, and communicate effectively with senior stakeholders and regulators.
• Experience with strong specifying data requirements and collaborating with Data Engineering or Risk Technology teams is a strong plus.
• Fluent English is required; German language skills are a plus.

What’s in it for you:

• 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 and 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 today’s digital world. Technology and design empower a 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.

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. If there s anything you need to make the application process work for you, please let us know by reaching out to a [e-mail].

Visit our a website to learn more about Diversity, Equity, and Inclusion at N26.