Risk Controlling Manager, Liquidity Risk

About the role

We are seeking a 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. In this role, you will lead the design, implementation, and analysis of models for liquidity risk controlling, covering both regulatory requirements (Pillar I) and 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.

Key facts

What you'll do

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, 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 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 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.

Drive the development of scenario libraries that reflect evolving market conditions and emerging liquidity risks specific to digital banking ecosystems.

Champion the use of data visualization and clear storytelling techniques to communicate complex liquidity risk insights to both technical and non-technical stakeholders.

Collaborate closely with Treasury and Finance teams to align liquidity risk frameworks with business strategy and funding objectives.

Promote a culture of continuous learning within the Risk Controlling function by disseminating best practices and regulatory updates related to liquidity risk management.

Contribute to the enhancement of N26's regulatory capital and liquidity risk reporting lines, ensuring transparency and accuracy for decision-making purposes.

Requirements

Possess a quantitative academic background (Master's in statistics, mathematics, economics, or a similar quantitative field). Professional certifications like CFA or FRM are a plus.

Bring a minimum of 5 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.

Demonstrate a 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 such as survival horizon, maturity transformation.

Show proven ability in designing, calibrating, and validating quantitative methodologies for liquidity risk, including stress scenarios, behavioural assumptions, and model parametrisation.

Exhibit thorough knowledge of relevant European and German regulatory requirements, including MaRisk and EBA Guidelines on ILAAP, and experience with supervisory liquidity reporting standards.

Display strong analytical rigour and the capacity to translate complex regulatory and business requirements into robust liquidity risk methodologies.

Have experience leading cross-functional projects and influencing stakeholders across technical and business domains to achieve high standards of liquidity risk governance.

Show commitment to maintaining the highest standards of data integrity, model validation, and regulatory compliance in all aspects of liquidity risk controlling.

Practical notes

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