Senior Associate of Regulatory Affairs, N26
More information about location
Mobile banking app
Job no longer available
Mobile banking app
1001+ employees
Job no longer available
More information about location
1001+ employees
Company mission
To build a bank the world loves to use, powered by the latest technology..
Role
Who you are
- Minimum 2+ years of experience in compliance or risk functions within regulated financial services firms, fintech companies, or regulatory bodies
- Excellent stakeholder management, communication, project management skills
- Highly Reliable, structured and diligent approach to work
- Strong problem-solving and decision-making skills, with the ability to analyze complex information and drive resolutions
- Deep understanding of the German regulatory environment and key compliance regimes
- Familiarity with banking / financial services, particularly in the context of technology and mobile applications
- Diligence with regard to internal and external communications, including meeting materials and meeting minutes
- Highly competent at managing workflows and priorities, also when managing multiple projects or meetings at the same time
- Fluency in both English and German
What the job involves
- We are looking for a Senior Associate in the Authorities Liaison Office
- This position entails ensuring transparent and compliant communication with external regulators, maintaining an up-to-date understanding of regulatory developments, and coordinating regulatory engagements across N26
- Ensuring Compliance: To guarantee that N26’s corporate governance practices are in full compliance with all regulatory and legal requirements, in particular with regards to proper documentation of key decision-making processes
- Regulatory and Supervisory Communication: Providing the framework and monitoring communication with supervisory authorities in Germany and the core markets of N26
- Regulatory Project Management: Support key strategic initiatives related to the implementation of regulatory requirements, ensuring that N26 is staying ahead of the curve with regards to its compliance obligations
- Serve as the single point of contact for all communications with German regulatory bodies
- Manage German Banking Act (KWG) related registrations and compliance requirements
- Prepare briefing documents for C-Level executives, focusing on regulatory topics
- Support the Management Board, Chief Risk Officer (CRO), and Chief Regulatory Officer (CRegO) in preparing issue papers and briefing documents
- Support special projects within the CRO and CRegO areas that further the relationship with our regulators and strengthen N26’s overall regulatory compliance.
- Coordinate and manage meetings with the relevant regulatory bodies and high-level stakeholders
- Be the owner of all internal procedures and documentation of the Authorities Liaison Office
- Review communications to the supervisory authorities in Germany and our core markets and actively drive the information sharing process within the organisation to ensure all relevant stakeholders are aware of recent developments
Our take
Europe's global digital banking market is growing rapidly, attributed to changing customer preferences, growing adoption of advanced technologies, and increasing digitalisation across the fintech sector. Online banking is becoming one of the most popular payment methods in Europe due to its easy-to-use and advanced features.
N26 is one of several European startups seeking to challenge established banks with app-based checking accounts and little to no fees. Some of its biggest competitors include mobile banks such as Monzo, Starling and Revolut.
In a bid to distance itself from rivals, N26 has launched insurance products accessible from the company’s mobile app and website. The first insurance product is a smartphone insurance plan for German customers. It is also working on private liability insurance, home insurance, life insurance, pet insurance and coverage for bikes, electronics and large purchases.
Freddie
Company Specialist at Welcome to the Jungle
Insights
1% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Oct 2021
$900m
SERIES E
Feb 2021
$36m
SERIES D
Total funding: $1.7bn
Company HQ
Mitte, Berlin, Germany
Leadership
Valentin Stalf
(Co-CEO)Graduated from the University of St. Gallen with a Master's degree in Accounting and Finance. Previously a Member of the University Board at the Vienna University of Economics and Business Administration.
Maximilian Tayenthal
(Co-CEO)Previously an Associate at CMS Reich-Rohrwig Hainz Rechtsanwaelte. Prior to that, they were a Subsidiary Manager & Assistant to CFO at Wiener Städtische Versicherung and a Senior Consultant at Booz & Company.
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