Financial Risk Manager, Solaris
Banking-as-a-Service platform
Open for applications
Banking-as-a-Service platform
501-1000 employees
Open for applications
501-1000 employees
Company mission
To create a world where financial services seamlessly sync with life.
Role
Who you are
- University degree with a focus on Business Administration, Economics, Finance, Accounting, Mathematics, or a related field
- 5+ years of experience in financial risk management, finance, controlling, or treasury-related fields
- Knowledge of finance, accounting, risk management, mathematics, or statistics
- Proficiency in statistical software like R, Matlab, Python is helpful
- Knowledge of European and German banking regulations related to risk management
- You are fluent in English to engage with all international team members within the company. You also have good German communication skills, minimum B2 level
- Analytical and detail-oriented
- Integrity and the ability to actively contribute to the company culture
What the job involves
- You will be a member of the Financial Risk Management & Risk Controlling Team (FRM & RC). FRM & RC is a small team entrusted with managing and controlling the overall risk positions at both the bank and group level
- This includes managing counterparty risks, market risk (including interest risk position), and overseeing risk controlling activities related to ICAAP, ILAAP, and others
- Responsible for ICAAP Processes and Risk Controlling Processes (identify, assess, mitigate, monitor, communicate risks)
- Carry out risk inventory and create the overall risk profile of the bank and the group
- Maintain and develop methods related to Financial Risk Management, including Counterparty Risk, Interest Risk, Liquidity Risk, and others
- Calculate risk exposures, monitor limits, and assess the risk-bearing capacity for the bank and at the Group level
- Improve our Risk Management Systems, data systems, and models
- Monitor the risk situation and risk-bearing capacity, reviewing set limits for the bank and the group
- Prepare risk reports and present results to stakeholders
- Realize stress tests for different risk categories, including overall stress test calculations
- Validate used methods and models or review validation reports on different risk categories
- Participate in new product development or implementation of new regulatory requirements related to risk management and risk controlling
Our take
There are many obstacles in place that prevent companies from offering their own financial services. Complex and high-cost processes mean that companies find it difficult to build their own banking systems or even apply for a banking license. This can stunt development as it reduces a company's growth and expansion options.
Solaris offers a Banking-as-a-Service platform that allows companies to seamlessly integrate financial services within their existing operations, removing traditional hurdles that companies would have to face. The company differs from competition through use of an API for optimal integration. They also hold a full German banking license, granting it an efficient position to deal with any red tape and complex processes, taking this strain away from companies.
Through moves such as its strategic partnership with Contis, as well as may other collaborations, Solaris has paved the way for increased operations across Europe to now offer significant market coverage. In the long run, the company aims to be the core banking service across Europe and a foundational platform through which all companies integrate financial services into their ecosystem.
Freddie
Company Specialist
Insights
Company
Funding (last 2 of 8 rounds)
Mar 2024
$104.5m
SERIES F
Jul 2023
$41.8m
SERIES F
Total funding: $570.6m
Company benefits
- Development & health budget
- Remote working allowance
- German & English courses
- Free yoga
- Referral program
- Psychological consultations
- Public transport allowance
- Partial lunch reimbursement
- Additional vacation days
- Glasses for laptop work
- Gym allowance
- Fruits and drinks at the office
Company HQ
Wrangelkiez, Berlin, BE
Articles
Leadership
Roland Folz
(CEO)Previously on the supervisory board for NÜRNBERGER, Godewind Immobilien, and Studio Babelsberg. Currently Deputy Chairman on the supervisory board for Fürst Fugger Privatbank and CORESTATE Capital Holding.
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