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Risikocontroller (w/m/d) - Job Opportunity at TARGOBANK AG

Düsseldorf, Germany
Full-time
Mid-level
Posted: May 27, 2025
Hybrid
EUR 65,000 - 85,000 annually based on mid-level risk management positions in Düsseldorf's banking sector, with potential for performance bonuses and comprehensive benefits package typical of established German financial institutions

Benefits

Comprehensive employer-funded pension plan providing complete retirement security without employee contributions
Flexible hybrid work arrangement allowing up to 50% home office for optimal work-life balance
Secure employment in a financially stable banking institution with long-term career prospects
Streamlined decision-making processes with significant professional autonomy and creative freedom
Collaborative team environment emphasizing mutual support and collegial relationships

Key Responsibilities

Lead the strategic expansion of centralized risk management frameworks across the financial holding group and banking operations, directly impacting organizational resilience
Architect and enhance group-wide and bank-wide risk reporting systems that drive executive decision-making and regulatory compliance
Spearhead the optimization and advancement of critical risk models and procedures within ICAAP, ILAAP, and CSRBB frameworks, ensuring competitive advantage
Execute comprehensive validation of risk management and risk controlling processes, safeguarding institutional stability
Drive implementation of evolving regulatory requirements for risk controlling and management, maintaining market leadership
Strengthen the risk controlling function in accordance with MaRisk regulations, positioning the organization for sustained growth

Requirements

Education

Completed degree in Mathematics, Physics, Economics, or comparable field (e.g., MBA, FRM, CFA)

Experience

Experience in risk controlling/risk management/controlling/finance/auditing

Required Skills

Very good analytical abilities and high affinity for numbers High degree of reliability and resilience Secure handling of MS Office suite, especially Excel and Word Ideally first programming experience (SAS, SPSS) and database experience (Vertica Analytical Database, SQL) Basic knowledge in accounting Very good German and English or French language skills

Certifications

MBA FRM CFA
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Sauge AI Market Intelligence

Industry Trends

The European banking sector is experiencing intensified regulatory scrutiny following Basel III implementation, creating unprecedented demand for risk management professionals who can navigate complex compliance frameworks. Financial institutions are investing heavily in risk infrastructure to meet evolving ECB requirements, particularly in stress testing and capital adequacy assessments. Digital transformation in banking is fundamentally reshaping risk management practices, with institutions adopting advanced analytics, machine learning, and real-time monitoring systems. This technological evolution requires risk professionals who can bridge traditional banking knowledge with modern data science capabilities. Post-pandemic risk management has evolved to encompass operational resilience, cyber security, and climate risk considerations. Banks are expanding their risk frameworks beyond traditional credit and market risks to address ESG factors and emerging threats in an increasingly interconnected global economy.

Role Significance

Typically part of a 8-12 member risk management team within a larger risk division, with potential for leading specific workstreams and collaborating across multiple business units and regulatory functions
Mid-level professional role with significant analytical responsibilities and direct impact on institutional risk posture. The position involves strategic risk framework development and regulatory compliance oversight, indicating substantial organizational trust and decision-making authority within the risk management hierarchy.

Key Projects

Implementation of updated ICAAP and ILAAP frameworks in response to evolving ECB guidance and supervisory expectations Development of comprehensive stress testing scenarios and model validation procedures for regulatory submissions Enhancement of risk reporting automation and data quality initiatives supporting senior management and board oversight

Success Factors

Deep understanding of German and European banking regulations combined with practical implementation experience in MaRisk and CRR/CRD frameworks Advanced analytical skills with ability to translate complex quantitative models into actionable business insights for senior stakeholders Strong project management capabilities to coordinate cross-functional initiatives involving IT, business units, and external consultants Excellent communication skills to present risk findings to diverse audiences including executive management and regulatory authorities

Market Demand

High demand driven by regulatory complexity and digital transformation requirements in German banking sector

Important Skills

Critical Skills

Advanced Excel and analytical skills are fundamental for risk model development, stress testing calculations, and regulatory reporting preparation. These technical capabilities directly impact the quality and accuracy of risk assessments that inform critical business decisions and regulatory submissions. Deep understanding of MaRisk regulations and German banking compliance frameworks is essential for ensuring institutional adherence to supervisory expectations. This knowledge base enables effective risk framework design and successful regulatory examination outcomes. Strong analytical thinking and quantitative problem-solving abilities are crucial for interpreting complex risk data, identifying emerging threats, and developing appropriate risk mitigation strategies that protect institutional capital and reputation.

Beneficial Skills

Programming experience in SAS, SPSS, or SQL databases enhances analytical capabilities and enables more sophisticated risk modeling approaches that provide competitive advantages in risk measurement and management Multi-language proficiency facilitates collaboration within international banking groups and enables access to global best practices in risk management, particularly valuable in today's interconnected financial services environment Understanding of advanced risk methodologies and emerging areas like climate risk, operational resilience, and cyber security positions professionals for leadership roles in next-generation risk management frameworks

Unique Aspects

Opportunity to work across both banking and financial holding company structures, providing comprehensive exposure to diverse risk management challenges and regulatory frameworks
Role involves cutting-edge risk methodology development in ICAAP, ILAAP, and CSRBB areas, positioning the professional at the forefront of European banking risk management evolution
Integration of traditional risk management with modern analytical tools and databases, offering significant skill development in both regulatory compliance and technical capabilities

Career Growth

3-5 years for progression to senior risk management roles, with accelerated advancement possible through specialized expertise in emerging risk areas or regulatory frameworks

Potential Next Roles

Senior Risk Manager positions with expanded portfolio responsibility and team leadership components Risk methodology specialist roles focusing on model development and validation within larger banking organizations Regulatory affairs manager positions leveraging deep compliance expertise in financial services consulting or supervisory bodies

Company Overview

TARGOBANK AG

TARGOBANK AG operates as a significant retail and commercial banking institution in Germany, part of the international Crédit Mutuel Alliance Fédérale group. The bank focuses on customer-centric banking services with a strong emphasis on digital innovation and personalized financial solutions across retail, corporate, and private banking segments.

Established mid-tier player in the German banking market with strong regional presence and growing digital capabilities, competing effectively against both traditional banks and fintech challengers through differentiated service offerings
Düsseldorf headquarters positions the role at the center of German financial services activity, providing exposure to major corporate clients and proximity to regulatory decision-making bodies including BaFin and Bundesbank
Progressive banking environment emphasizing collaboration, innovation, and work-life balance, with strong investment in employee development and modern workplace practices reflecting the company's 'BANK.ECHT.ANDERS' philosophy
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