Senior Manager Middle Office (f/m/d)

Solaris is a tech company with a full German banking license. Our Banking-as-a-Service platform enables businesses to offer their own financial products. With our straightforward APIs, our partners can access and integrate a wide range of solutions such as digital banking, payments, cards, identification and lending services. As a market leader we are driven by bringing transformational change to the financial services industry.

We love what we do and we love our team. We are 500+ people from over 70 nationalities - a unique blend of techies, fintech enthusiasts, bankers and entrepreneurs from various industries. Our routines are built around genuinely valuing and exchanging different perspectives as well as actively sharing knowledge as we drive our business as a team. We believe and invest in personal growth.

The Senior Manager Middle Offices is responsible for overseeing, challenging, and independently assessing the risks associated with the firm's banking book run by Treasury, ensuring prudent risk-taking and adherence to internal policies and regulatory requirements. You will be responsible for providing independent risk oversight and challenge across the lifecycle of banking book transactions, including investments, and non-trading derivatives.

Your Role

• Independent Risk Assessment & Challenge:
  • Perform independent review and challenge of First Line of Defence (Front Office/Back Office) activities pre and post trade, including completeness of trade documentation, limit approval process, trade booking, P&L attribution, valuation methodologies (IPVs/Fair Value Adjustments), collateral processes and perform Market Conformity Checks (MCC).
  • Act as an interface in new product processes and significant process changes, ensuring proper risk integration and control definition from the outset.
  • Analyse and monitor key risk metrics (e.g., duration, risk exposure, liquidity profiles) and provide regular reporting to senior management and risk committees.

• Risk Framework Oversight:
  • Develop, maintain, and enhance the risk management framework, policies, and procedures related to the Banking Book and Middle Office function (e.g., valuation, collateral management, trade confirmation) working closely with other first and second line functions.
  • Ensure compliance with internal risk limits, risk appetite statements, and regulatory requirements (e.g., Basel III/IV, IRRBB, Credit Risk Capital requirements)
  • Ensure data integrity and data flow from legal books & records to general ledger and risk ledger.

• Middle Office Control Environment:
  • Assess the adequacy and effectiveness of Middle Office controls regarding data integrity, trade lifecycle management, and control breaks.
  • Drive continuous improvement in risk-related data quality and reporting capabilities.

• Regulatory & Audit Liaison:
  • Act as a key contact for internal and external auditors and regulatory bodies regarding Banking Book risk exposure and the corresponding control environment.

We'd love to see 

Depending on your level of experience, your responsibilities and scope of role will range. We don’t care much about fancy titles, but rather about real personal and professional development, as laid out in our learning framework. Let’s figure together out how you can contribute to our team.

• A university degree, ideally with a focus on economics, business administration, banking or a comparable qualification
• 5-7 years of relevant work experience in financial services, ideally within financial risk management, middle office, product control, or a related control/governance function.
• Strong product knowledge across various financial instruments (e.g., fixed-income securities, non-trading derivatives, loans) and their valuation.
• Proven knowledge of the trade lifecycle, data-flow architectures, and key processes within front-to-back office environments.
• Deep understanding of the Banking Book, including knowledge of interest rate risk (IRRBB), credit risk, and liquidity risk.
• Experience in credit underwriting, credit processes, credit risk management and related regulatory governance structuring.
• Strong proficiency in risk measurement techniques (e.g., VaR, stress testing) and a solid grasp of financial products.
• Prior experience in Middle Office functions (e.g., product control, valuations, trade support) is a significant advantage.
• Familiarity with regulatory reporting requirements for Banking Book exposures.
• Excellent quantitative, analytical, and problem-solving skills, with the ability to communicate complex risk issues clearly and effectively to diverse stakeholders.
• Fluent English language skills. German language fluency is a strong advantage. 

Working Model

• You are either based in Berlin or able to travel to our Berlin office a few days per month (e.g. for stakeholder collaboration, workshops and team projects).

Benefits 

• Home office budget.
• Learning & development budget of €1000 per year and a transparent growth framework to support your career goals.
• Competitive salary and a variable remuneration program.
• Monthly meal allowance.
• Deutschland ticket subsidy.
• 28 vacation days, increasing by 2 days after 2 years and 3 days after 3 years with Solaris.
• Opportunity to work abroad for up to 12 weeks per year.

 

While job ads usually paint an ideal picture of a candidate, studies show that most applicants meet an average of 60% of the criteria. Unfortunately, many promising candidates tend to apply only if they meet all the criteria. So if you think you have what it takes, but don't necessarily meet every single item in the job description, please contact us anyway. We'd love to talk with you and find out if you might be a good fit for us.

At Solaris, we are committed to nurturing an inclusive environment, where all Solarians feel valued, respected and supported. We are dedicated to building a diverse workforce that reflects the diversity of our communities. We are committed to equal employment opportunity regardless of color, ethnicity, religion, sex, origin, disability, marital status, citizenship, or gender identity. We are proud to be an equal opportunity workplace. If you have a disability or special need that requires accommodation, please let us know.

Information on data processing:

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EN: https://www.solarisgroup.com/gdpr_notice_en

To all recruitment agencies: Solaris does not accept unsolicited agency resumes. Please do not forward resumes to our jobs alias, Solaris employees or any other venture in our ecosystem. Solaris is not responsible for any fees related to unsolicited resumes.