Private Bank Credit Risk Officer - Vice President
New York, 1 Columbus Circle
Job Description:
Job Title Private Bank Credit Risk Officer
Corporate Title Vice President
Location New York
Overview
Deutsche Bank's Wealth Management business is one of the largest wealth managers worldwide. We offer our clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management.
As a trusted partner of wealthy professionals and entrepreneurs, family offices and foundations, we create lasting value for clients.
We specialize in developing bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits, The Credit Risk Officer is responsible for handling approvals for all private bank related transactions, retained on balance sheet. You will be expected to analyze and recommend approvals/declines, or new loan terms for proposed transactions for Private Bank Clients.
What We Offer You
A diverse and inclusive environment that embraces change, innovation, and collaboration
A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
Educational resources, matching gift and volunteer programs
What You’ll Do
Manage portfolio comprising primarily loans against Commercial Real Estate. The role will require carrying out independent assessment of the transaction that will include assessment of the underlying property i.e., cash flow assessment, review of valuation reports, understanding of valuation drivers, conducting sensitivity analysis, reviewing appropriateness of structure proposed (covenants), size of the facility, assessment of beneficial owner’s net worth etc
Based on the assessment, assign credit rating and prepare a credit memo with recommendation rationale. Based on size of the transaction and level of delegated credit authority, will also be able to provide approval
Robustly monitor the portfolio (including performance of the underlying properties on an ongoing basis) and ensure pockets of risks within the portfolio are timely identified - be well aware of global, regional and local market events and their potential impact on the portfolio. Ensure portfolio quality remains satisfactory, and any risk concentrations and risk limits do not exceed defined risk appetite and are compliant with risk policies and regulations
Maintain a clean shop with good discipline ensuring trades are properly booked / recorded / covenants and conditions timely monitored / credit terms correctly documented / risk reporting systems contain timely and accurate information
Support any ad hoc projects assigned on a regional or global level
How You’ll Lead
Interface directly with front office staff across the WM business division on credit approvals, credit requirements and relationship matters; liaise with clients (where required). Work with the Lending team (1st line of defense) and Relationship Managers to manage risk and try to find an optimal solution especially on challenging asks. Provide timely, transparent communication on the decision-making including risk analysis and approval conditions to the key stakeholders
Work with both internal and external auditors to ensure that audits progress smoothly and that any issues raised are resolved promptly
Provide timely transaction and portfolio level updates to CRO senior management
Skills You’ll Need
Extensive work experience in commercial real estate and / or corporate credit and / or structured finance in major International Financial Institutions (with at least Moderate very hands-on experience covering commercial real estate transactions)
Very strong excel skill - ability to create financial models (if required). Programming knowledge will be an added advantage. Strong writing skills (ability to write succinctly)
Possesses analytical skills and an independent decision-maker mindset with ability to support or defend conclusions
Familiar with derivative products, legal documentation and an understanding of rules and regulations in the United States of America especially with respect to real estate transactions
Skills That Will Help You Excel
Strong self-motivation and a desire to raise the bar; should take pride in the quality of work delivered
Have an open mindset and respects challenging views from different stakeholders
Ability to work under pressure (on certain occasions) and meet tight deadlines (when required) as well as working with front-office staff in an amicable manner
Educational qualification (preferable): Bachelor’s or Master’s degree in Engineering, Mathematics, Economics, Science, Statistics, Finance, MBA
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in New York City is $125,000.00 to $203,000.00. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of renumeration.
Deutsche Bank Values & Diversity
We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision
Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice please email HR.Direct@DB.com.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
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We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.
ApplyJob Profile
Hybrid working model
Benefits/PerksCompetitive compensation packages Diverse and inclusive environment Educational resources Employee Resource Groups Family building benefits Generous vacation Health and Wellbeing Benefits Hybrid work Hybrid working model Parental leave Personal and volunteer days Retirement savings plans Volunteer programs
Tasks- Analyze loan transactions
- Assign credit ratings
- Communicate with stakeholders
- Monitor portfolio performance
- Support audits
Analytical Client Liaison Commercial Real Estate Communication Credit risk management Economics Excel Finance Loan Assessment Market Analysis Mathematics Portfolio Management Regulations Risk Management Risk reporting Sensitivity analysis Statistics Valuation Valuation analysis Writing
Experience5 years
EducationEconomics Engineering Mathematics MBA Statistics
TimezonesAmerica/Anchorage America/Chicago America/Denver America/Los_Angeles America/New_York Pacific/Honolulu UTC-10 UTC-5 UTC-6 UTC-7 UTC-8 UTC-9