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Job Description:
Job Title Senior Credit Officer - Commercial Real Estate & Structured Credits Corporate Title Director Location New York, NY Overview Deutsche Bank's Wealth Management (WM) 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 (CRO) 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 a complex portfolio comprising of Commercial Real Estate and Structured credit transactions (incl. lending against private equity / art / capital call / unsecured loans etc.) Review and approve transactions originated by the WM business in the US and support the growth of WM's lending book by managing the risk on a portfolio basis and in alignment with Risk Appetite. Portfolio coverage includes large and complex structured loans (including lending against unlisted / unrated / illiquid securities) as well as regular Margin Lending, Commercial Real Estate deals, Aircraft financing etc 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 actively engage in structuring transactions. Provide timely, transparent communication on the decision-making including risk analysis and approval conditions to the key stakeholders Lead discussion with both internal and external auditors to ensure that audits progress smoothly and that any issues raised are resolved promptly Assess frameworks and elevate current rating approach and underwriting standards of WM Commercial Real Estate loans Ensure timely identification of risks within the portfolio, including 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 appetites and are compliant with risk policies and regulations
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 very hands-on experience covering commercial real estate transactions) Deep and broad Commercial Real Estate underwriting or credit analysis skills 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) Strong analytical skills and an independent decision-maker 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, 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, NY is $170,000 to $280,500. 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 remuneration. 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! 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 emailHR.Direct@DB.com. #LI-HYBRID
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 ActandPay Transparency Nondiscrimination Provision.
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Deutsche Bank
parental leave, remote work
Dec 25, 2024