Deutsche Bank
Financial Institution Credit Officer - Vice President
Deutsche Bank, New York, New York, us, 10261
Financial Institution Credit Officer - Vice President
Job ID:
R0352463
Full/Part-Time:
Full-time
Regular/Temporary:
Regular
Listed:
2024-09-27
Location:
New York
Position OverviewJob Title
Financial Institution Credit Officer
Corporate Title
Vice President
Location
New York, NY
Overview
The Financial Institution (FI) Credit Officer will be responsible for assisting in managing Deutsche Bank’s counterparty credit risk to Americas based FIs. You will have a dedicated portfolio, covering a broad range of FI types, and will be responsible for approving transactions, as well as reviewing and monitoring counterparties on an ongoing basis. FI Credit Risk Management provides credit risk management and oversight across Deutsche Bank’s business activities with North American FIs. In particular, Credit Officers are responsible for handling trade/transaction approvals, setting and monitoring counterparty credit limits, negotiating credit terms in various trading agreements, and interfacing with senior management and business personnel on risk issues.
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
Undertake initial credit due diligence for new clients to fully understand their credit profile and intended business activity. Following this assessment, you will efficiently and promptly approve or recommend appropriate credit limits and documentation terms
Prepare credit reports and supporting materials in accordance with Bank policies and procedures. Interact with Relationship Managers and marketers to secure appropriate documentation to facilitate proposed transactions
Assess the credit quality of the sectors in question. Help apprise management of significant events within the industries which have a major negative impact on credit quality
Play a key role in the legal documentation process to ensure that appropriate credit covenants/ATEs are included in legal agreements allowing Deutsche Bank to take action to close out portfolios and terminate trades in the event of a default or any credit deterioration (e.g., a sharp deterioration in performance)
Participate and contribute to discussions on portfolio strategies, limit setting, credit policy, and other related topics
Review day-to-day transaction approvals received from sales teams across the Bank, and analyze bespoke structured transactions and assist in managing credit/risk associated with lending, counterparty trading, foreign exchange, derivatives, capital market products, and structured finance
How You’ll Lead
Work with junior staff to provide guidance on risk framework and process surrounding due diligence deliverables
Skills You’ll Need
Degree level education or equivalent
Moderate industry experience in managing FI credit risk. The ideal candidate will have prior experience managing credit risk for insurance companies and NBFIs (including Business Development Companies, mortgage originators/servicers, and consumer finance companies). Some experience with Banks, Broker-dealers, GSEs, and Clearinghouses/Exchanges is also a plus
Product knowledge should cover all major derivative instruments, securities financing, as well as more traditional lending products, including financing engagements involving investment banking mandates and letters of credit
Understanding of master trading documentation, particularly International Swaps and Derivatives Association (ISDA) agreements, Global Master Repo Agreements (GMRA), Master Securities Lending Agreement (MSLA). This should include a sound understanding and knowledge of the principal risk mitigating clauses employed across the industry
A confident decision maker who can competently explain the reasoning which supports credit decisions
Skills That Will Help You Excel
Excellent communication skills, both written and spoken
Self-motivated
Self-starter
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 to $203,000. 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.
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.
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Job ID:
R0352463
Full/Part-Time:
Full-time
Regular/Temporary:
Regular
Listed:
2024-09-27
Location:
New York
Position OverviewJob Title
Financial Institution Credit Officer
Corporate Title
Vice President
Location
New York, NY
Overview
The Financial Institution (FI) Credit Officer will be responsible for assisting in managing Deutsche Bank’s counterparty credit risk to Americas based FIs. You will have a dedicated portfolio, covering a broad range of FI types, and will be responsible for approving transactions, as well as reviewing and monitoring counterparties on an ongoing basis. FI Credit Risk Management provides credit risk management and oversight across Deutsche Bank’s business activities with North American FIs. In particular, Credit Officers are responsible for handling trade/transaction approvals, setting and monitoring counterparty credit limits, negotiating credit terms in various trading agreements, and interfacing with senior management and business personnel on risk issues.
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
Undertake initial credit due diligence for new clients to fully understand their credit profile and intended business activity. Following this assessment, you will efficiently and promptly approve or recommend appropriate credit limits and documentation terms
Prepare credit reports and supporting materials in accordance with Bank policies and procedures. Interact with Relationship Managers and marketers to secure appropriate documentation to facilitate proposed transactions
Assess the credit quality of the sectors in question. Help apprise management of significant events within the industries which have a major negative impact on credit quality
Play a key role in the legal documentation process to ensure that appropriate credit covenants/ATEs are included in legal agreements allowing Deutsche Bank to take action to close out portfolios and terminate trades in the event of a default or any credit deterioration (e.g., a sharp deterioration in performance)
Participate and contribute to discussions on portfolio strategies, limit setting, credit policy, and other related topics
Review day-to-day transaction approvals received from sales teams across the Bank, and analyze bespoke structured transactions and assist in managing credit/risk associated with lending, counterparty trading, foreign exchange, derivatives, capital market products, and structured finance
How You’ll Lead
Work with junior staff to provide guidance on risk framework and process surrounding due diligence deliverables
Skills You’ll Need
Degree level education or equivalent
Moderate industry experience in managing FI credit risk. The ideal candidate will have prior experience managing credit risk for insurance companies and NBFIs (including Business Development Companies, mortgage originators/servicers, and consumer finance companies). Some experience with Banks, Broker-dealers, GSEs, and Clearinghouses/Exchanges is also a plus
Product knowledge should cover all major derivative instruments, securities financing, as well as more traditional lending products, including financing engagements involving investment banking mandates and letters of credit
Understanding of master trading documentation, particularly International Swaps and Derivatives Association (ISDA) agreements, Global Master Repo Agreements (GMRA), Master Securities Lending Agreement (MSLA). This should include a sound understanding and knowledge of the principal risk mitigating clauses employed across the industry
A confident decision maker who can competently explain the reasoning which supports credit decisions
Skills That Will Help You Excel
Excellent communication skills, both written and spoken
Self-motivated
Self-starter
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 to $203,000. 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.
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.
#J-18808-Ljbffr