About the Role
The ABS function manages the portfolio of credit exposures within securitized products, ensuring capital protection and regulatory compliance. This specialized unit operates separately from standard loan processes and reports to the Chief Credit Officer, leading a team of 23 employees globally with a primary focus on the United States. The role is a key member of the Credit Risk Management Leadership Team.
Responsibilities
- Define and implement the bank’s Asset Based Securities strategy in line with risk appetite and regulatory expectations.
- Support internal and external audits, including ECB JST, the Federal Reserve, Internal Audit, and External Audit.
- Lead a team across different countries and regions and provide regular reporting to the Risk Committee and, where applicable, to the Management Board.
- Coordinate with auditors, regulators, and supervisory authorities.
- Maintain clear and regular communication with key stakeholders, including Management Board members, Finance, the Risk Control Unit, Front Office, and Credit Officers.
Requirements
- Dynamic leader with the ability to lead and motivate a diverse workforce of 23 employees.
- Experience driving change programs to improve departmental efficiency through process review and critical challenge of the current setup.
- Several years of experience in a comparable role or as a strong number two.
- Deep knowledge of the ABS market, including its key stakeholders.
- Experience leading multinational and diverse teams.
- Excellent written and verbal communication skills in English.
- Assertive, self-driven individual with a strong team orientation.
- Employees hired into this role are expected to work in the New York office in accordance with the Bank’s hybrid working model.
Skills
- Asset Based Securities strategy
- Risk appetite
- Regulatory expectations
- Audit support
- Team leadership
- Stakeholder communication
- Process review
- Change management
- ABS market knowledge
- Multinational team leadership
- Written and verbal communication
- Assertiveness
- Self-driven
- Team orientation
Location
- New York
Work Type
- Hybrid working model
Experience Level
- Managing Director
- Several years of experience in a comparable role or as a strong number two
Salary/Compensations
- $400,000 to $500,000
Benefits
- A diverse and inclusive environment that embraces change, innovation, and collaboration
- 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
- Access to physical, emotional, and financial wellness benefits
About the Company
- For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities.
- Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division.
- Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security.
- More information at: Deutsche Bank Careers (db.com)
- 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.
Equal Opportunity
- We welcome applications from all people and promote a positive, fair and inclusive work environment.
- Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.
- Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
