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About the Role
The Chief Risk Office has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks. Deutsche Bank's Wealth Management (WM) business is one of the largest wealth managers worldwide, offering clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management.
Responsibilities
- Manage portfolio primarily comprising Structured credit transactions (incl. lending against private equity / illiquid shares / unsecured loans etc.) and Commercial Real Estate transactions
- Review and approve transactions booked under the WM business in US and support the growth of WM’s lending book by managing the risk on a portfolio of WM counterparties in US.
- 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
- Robustly monitor the portfolio 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 appetites and are compliant with risk policies and regulations
- Work with both internal and external auditors to ensure that audits progress smoothly and that any issues raised are resolved promptly and support any ad hoc projects assigned on a regional or global level
- 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
- Provide strong leadership, guidance, and mentorship to junior and senior team members, fostering their professional growth and expertise in commercial real estate fundamentals
- Set clear objectives and strategic priorities for the team, ensuring alignment with departmental and bank-wide goals
- Drive continuous improvement in team processes, analytics, and reporting capabilities
Requirements
- Extensive relevant work experience in corporate credit and structured finance in major International Financial Institutions.
- Very good with cash flow-based assessment and equity valuation
- Familiar with legal documentation and risk issues including credit mitigating features.
- Strong communication skills (both written and verbal skills) with an ability to write concise reports
- Have an open mindset and respects challenging views from different stakeholders
- Possesses analytical skills and an independent decision-maker with ability to support or defend conclusions
- Team oriented, flexible, diligent, self-motivated and willing to lead and train junior teammates
- Ability to work effectively with wide range of cultures / personal styles and to establish strong partnership with front office staff
- Ability to work under pressure and deadlines as well as working with front-office staff in amicable manner
Skills
- Structured credit transactions
- Commercial Real Estate transactions
- Credit approvals
- Risk management
- Portfolio monitoring
- Cash flow-based assessment
- Equity valuation
- Legal documentation
- Communication skills
- Analytical skills
- Leadership
- Mentorship
Location
- New York, NY
Work Type
- Hybrid
Experience Level
- Director
Education Level
- Bachelor's or Master's degree in Engineering, Mathematics, Economics, Statistics, Finance, MBA
Salary/Compensations
- $170,000 to $308,000
Benefits
- 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
- Access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home.
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.
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.
- EEOC Know Your Rights
- Employee Rights and Responsibilities under the Family and Medical Leave Act
- Employee Polygraph Protection Act