About the Role
As a Vice President on the Asset Backed Securities (ABS) Monitoring team, you will participate in due diligence sessions with current and potential clients, potentially traveling to client sites. You will support the review and Operational Risk Assessment process with deal covenants and work closely with deal teams, Credit officers, external clients, and support functions. This position enhances the Firm’s management of Counterparty risks.
Responsibilities
- Participate in due diligence sessions with potential and current clients, with the possibility of travel
- Support the review and Operational Risk Assessment of warehouse lending facilities secured by various ABS asset classes, including but not limited to residential mortgages, consumer loans, commercial leases, middle market loans, digital infrastructure assets, ensuring exposures are consistent with Bank’s risk appetite and best practices
- Work with deal closing teams and Credit Risk Management to ensure transactions are appropriately structured with adequate operation risk mitigation to address relevant adverse scenarios at the time of closing or amendment
- Facilitate with third party audit firm to perform reviews on finance facilities, and see the audit through from finalizing the scope, ensuring audit is moving along in a timely basis, and following up on any findings
- Stay informed about market trends and conditions that may impact the performance of securitized assets, helping to anticipate and mitigate potential risks
- Participate in broader projects and initiatives, including portfolio monitoring, ad hoc reporting, and audit requests
- Lead and work closely with the third-party audit firm to perform reviews on finance facilities. This includes seeing the audit through from finalizing the scope and ensuring the audit is moving along and following up on any findings
Requirements
- Bachelor’s degree in finance, Accounting, Economics, or related fields
- Operational risk management knowledge including experience with financing structures
- Good analytical skills with attention to detail, ability to explain potentially complex and nuanced transaction structures to the relevant stakeholders
- Ability to evaluate cash flow models used to structure transactions
- Ability to read and understand complex loan agreements
Skills
- Ability to work independently and under time pressure
- Experience with securitization structures, involving non-traditional asset classes and related rating agency methodologies
- Field auditing experience not required but a plus
- Strong analytical skills paired with excellent communication skills, both written and verbal, with the ability to present information in a structured, clear, and concise way
Location
- New York, NY
Work Type
- Hybrid
Experience Level
- Vice President
Education Level
- Bachelor’s degree in finance, Accounting, Economics, or related fields
Salary/Compensations
- $170K to $200K
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
- 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
- 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. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.
