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About the Role
As the Director on the Workout and Recovery Team, you will be a key member of Deutsche Bank’s Lending franchise, focusing on risk management for underperforming or distressed clients. The role involves analyzing complex transactions, leading workout strategies, and ensuring compliance with credit policies and regulations. You will lead the restructuring and resolution of complex, stressed and distressed corporate credit exposures, owning case strategy and execution, applying independent judgment, and delivering the best risk-adjusted outcome for the Bank.
Responsibilities
- Own complex distressed cases from diagnosis through resolution; develop and execute restructuring, refinancing, debt-sale, enforcement or insolvency strategies
- Assess business viability, cash flows, liquidity, enterprise and collateral value, debt capacity and capital structures; challenge borrower plans, forecasts and adviser assumptions
- Evaluate covenants, guarantees, security, cash-management and intercreditor arrangements with legal counsel to establish the Bank’s rights, leverage and alternatives
- Lead negotiations with borrowers, sponsors, lenders and advisers; resist unsupported demands and artificial deadlines, balancing constructive compromise with credible contractual alternatives
- Present clear, evidence-based recommendations to senior management and approval forums, distinguishing facts, assumptions and judgment and revising strategy as evidence changes
- Maintain disciplined portfolio monitoring, decision records and governance; escalate deterioration promptly and ensure compliance with applicable credit, legal, regulatory and internal requirements
- Provide senior case direction and respectful, robust challenge to internal and external stakeholders, including senior decisionmakers
- Coach Vice Presidents and junior colleagues in credit analysis, commercial judgment and negotiation; review the underlying case thesis, not just the presentation
- Foster open challenge and timely escalation, demonstrate calm accountability under pressure and improve workout methodology and portfolio governance
Requirements
- Significant experience in corporate or leveraged credit, restructuring, special assets, workout or restructuring advisory, including complex distressed borrowers and capital structures
- Demonstrated execution of restructuring and recovery strategies and negotiation with sophisticated borrowers, sponsors, lenders and legal advisers
- Strong financial modeling, cash-flow forecasting, valuation and recovery analysis; ability to assess contractual rights and restructuring alternatives commercially and from a risk perspective
- Experience presenting complex or contentious recommendations to senior decision makers and credit committees
- Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs
Skills
- Independent judgment
- Commercial instincts
- Ownership of difficult decisions
- Confidence to challenge consensus while remaining open to contrary evidence
- Clear written and verbal communication
- Disciplined prioritization
- Ability to build effective working relationships without compromising the Bank’s interests
Location
- New York, NY
Work Type
- Hybrid
Experience Level
- Director
Salary/Compensations
- $170,000 to $275,500
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 that allow our colleagues to stay financially secure and strike balance between work and home.
About the Company
- Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
- 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.
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.
- EEOC Know Your Rights
- Employee Rights and Responsibilities under the Family and Medical Leave Act
- Employee Polygraph Protection Act