Head of Diligence, Transaction Management and Non-Financial Risk – Whole Loans Trading - Director

Job Description:

Job Title Head of Diligence, Transaction Management and Non-Financial Risk – Whole Loans Trading

Corporate Title Director

Location New York, NY

Overview

You will be responsible for leading and overseeing the Diligence, Transaction Management and Non-Financial Risk (NFR) team in New York for the Whole Loans Trading business within Deutsche Bank’s Investment Bank – Fixed Income & Currencies (FIC) division.

FIC comprises Trading, Financing and Sales / Coverage units. FIC Americas Trading includes business units such as Global Rates, Global Foreign Exchange, Global Emerging Markets and Credit Trading. Financing includes business units such as Commercial Real Estate (CRE), Asset Backed Securities (ABS) and Private Credit & Infrastructure (PCI).

The Whole Loans Diligence, Transaction Management and NFR team will be responsible for all aspects of diligence, transaction management and non-financial risk for the Whole Loans Trading business.

What We Offer You:

• We offer competitive health and wellness benefits, empowering you to value life in and out of the office

• Retirement Savings Plans, Parental Leave, and other family-friendly programs

• On-site cafeteria, health center, and communal meeting areas

• Active engagement with the local community through Deutsche Bank’s specialized employee groups

Your Key Responsibilities:

• Develop, implement and oversee the Whole Loans Trading Diligence program, including:

  • Counterparty diligence

    • Engaging, onboarding and evaluating third party counterparty diligence firms

    • Working with third party firms to develop testing protocols and scripts for counterparty diligence reviews

    • In coordination with third party diligence firms, perform counterparty diligence reviews to develop independent recommendations to management regarding counterparty suitability and business selection

  • Loan-level diligence

    • Engaging, onboarding and evaluating third party loan-level diligence providers

    • Evaluating the third-party loan-level diligence provider testing protocols for suitability

    • Overseeing loan-level diligence for all loan purchases including compliance, credit, collateral and valuation

    • Working with the desk to evaluate and manage any loan-level diligence exceptions identified

  • Servicer diligence

    • Engaging, onboarding and evaluating third party servicers

    • Evaluating third-party servicer governance, policies, procedures and controls for suitability (including compliance with applicable laws, rules and regulations)

    • Overseeing servicer diligence prior to engagement and on an ongoing basis

    • Working with the desk and the servicer on an ongoing basis in response to any real-time loan-level issues

  • Vendor engagement, diligence and oversight

    • Rating agencies

    • Counterparty diligence providers

    • Loan-level diligence providers

    • Servicers

    • Custodians

• Partner with the desk on Transaction Management lifecycle processes, including:

  • Pre-bid and post-bid diligence

  • Agreement drafting and negotiations

  • Transaction agreement reviews

  • Settlement management and post-settlement processes

  • Day-to-day servicer oversight, particularly on loss mitigation issues

  • Securitization eligibility analysis

  • Management of collateral curative programs

• Develop, implement and oversee the Whole Loans Trading Non-Financial Risk program, covering loan acquisition, warehouse risk and securitization activity, with responsibility for governance, controls and execution across consumer and securities compliance as well as legal and reputational risk, including but not limited to:

  • Consumer and asset-level (including FRB Regulation Z, Fair Housing Act);

  • Securitization and capital markets (including SEC Rule 10b-5 Antifraud, pool construction governance and Reps & Warrants framework considerations); and

  • Legal, reputational and franchise risk management

• Partner with Chief Operating Officer (COO) and the desk on key governance forums, including the Whole Loans Trading Oversight Forum (WLTOF) and ABS New Issue Approval Committee (NIAC)

• Partner with the desk and COO to develop, manage and improve the Whole Loans Trading technology and infrastructure front-to-back stack on an ongoing basis, including:

  • C