Private Bank Credit Risk Officer - Vice President

Job Description:

Job Title Private Bank Credit Risk Officer

Corporate Title Vice President

Location New York

Overview

Deutsche Bank's Wealth Management business is one of the largest wealth managers worldwide. We offer our clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management.

As a trusted partner of wealthy professionals and entrepreneurs, family offices and foundations, we create lasting value for clients.

We specialize in developing bespoke solutions for our clients around the world, for instance wealth planning across successive generations and international borders, asset management with individual risk management, loans and deposits, The Credit Risk Officer is responsible for handling approvals for all private bank related transactions, retained on balance sheet. You will be expected to analyze and recommend approvals/declines, or new loan terms for proposed transactions for Private Bank Clients.

What We Offer You

• 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

What You’ll Do

• Manage portfolio comprising primarily loans against Commercial Real Estate. The role will require carrying out independent assessment of the transaction that will include assessment of the underlying property i.e., cash flow assessment, review of valuation reports, understanding of valuation drivers, conducting sensitivity analysis, reviewing appropriateness of structure proposed (covenants), size of the facility, assessment of beneficial owner’s net worth etc

• Based on the assessment, assign credit rating and prepare a credit memo with recommendation rationale. Based on size of the transaction and level of delegated credit authority, will also be able to provide approval

• Robustly monitor the portfolio (including performance of the underlying properties on an ongoing basis) 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 appetite and are compliant with risk policies and regulations

• 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

• Support any ad hoc projects assigned on a regional or global level

How You’ll Lead

• 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

• Work with both internal and external auditors to ensure that audits progress smoothly and that any issues raised are resolved promptly

• Provide timely transaction and portfolio level updates to CRO senior management

Skills You’ll Need

• Extensive work experience in commercial real estate and / or corporate credit and / or structured finance in major International Financial Institutions (with at least Moderate very hands-on experience covering commercial real estate transactions)

• Very strong excel skill - ability to create financial models (if required). Programming knowledge will be an added advantage. Strong writing skills (ability to write succinctly)

• Possesses analytical skills and an independent decision-maker mindset with ability to support or defend conclusions

• Familiar with derivative products, legal documentation and an understanding of rules and regulations in the United States of America especially with respect to real estate transactions

Skills That Will Help You Excel

• Strong