Job Title Director - Credit Risk Management, Wealth Management Structured for EMEA
Location London
Corporate Title Director
The Chief Risk Office function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank-wide strong risk culture.
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 individuals and entrepreneurs, family offices and foundations, we create lasting value for clients. We specialise 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. All this is possible thanks to our global network, our many years of experience and our close collaboration with the Corporate Bank, Investment Bank and DWS.
What we’ll offer you
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.
You can expect:
* Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them.
* Competitive salary and non-contributory pension.
* 30 days’ holiday plus bank holidays, with the option to purchase additional days.
* Life Assurance and Private Healthcare for you and your family.
* A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits.
* The opportunity to support a wide-ranging CSR programme + 2 days’ volunteering leave per year.
Your key responsibilities
* Review and approve structured transactions booked under the WM business in Europe, Middle East and Africa (EMEA) and support the growth of WM’s lending book by managing the risk on a portfolio of WM counterparties in EMEA. Portfolio coverage will primarily comprise complex structured loans including lending against unlisted / unrated / illiquid securities; holdco / mezz structures with heavy reliance on operating cash flows of the company whose shares have been pledged as well as regular large Margin Lending esp. against illiquid, non-investment grade rated securities as well as Commercial Real Estate Loans. Review will often require fundamental equity / collateral valuation including Discounted Cash Flow (DCF) based review.
* 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. 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.
* 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.
* Role will require some line manager responsibilities. Ensure that the junior members in the team receive appropriate on-the-job training to enable them to be able to independently assess, constructively trial, run with the transactions and prepare well-articulated credit memos (help them develop the skill to write succinctly).
Your skills and experience
* Minimum 15 years relevant work experience in corporate or investment banking credit and structured finance in major International Financial Institutions.
* Understanding of Wealth Management lending products (including Commercial Real Estate).
* In addition to understanding of loan structures and loan documentation, also possess strong knowledge of structured financial products, derivatives and associated risks.
* Proven track record in working with front office to improve deal structures to protect the organisation.
* Strong communication skills (both written and verbal skills) with an ability to write concise reports.
* Have an open mindset and respect opposing 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; someone who aspires to raise the bar.
* Ability to work under pressure and deadlines as well as working with front-office staff in amicable manner.
* Educational qualification (preferable): Bachelor’s or Master’s degree in Engineering, Mathematics, Economics, Statistics, Science, Master of Business Administration (MBA).
* Good programming and or strong excel for example Visual Basic for Applications (VBA) knowledge will be an added advantage especially as the work requires dealing with large data set across various systems and having strong programming / excel (VBA) knowledge can help guide the team come up with tactical solutions.
The role will have direct reporting to the EMEA Head of WM Credit Risk Management (CRM) and can be performed out of Deutsche Bank London, Geneva or Frankfurt office.
How we’ll support you
* Training and development to help you excel in your career.
* Coaching and support from experts in your team.
* A culture of continuous learning to aid progression.
* A range of flexible benefits that you can tailor to suit your needs.
* We value diversity and as an equal opportunities employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards).
About us
Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion. 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.
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