Workout Credit Officer - Vice President

Job Description:Job Title Workout Credit OfficerCorporate Title Vice PresidentLocation New York, NYOverviewA Workout credit officer in credit risk management, you'll play an integral role in contributing to the success of Deutsche Bank's Lending franchise. You will work in close collaboration with Workout colleagues to analyze transactions from underperforming clients or in distressed situations. You will also manage a diversified portfolio and participate in regulatory audits. You will also play a critical role in ensuring adherence to all credit policies, associated governance, internal data quality, and regulatory reporting.What We Offer You A diverse and inclusive environment that embraces change, innovation, and collaborationA hybrid working model, allowing for in-office work from home flexibility, generous vacation, personal and volunteer daysEmployee Resource Groups support an inclusive workplace for everyone and promote community engagementCompetitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefitsEducational resources, matching gift, and volunteer programsWhat You'll Do Analyze transactions and credit requests, mostly in the leverage lending and commercial real estate sectors, including amendments and extensions, exit financing from Chapter 11, debt restructuring and insolvency proceedings, Foreign Exchange (FX) Inherent Riskcommodity derivatives, transaction banking, etc. and provide credit recommendations present to senior management and or underwritersAssist in interactions with and associated on-going reporting requirements for internal external auditors and regulatory authoritiesEnsure credit approval documentation is consistent with lending policies and applicable regulationsPortfolio management (in conjunction with credit and front office colleagues): responsible for ongoing quarterly and annual portfolio monitoring for assigned counterparties as well as limit review including oversight of data integrity in credit systemsManagement of and participation in diverse internal projectsHow You'll Lead Lead individual transactions, collaborating with the deal team and your colleagues in the Workout team, and other stakeholdersProvide training and guidance to junior credit officers particularly with respect to transactions workflow as well as policy and regulatory adherenceYou will lead projects to improve the credit process or to adapt the portfolio to regulatory changesSkills You'll NeedA degree in accounting, finance or economics from accredited college or university (or relevant work experience) and an extensive credit analysis experience (ideally with part in non-investment grade credit lending andor commercial real estate)Solid understanding of leveraged market and regulatory standards with an ability to assess credit structures and documentation and suggest appropriate changesStrong accounting and credit risk analysis skills (leveraged loan and high yield structures a plus, as is experience with commercial real estate structures), financial modelingforecasting, and understanding of derivative structuresGood knowledge of a range of commercial banking products and associated documentation, such as swaps, FX, Cash management, and Trade finance productsSkills That Will Help You ExcelExcellent communication skills, both written and verbal, with the ability to articulate recommendations and build consensusExperience related to workouts distressed credit situations, either in an origination or credit risk management capacityExposure to various industry verticals across the corporate lending space; commercial real estate experience a plusExpectationsIt is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability andor religion.The salary range for this position in New York, NY is $170,000.00 to $220,000.00. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.Deutsche Bank Benefits At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!Learn more about your life at Deutsche Bank through the eyes of our current employees: California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice please email .#LI-HYBRID 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.We are an Equal Opportunity Employer - VeteransDisabled and other protected categories. Click these links to view the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.

Created: 2024-12-28