Senior Credit Officer - Vice President

Job Description:Job Title Senior Credit OfficerCorporate Title Vice PresidentLocation New York, NYOverviewThe Hedge Fund Senior Credit Officer will be responsible for managing Deutsche Bank's counterparty credit risk to US hedge fund and private equity clients. He or she will have their own dedicated funds portfolio, spanning a broad range of investment strategies, and will be responsible for approving transactions, as well as reviewing and monitoring the counterparties on an ongoing basis. The ideal professional will have extensive experience covering hedge fund andor private equity fund clients and will be comfortable engaging directly with clients and senior Business. The Credit Officer will be a self starter, able to manage their own workload with minimal guidance, and able to train or develop more junior team members. The role will report into the Global Head of Credit Risk Management (CRM) Funds based in New York and will be part of a larger global funds team.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 Undertake initial credit due diligence for new clients by way of meetings with relevant personnel at the fund manager to fully understand the investment process and strategy, risk management approach and products traded (the credit officer would be expected to run these meetings). The credit officer will then approve appropriate credit limits, margins and documentation terms on the back of their risk assessment of the hedge funds based on information gathered at the meetings and the relevant constitutional documentation provided by the clientReview and approve transaction requests for private equity funds, which typically include Foreign Exchange (FX) hedging and deal contingent trades. The credit officer will engage closely with the sales team to review proposed tradelegal structures and diligence private equity funds as part of the approval processPlay a key role in the legal documentation process to ensure that appropriate credit covenants are included in legal agreements to allow Deutsche Bank to take action to close out portfolios and terminate trades in the event of a default or any credit deterioration (e.g. a sharp deterioration in performance)Ongoing dialogue and due diligence with clients and preparation of annual credit reviews, written reports which outline areas including the background of the fund management company, investment strategy of underlying funds, risk and liquidity management, and performance. This written report will highlight the key risks associated with each counterparty and outline the credit officer's view of the groupfundsManage the risk and exposures within their portfolio on an ongoing basis, using the various credit risk management and product monitoring systems within Deutsche Bank, including internal stress test information, exposure data and performanceportfolio data received on a regular basis from hedge funds. This includes day-to-day transaction approvals, setting initial margin levels for trade requests received from sales teams across the Bank, and analysis of more bespoke structured transactionsKeep up-to-date with market developments affecting the hedge fund sector, e.g. regulatory issues or weaknessstress in particular asset classesHow You'll Lead The Credit Officer will need to be comfortable engaging directly with top tier clients and senior Business, and take ownership of credit decisioningThe candidate will also be expected to be a seasoned Subject Matter Expert (SME) who is able to offer guidance and expertise with more junior team membersSkills You'll Need Degree level education or equivalent, with Extensive industry experience in managing hedge fund credit riskKnowledge of alternative funds sector which should include an understanding of a broad range of investment strategies and their associated risks. Ideal candidate will also have prior experience in managing private equity credit riskProduct knowledge should cover all major derivative instruments and Prime Brokerage productsservices with a full understanding their respective risk characteristicsUnderstanding of master trading documentation, particularly International Swaps and Derivatives Association (ISDA), Global Master Repo Agreements (GMRA), Futures and Options (F&O) and Prime Brokerage. This should include sound understanding and knowledge of the principal risk mitigating clauses employed across the industryDeep knowledge of financial markets and hedge fund industry, with strong familiarity of key market participants and proven track record of managing a funds portfolio through period of market volatilitySkills That Will Help You ExcelA confident decision maker able to competently explain the reasoning, which supports credit decisionsA strong team player, capable of working alongside colleagues in an effort to achieve team goalsA self starter, able to manage their own workload with minimal guidance from senior members of the teamArticulate and at ease when interacting with internal and external clientsAbility to calculate and quantify transaction risk is also desirable but not essentialExpectationsIt is the Bank's expectation that employees hired into this role will work in the Santa Ana, California 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, pregnancy, andor religion.The salary range for this position in New York City is $125,000 to 203,000. 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-HYBRIDWe 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: 2025-01-13