Head of Credit Risk | London, UK

Deutsche Bank; London; Hybrid; GBP 90,000 - 150,000; Full time

Job summary

Deutsche Bank seeks a Head of Credit Risk to oversee its global credit portfolios and manage credit risk appetite. The ideal candidate will have deep knowledge of credit risk management, extensive stakeholder engagement experience, and innovative leadership skills. The position offers a competitive salary, hybrid working options, and a supportive environment for personal development.

Benefits

Hybrid Working

Competitive Salary

30 Days Holiday

Life Assurance

Private Healthcare

Flexible Benefits

Volunteering Leave

Qualifications

• Deep knowledge of credit risk management principles for investment or corporate banking.
• Extensive experience with senior stakeholders, including audit and regulators.
• Disciplined execution mindset with an ability to challenge the status quo.

Responsibilities

• Oversee global credit portfolios and manage credit risk appetite.
• Monitor macroeconomic environment and assess credit portfolio developments.
• Lead a team and collaborate with other risk management teams.

Skills

Credit Risk Management

Stakeholder Engagement

Analytical Skills

Job description

Job Description:

Job Title Head of Credit Risk

Location London/ Frankfurt

Corporate Title Director

The Enterprise Risk Management (ERM) function provides a cross-risk view of the Bank's risk profile across risk types, businesses and geographies. The function also owns risk type overarching responsibility for key risk management capabilities, like risk appetite, risk identification and group wide stress testing, and is the risk controlling function for credit risk.

The Credit Risk Control Function is a recently established team within ERM responsible for setting and cascading credit risk appetite, self-governing portfolio monitoring of overall credit risk profile across the bank and its divisions, CLP reporting, forecasting and monitoring, as well as ownership of selected credit risk models. The team is a key partner to, and works closely with, the credit risk organisation.

This is an exciting opportunity to shape the Credit Risk Portfolio Management team as it grows and transform the team's operating model and processes.

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 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

• Overseeing the Bank's global credit portfolios, including challenging of client-specific / portfolio concentrations and management of credit risk appetite (Group, divisional, BU, product-specific)
• Assessment of qualitative and quantitative credit portfolio developments, including credit quality trends and emerging risks, as well as risk concentrations
• Monitoring the macroeconomic environment including market trends and events to analyse potential impacts on credit portfolios
• Management and enhancement of key risk management processes, such as credit risk ID and credit risk framework
• Leading a team of ~5 people spanning Germany and UK, and instilling a one team mindset
• Working in partnership with other teams in CRO, in particular Credit Risk management and Group Portfolio Management in ERM, implementing solutions that support the Bank's vision, goals, and strategy, whilst understanding the regulatory landscape

Your skills and experience

• Deep knowledge of credit risk management principles and practices, ideally within an investment bank and/or corporate bank
• Extensive experience engaging senior stakeholders including external audit and regulators within a high pressure, time sensitive and rapidly evolving environment
• A strong desire to challenge the status quo, a disciplined execution mindset and an energetic, can-do attitude

How we'll support you

• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• 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. Click here to see what we do.

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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