Head of Credit Risk Portfolio Management

Deutsche Bank; London; Hybrid; GBP 200,000 +; Full time

Job summary

A leading European bank is seeking a Head of Credit Risk Portfolio Management in London/Frankfurt. This role involves overseeing global credit portfolios, managing credit risk appetite, and leading a team across Germany and the UK. The ideal candidate will have a deep understanding of credit risk management, especially in investment or corporate banking, and be skilled at engaging with senior stakeholders. The bank offers a hybrid working model, competitive salary, and diverse benefits.

Benefits

Hybrid Working model allowing remote work part of the time

Competitive salary and non-contributory pension

30 days’ holiday plus bank holidays

Life Assurance and Private Healthcare

Flexible benefits including Retail Discounts

Support for CSR initiatives

Qualifications

• Experience in investment or corporate banking.
• Ability to manage and lead a team effectively.
• Strong analytical skills to assess credit portfolios.

Responsibilities

• Oversee global credit portfolios and manage concentrations.
• Assess developments in credit portfolios regarding quality trends.
• Monitor macroeconomic trends impacting credit portfolios.
• Lead a team of about 5 members across Germany and the UK.

Skills

Deep understanding of credit risk management

Experience with senior stakeholders

Proactive and disciplined approach

Job description

Job Title: Head of Credit Risk Portfolio Management

Location: London/Frankfurt

Corporate Title: Director

The Enterprise Risk Management (ERM) function provides a comprehensive view of the bank’s risk profile across various risk types, businesses, and geographies. It owns overarching responsibilities for key risk management capabilities such as risk appetite, risk identification, and group-wide stress testing, serving as the risk controlling function for credit risk.

The Credit Risk Control Function is a newly established team within ERM responsible for setting and cascading credit risk appetite, monitoring the overall credit risk profile, CLP reporting, forecasting, and ownership of selected credit risk models. The team collaborates closely with the credit risk organization.

This role offers an exciting opportunity to shape and grow the Credit Risk Portfolio Management team, transforming its operating model and processes.

What we offer:

• Hybrid Working model allowing remote work part of the time
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with options to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• Flexible benefits including Retail Discounts, Bike4Work scheme, and Gym benefits
• Support for CSR initiatives and 2 days’ volunteering leave annually

Key Responsibilities:

• Oversee the bank’s global credit portfolios, including managing client-specific and portfolio concentrations and credit risk appetite
• Assess qualitative and quantitative developments in credit portfolios, including quality trends and emerging risks
• Monitor macroeconomic trends and their impact on credit portfolios
• Manage and improve key risk management processes such as credit risk identification and frameworks
• Lead a team of approximately 5 members across Germany and the UK, fostering a unified team mindset
• Collaborate with other teams within CRO, especially Credit Risk Management and Group Portfolio Management, ensuring solutions align with the bank’s strategy and regulatory requirements

Skills and Experience:

• Deep understanding of credit risk management, preferably within investment or corporate banking
• Experience engaging with senior stakeholders, including regulators and auditors, in high-pressure environments
• Proactive, disciplined, and energetic approach with a desire to challenge the status quo

Support Provided:

• Training and development opportunities
• Flexible working arrangements
• Coaching and expert support
• Tailored flexible benefits
• Commitment to diversity and inclusion, including reasonable adjustments for disabilities

About Us:

Deutsche Bank is a leading German bank with a strong European presence and global network. We are committed to a positive, inclusive, and responsible work environment, supporting diversity and equal opportunities. We look forward to your application.