Senior Credit Risk Officer

Deutsche Bank AG; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid Working

Competitive salary

Non-contributory pension

30 days holiday + bank holidays

Life Assurance

Private Healthcare

Retail Discounts

Bike4Work

Gym benefits

CSR volunteering leave

Job summary

Deutsche Bank is seeking a Credit Officer to manage risk across hedge fund counterparties, conducting due diligence, assessing strategies, and setting risk limits for credit, financing and derivatives. You will participate in risk committees and negotiate key trading agreements.

Role covers a broad set of products, including derivatives and securities financing, with emphasis on robust risk controls and collateral protections.

Qualifications

• Experience in credit risk, counterparty risk, market risk, hedge fund due diligence.
• Strong knowledge of hedge fund structures and investment strategies.
• Experience reviewing ISDA Master Agreements and other trading documentation.
• Strong analytical and quantitative skills with concise written communication.
• Experience leveraging AI tools to improve productivity and risk workflows.

Responsibilities

• Undertake initial credit due diligence for hedge fund relationships with senior fund personnel.
• Perform comprehensive credit assessments of hedge funds and fund managers.
• Determine and approve appropriate credit, financing and derivatives limits.
• Review and approve OTC derivatives, FX, securities financing, repo and prime brokerage transactions.
• Negotiate ISDA Master Agreements, CSAs, GMRA and other trading documents.
• Monitor portfolio risk using internal systems and external data sources.

Skills

Credit risk

Counterparty risk

Market risk

Hedge fund due diligence

Prime brokerage risk

Financial analysis

Communication skills

AI tools usage

Job description

The role entails providing expert credit analysis and comprehensive risk management oversight for hedge fund clients. Key responsibilities include conducting detailed counterparty due diligence, assessing investment strategies and risk management frameworks, determining risk appetite, and establishing appropriate credit, financing, and derivatives limits. The role involves assigning and approving internal credit ratings, reviewing trading and financing transactions, and assessing the adequacy of collateral and legal protections.

The Credit Officer will be responsible for managing a portfolio of hedge fund counterparties across a broad range of investment strategies and products, including derivatives, financing transactions, and securities financing activities.

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

• Undertake initial credit due diligence for new hedge fund relationships, conducting meetings with portfolio managers, chief investment officers, chief risk officers, chief operating officers, chief financial officers, and investor relations personnel to assess investment strategy, risk management frameworks, operational infrastructure, valuation controls, liquidity management practices, and investor composition.
• Perform comprehensive credit assessments of hedge funds and fund management groups, analysing investment performance, portfolio composition, leverage utilisation, liquidity characteristics, valuation methodologies, financing arrangements, and operational risk controls.
• Determine and approve appropriate credit, financing and derivatives limits based on an assessment of counterparty risk, portfolio characteristics, risk appetite, and transaction structure.
• Review and approve a broad range of client transactions, including OTC derivatives, foreign exchange products, securities financing transactions, repo, prime brokerage, and other capital markets activities, ensuring exposures remain within approved risk parameters. You will also exercise delegated credit authority and represent Credit Risk Management in credit committees, transaction approval discussions, and governance forums, providing independent challenge and risk recommendations to senior stakeholders.
• Play a leading role in the review and negotiation of ISDA Master Agreements, Credit Support Annexes, Global Master Repurchase Agreements, Prime Brokerage Agreements, and other trading documentation to ensure appropriate risk mitigation, collateral protection, and close-out rights. In addition, you will prepare annual credit reviews and periodic risk assessments covering performance trends, portfolio exposures, leverage, liquidity, investor concentration, organisational changes, and broader market developments impacting counterparties.
• Continuously monitor portfolio risk using internal risk systems and external data sources, reviewing utilisation, collateral positions, margin disputes, stress testing results, and emerging risk indicators.

Your skills and experience

• Experience in credit risk, counterparty risk, market risk, hedge fund due diligence, prime brokerage risk, or related discipline.
• Strong knowledge of hedge fund structures, operating models, and investment strategies, including long/short equity, multi-strategy, event-driven, relative value, macro, quantitative/systematic and credit-oriented approaches.
• Experience performing fundamental credit analysis and risk assessments of investment funds, asset managers, or other financial institutions. In addition to having an understanding hedge fund leverage methodologies, liquidity management frameworks, portfolio construction techniques, and risk measurement tools.
• Product knowledge covering derivatives, securities financing transactions, repo, prime brokerage, and financing products, together with an understanding of their associated counterparty and market risks. Experience reviewing and negotiating legal documentation, including ISDA Master Agreements, Credit Support Annexes and other trading and financing agreements.
• Strong analytical and quantitative skills, including the interpretation of financial statements, performance reporting, portfolio exposures, and risk metrics. Alongside excellent written communication skills with the ability to prepare concise and persuasive credit assessments and present recommendations to senior stakeholders and credit committees.
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

How we'll support you

• A culture of continuous learning to aid progression
• 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.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on [e-mail] to discuss.

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.