Credit Officer - Asset Backed Securities / CLO - Vice President

Deutsche Bank; East Farmingdale (NY); Hybrid; USD 125,000 - 203,000; Full time

Job summary

Join a forward-thinking financial institution as a Credit Officer and play a pivotal role in managing credit risk for securitization activities. In this dynamic position, you will oversee credit approvals, analyze collateral quality, and ensure transactions align with the bank's risk appetite. Embrace a hybrid work model that offers flexibility, generous vacation, and a supportive environment focused on innovation and collaboration. This is an exciting opportunity to contribute to a team that values diversity and fosters professional growth while navigating the complexities of the financial landscape.

Benefits

Generous vacation

Personal and volunteer days

Health and wellbeing benefits

Retirement savings plans

Parental leave

Family building benefits

Educational resources

Matching gift programs

Volunteer programs

Qualifications

• Experience with CLO structures financing middle-market loans.
• Ability to explain complex transaction structures to stakeholders.

Responsibilities

• Support credit approval of CLO warehouse facilities.
• Analyze quality of underlying collateral and market trends.
• Prepare detailed credit memos for approval.

Skills

Credit risk management

Analytical skills

Cash flow modeling

Education

Bachelor's degree in Finance

Bachelor's degree in Accounting

Bachelor's degree in Economics

Job description

Job Description:

Job Title Credit Officer - Asset Backed Securities / CLO

Corporate Title Vice President

Location New York, NY

Overview

You'll be joining the US Credit Risk Management - Securitization team. The team is tasked with managing the credit risk associated with Deutsche Bank's securitization financing activities in the US. Credit officers are responsible for analysis and approval of securitization transactions, setting and monitoring facility limits, negotiating credit terms with the responsible business line, ongoing risk monitoring and stress testing of exposures. This position will help oversee and credit risk manage the Lender Finance business which encompasses all securitized lending involving middle market, broadly syndicated and venture loan portfolios to well-known private credit funds.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration

• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days

• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement

• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

• Educational resources, matching gift and volunteer programs

What You'll Do

• Support the review and credit approval of Collateralized Loan Obligation (CLO) warehouse facilities secured by middle market and broadly syndicated corporate loans, ensuring exposures are consistent with bank's risk appetite

• Work with First Line of Defence (1LoD) to ensure transactions are appropriately structured with adequate risk mitigation to address relevant adverse scenarios

• Analyze the quality of underlying collateral, considering factors such as credit rating, strength of counterparty, industry trends and macroeconomic conditions are appropriately accounted for

• Stay informed about market trends and conditions that may impact the performance of securitized assets, helping to anticipate and mitigate potential risks

• Prepare detailed credit memos for approval with the relevant approvers and, where appropriate, present at relevant credit committees

• Participate in broader projects and initiatives, including portfolio monitoring, stress testing and regulatory / audit requests

How You'll Lead

• Build relationships with 1LoD colleagues, challenging assumptions while providing constructive feedback

• Communicate credit views to senior management and help mentor and manage junior staff

• Lead responses and discussions related to audit and regulatory inquiries

Skills You'll Need

• Credit risk management knowledge including experience with CLO structures financing middle-market and / or broadly syndicated loans

• Good analytical skills with attention to detail, ability to explain potentially complex and nuanced transaction structures to the relevant stakeholders

• Ability to evaluate cash flow models used to structure transactions

• Bachelor's degree in Finance, Accounting, Economics, or related fields

Skills That Will Help You Excel

• Ability to work independently and under time pressure

• Experience with securitization structures, rating agency methodologies and corporate credit analysis particularly involving high yield companies

• Strong analytical skills paired with excellent communication skills, both written and verbal, with the ability to present information in a structured, clear, and concise way

Expectations

It 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 and/or religion.

The salary range for this position in New York 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!

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