Credit Officer – Asset Backed Securities / Securitization – Vice President

Deutsche Bank; New York (NY); On-site; USD 125,000 - 203,000; Full time

Job summary

Join a forward-thinking company as a Credit Officer in the Asset-Backed Securities team, where you'll manage credit risk for securitization financing activities. This role involves analyzing transactions, monitoring facility limits, and collaborating with various stakeholders to ensure compliance with risk appetite. You'll be part of a diverse and inclusive environment that promotes innovation and collaboration. With a hybrid working model, you can enjoy flexibility while contributing to impactful projects in the financial sector. If you have a strong background in credit risk management and analytical skills, this is an exciting opportunity to advance your career.

Benefits

Diverse and inclusive environment

Hybrid working model

Generous vacation days

Health and wellbeing benefits

Retirement savings plans

Parental leave

Educational resources

Matching gift programs

Volunteer programs

Qualifications

• Experience in credit process and portfolio management is essential.
• Strong analytical skills with attention to detail are required.

Responsibilities

• Support credit approval of securitized warehouse facilities, primarily CLOs.
• Analyze quality of collateral and market trends affecting securitized assets.

Skills

Credit risk management knowledge

Analytical skills

Cash flow model evaluation

Attention to detail

Education

Bachelor’s degree in Finance

Bachelor’s degree in Accounting

Bachelor’s degree in Economics

Job description

Job Title: Credit Officer – Asset Backed Securities / Securitization – Vice President

Corporate Title: Vice President

Location: New York, NY

Overview:

You’ll be joining the US Credit Risk Management - Asset-Backed Securities (ABS) / 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. Credit officers will manage a portfolio of lending commitments spanning a variety of financing structures across the securitized products sector including ABS, Residential Mortgage-Backed Security and Collateralized Loan Obligations (CLO).

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 securitized warehouse facilities, primarily CLOs, ensuring exposures are consistent with bank’s risk appetite
• Work with First Line of Defense (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 in credit process and/ or credit portfolio management
• 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 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 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.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.