VP, Workout Credit Officer – CRE Distressed Assets

Deutsche Bank AG; New York (NY); Hybrid; USD 170,000 - 223,000; Full time

Benefits offered by this job

Hybrid work model

Health and wellbeing benefits

Retirement savings plans

Parental leave

Job summary

Deutsche Bank AG in New York seeks a Workout Credit Officer – Vice President to lead credit risk management for underperforming or distressed commercial real estate clients.

You will oversee a diversified distressed assets portfolio, design recovery strategies, and coordinate with risk, legal, and deal teams while guiding junior officers.

Qualifications

• Bachelor’s degree in finance, economics, accounting, or related field; advanced degree preferred.
• Moderate experience in credit analysis, underwriting, or related financial industry roles.
• Strong analytical and problem-solving abilities with excellent communication and negotiation skills.
• In-depth knowledge of loan origination and workout processes; CRE experience valued.
• Ability to leverage AI tools to enhance productivity and guide data-driven decisions.

Responsibilities

• Oversee a diversified portfolio of distressed assets, focused on commercial real estate and high-yield structures; monitor borrower financials.
• Design and implement strategies to mitigate risk and maximize recovery, including debt restructuring and insolvency proceedings.
• Support internal and external audits, ensure policy adherence, and maintain documentation.
• Collaborate with risk management, legal, and deal teams to execute workout plans and present findings to senior management.
• Guide junior credit officers on transaction workflows, policy compliance, and regulatory changes.
• Provide regular updates to senior management on portfolio performance and risk exposure.

Skills

Credit analysis

Underwriting

Analytical skills

Communication skills

Negotiation skills

AI tools usage

Education

Bachelor’s degree in finance, economics, accounting, or related field

Advanced degree preferred

Job description

Workout Credit Officer Commercial Real Estate - Vice President

Job ID:R0441798 Full/Part-Time: Full-time

Regular/Temporary: Regular Listed: 2026-09-16

Location: New York

Position Overview

Job Title: Workout Credit Officer Commercial Real Estate - Vice President

Corporate Title: Vice President

Location: New York, NY

Overview

As a Workout Credit Officer – Vice President, you will be a key member of Deutsche Bank’s Lending franchise, focusing on credit risk management for underperforming or distressed clients. You will work in close collaboration with Workout colleagues to analyze transactions from underperforming clients or in distressed situations. You will also manage a diversified portfolio and participate in regulatory audits. The role involves analyzing complex transactions, leading workout strategies, and ensuring compliance with credit policies and regulations

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

• Oversee a diversified portfolio of distressed assets, focused on commercial real estate, high-yield structures and leveraged loans and conduct detailed credit evaluations, monitor borrower financials.
• Design and implement strategies to mitigate risk and maximize recovery, including debt restructuring, insolvency proceedings, and Chapter 11 exit financing
• Support internal and external audits, ensure policy adherence, and maintain accurate documentation
• Work with risk management, legal, and deal teams to execute workout plans and present findings to senior management
• Guide junior credit officers on transaction workflows, policy compliance, and regulatory changes
• Provide regular updates to senior management on portfolio performance and risk exposure
  

How You’ll Lead

• Lead professional transactions, collaborating with the deal team and your colleagues in the Workout team, and other stakeholders
• Provide training and guidance to junior credit officers particularly with respect to transactions workflow as well as policy and regulatory adherence
• You will lead projects to improve the credit process or to adapt the portfolio to regulatory changes

Skills You’ll Need

• Bachelor’s degree in finance, economics, accounting, or a related field; advanced degree preferred
• Moderate experience credit analysis, underwriting, or related financial industry roles
• Strong analytical and problem-solving abilities, excellent communication and negotiation skills, in-depth knowledge of loan origination and workout processes
• Experience in commercial real estate, or similar distressed asset class is highly valued
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

• Strong communication skills and the ability to explain potentially complex and nuanced transaction structures to relevant stakeholders
• Desire to go above and beyond to exceed expectations with work product
• Ability to deliver presentations effectively and commercially in an interactive setting
• Ability to work independently and manage multiple priorities
  

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 $170,000 to $222,500. 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.

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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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.


Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view "Deutsche Bank’s Equal Opportunity Policy Statement" and the following notices: "EEOC Know Your Rights" ; "Employee Rights and Responsibilities under the Family and Medical Leave Act" ; and "Employee Polygraph Protection Act" .