Workout / Recovery Management Director - Director

Deutsche Bank AG; New York (NY); Hybrid; USD 170,000 - 276,000; Full time

Benefits offered by this job

Hybrid working model

Generous vacation

Parental leave

Retirement savings plan

Education resources

Job summary

Deutsche Bank AG in New York seeks a Workout / Recovery Management Director to lead risk management for distressed clients. You will oversee complex cases and direct restructuring, refinancing, and insolvency strategies to achieve favorable outcomes while ensuring compliance with credit policies and regulations.

You will coach teams, present evidence-based recommendations to senior management, and maintain disciplined portfolio governance in a hybrid work environment.

Qualifications

• Significant experience in corporate or leveraged credit, restructuring, workout or restructuring advisory.
• Demonstrated execution of restructuring and recovery strategies and negotiation with sophisticated borrowers, sponsors, lenders and legal advisers.
• Strong financial modeling, cash-flow forecasting, valuation and recovery analysis; ability to assess contractual rights and restructuring alternatives commercially and from a risk perspective.
• Experience presenting complex or contentious recommendations to senior decision makers and credit committees.

Responsibilities

• Own complex distressed cases from diagnosis through resolution; develop and execute restructuring, refinancing, debt-sale, enforcement or insolvency strategies.
• Assess business viability, cash flows, liquidity, enterprise and collateral value, debt capacity and capital structures; challenge borrower plans, forecasts and adviser assumptions.
• Lead negotiations with borrowers, sponsors, lenders and advisers; resist unsupported demands and artificial deadlines, balancing constructive compromise with credible contractual alternatives.
• Present clear, evidence-based recommendations to senior management and approval forums, distinguishing facts, assumptions and judgment and revising strategy as evidence changes.
• Maintain disciplined portfolio monitoring, decision records and governance; escalation deterioration promptly and ensure compliance with applicable credit, legal, regulatory and internal requirements.

Skills

Corporate credit

Restructuring

Financial modeling

Negotiation

Risk management

Job description

Job Title

Workout / Recovery Management Director

Corporate Title

Director

Location

New York, NY

Overview

As the Director on the Workout and Recovery Team, you will be a key member of Deutsche Bank’s Lending franchise, focusing on 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. As a senior member of Workout / Recovery Management, you will lead the restructuring and resolution of complex, stressed and distressed corporate credit exposures; You will own case strategy and execution, apply independent judgment, constructively challenge stakeholders and deliver the best risk-adjusted outcome for the Bank. The role requires commercial discipline, clear recommendations and calm leadership where information is incomplete and stakeholder objectives conflict.

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

• Own complex distressed cases from diagnosis through resolution; develop and execute restructuring, refinancing, debt-sale, enforcement or insolvency strategies
• Assess business viability, cash flows, liquidity, enterprise and collateral value, debt capacity and capital structures; challenge borrower plans, forecasts and adviser assumptions.
• Compare base, upside and downside recovery scenarios, weighing timing, execution risk and additional funding or concessions to distinguish value-preserving support from delayed recognition of deterioration
• Evaluate covenants, guarantees, security, cash-management and intercreditor arrangements with legal counsel to establish the Bank’s rights, leverage and alternatives
• Lead negotiations with borrowers, sponsors, lenders and advisers; resist unsupported demands and artificial deadlines, balancing constructive compromise with credible contractual alternatives
• Present clear, evidence-based recommendations to senior management and approval forums, distinguishing facts, assumptions and judgment and revising strategy as evidence changes
• Maintain disciplined portfolio monitoring, decision records and governance; escalation deterioration promptly and ensure compliance with applicable credit, legal, regulatory and internal requirements

How You’ll Lead

• Provide senior case direction and respectful, robust challenge to internal and external stakeholders, including senior decisionmakers
• Coach Vice Presidents and junior colleagues in credit analysis, commercial judgment and negotiation; review the underlying case thesis, not just the presentation
• Foster open challenge and timely escalation, demonstrate calm accountability under pressure and improve workout methodology and portfolio governance

Skills You’ll Need

• Significant experience in corporate or leveraged credit, restructuring, special assets, workout or restructuring advisory, including complex distressed borrowers and capital structures
• Demonstrated execution of restructuring and recovery strategies and negotiation with sophisticated borrowers, sponsors, lenders and legal advisers
• Strong financial modeling, cash-flow forecasting, valuation and recovery analysis; ability to assess contractual rights and restructuring alternatives commercially and from a risk perspective
• Experience presenting complex or contentious recommendations to senior decision makers and credit committees.

Success means

Success means quickly diagnosing deterioration, establishing realistic business value and recovery, identifying the Bank’s leverage and executing a defensible resolution strategy

Skills That Will Help You Excel

• Independent judgment, commercial instincts and ownership of difficult decisions
• Confidence to challenge consensus while remaining open to contrary evidence
• Clear written and verbal communication, disciplined prioritization and the ability to build effective working relationships without compromising the Bank’s interests

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.

Salary Range

The salary range for this position in New York City is $170,000 to $275,500. 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.

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.

Culture and Values

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.

For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities. Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management (DWS) division. Together we can make a great impact for our clients at home and abroad, securing their lasting success and financial security.