Credit Officer – Asset Backed Securities - Vice President
Deutsche Bank, New York, NY, United States
Job Title
Credit Officer – Asset Backed Securities
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 ABS (Asset Backed Securities) / Asset Finance Business.
What You’ll Do
Support the review and credit approval of securitized warehouse lending facilities secured by various ABS asset classes, including but not limited to residential mortgages, consumer loans, commercial leases and digital infrastructure assets, ensuring exposures are consistent with Bank’s risk appetite
Work with 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 ABS structures
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, involving non-traditional asset classes and related rating agency methodologies
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
It is the Bank’s expectation that employees hired into this role will work in the ____ 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 $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.
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.
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Credit Officer – Asset Backed Securities
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 ABS (Asset Backed Securities) / Asset Finance Business.
What You’ll Do
Support the review and credit approval of securitized warehouse lending facilities secured by various ABS asset classes, including but not limited to residential mortgages, consumer loans, commercial leases and digital infrastructure assets, ensuring exposures are consistent with Bank’s risk appetite
Work with 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 ABS structures
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, involving non-traditional asset classes and related rating agency methodologies
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
It is the Bank’s expectation that employees hired into this role will work in the ____ 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 $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.
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.
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