Credit Officer - Asset Backed Securities - Vice President

Job Description:

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
  

• 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
  

• Credit risk management knowledge including experience with ABS structures

• 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