Job Description:Job Title Senior Credit Officer
Corporate Title Vice President
Location New York, NY
OverviewYou'll provide expert credit analysis and comprehensive risk management oversight for hedge fund clients. You'll conduct detailed counterparty due diligence, assess investment strategies and risk management frameworks, determine risk appetite, and establish appropriate credit, financing, and derivatives limits and your responsibilities will also include assigning and approving internal credit ratings, reviewing trading and financing transactions, and assessing collateral adequacy and legal protections.
You'll manage your own portfolio of hedge fund counterparties across a broad range of investment strategies and products, including derivatives, financing transactions, and securities financing activities and apply independent judgment and strong analytical skills to constructively challenge stakeholders while supporting responsible business growth.
You'll report to the Head of Funds and join a global team managing Deutsche Bank's credit exposure to hedge fund counterparties. You'll independently assess risk, challenge assumptions, escalate concerns where appropriate, and make informed credit decisions within your delegated authority and you'll exercise credit approval authority, represent Credit Risk Management in internal governance forums and credit committees, and engage directly with senior management, business partners, and hedge fund counterparties.
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- Lead credit due diligence and risk assessment for hedge fund and private equity relationships, engaging directly with senior client personnel to evaluate investment strategies, portfolio construction, leverage, liquidity, risk management, operational infrastructure, and other key sources of counterparty risk
- Own credit decision-making for an assigned portfolio, establishing appropriate risk appetite, credit and financing limits, margin requirements, and transaction parameters, while exercising delegated credit authority and providing independent challenge
- Evaluate and approve complex transactions across derivatives, financing and securities products, including Over-The-Counter (OTC) derivatives, Foreign Exchange, repo, prime brokerage, securities financing and bespoke structured transactions, ensuring risks remain appropriately identified, mitigated, and within approved appetite
- Lead the credit risk aspects in negotiating trading and financing documentation, including International Swaps and Derivatives Association, Inc. (ISDA), Credit Support Annexes, Global Master Repurchase Agreement (GMRA), and other agreements, ensuring appropriate credit protections, collateral terms, covenants and close-out rights
- Maintain senior-level oversight of portfolio risk, utilizing the various credit risk management and product monitoring systems within Deutsche Bank, including annual and periodic credit reviews, exposure and collateral monitoring, stress testing, counterparty performance, liquidity and leverage trends, and emerging risks, taking appropriate action or escalating concerns where necessary
- Partner closely with clients and internal stakeholders across Front Office, Sales, Trading, Financing, Legal, Operations and Collateral Management, while maintaining awareness of market, regulatory and industry developments relevant to counterparty credit risk
How You'll Lead- Act as a senior, independent risk decision-maker, exercising sound judgment and ownership of credit decisions, constructively challenging assumptions, and clearly articulating risk views and recommendations to senior stakeholders
- Represent Credit Risk Management with senior business partners and clients, building effective relationships while providing credible independent challenge and balancing responsible business growth with prudent risk management
- Serve as a subject matter expert and leader within the global Funds team, sharing expertise, providing guidance and support to junior colleagues, and contributing to consistent, high-quality credit decision-making across the team
Skills You'll Need- Degree-level education or equivalent professional experience, with relevant counterparty credit risk experience focused on hedge funds
- Knowledge of hedge funds and their investment strategies, including an understanding of portfolio construction, leverage, liquidity, financing structures, and associated counterparty risks
- Experience conducting credit analysis and risk assessments of hedge funds, including evaluating financial, portfolio, performance, and risk information
- Knowledge of derivatives and financing products, including OTC derivatives, foreign exchange, securities financing, repo, and prime brokerage, and their associated credit and market risk characteristics
- Working knowledge of trading and financing documentation, including ISDA Master Agreements, Credit Support Annexes, GMRAs, Futures & Options and Prime Brokerage documentation, and the principal credit risk mitigants employed within these agreements
- 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- A collaborative, team-oriented approach, with a commitment to working effectively with colleagues, sharing expertise, supporting team objectives, and contributing to a strong global team environment
- Sound judgment and confidence in decision-making, with the ability to clearly articulate the rationale supporting credit and risk decisions
- An independent and constructive mindset, with the confidence to challenge assumptions and provide thoughtful risk perspectives to business partners and senior stakeholders
- A self-directed and accountable approach, with the ability to take ownership, manage competing priorities, and operate effectively with appropriate autonomy
- Strong communication and relationship-building skills, with the ability to engage effectively with internal stakeholders and external clients across functions, products, and regions
ExpectationsIt 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 $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.
Deutsche Bank BenefitsAt 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!
Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice please emailHR.Direct@DB.com.
#LI-HYBRIDWe 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 viewDeutsche Bank's Equal Opportunity Policy Statementand the following notices:EEOC Know Your Rights;Employee Rights and Responsibilities under the Family and Medical Leave Act; andEmployee Polygraph Protection Act.
