Job Title Credit Risk Workout and Recovery
Corporate Title Associate
Location Jacksonville, FL
Overview
Risk Management is responsible for managing and controlling the risk profile of the Bank. The profession path covers financial and nonfinancial risks. Examples of financial risks include client creditworthiness, market price fluctuations etc. Examples of non-financial risks are inadequate processes, controls, or systems etc, Risk Management roles may cover various aspects of the risk lifecycle including: Establishing risk governance, setting risk frameworks, policies, and risk appetite Determining mitigants and controls and reporting the aggregate risk profile and escalating risk events. Risk Management related roles exist in either the 1st line of defense or the 2nd line of defense as independent control functions.
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
Distressed Portfolio Management: Collaborate with senior credit officers and front office colleagues to manage a portfolio of distressed credits, primarily in the Leveraged Lending and Commercial Real Estate sectors. Perform ongoing quarterly and annual reviews, recommend internal and regulatory-equivalent ratings, and ensure data quality meets a high standard
Restructuring & Other Transaction Assessment: Assist senior credit officers in analyzing transactions that include amendments and extensions, in-court and out-of-court debt restructurings, exit financings in connection with borrowers’ emergence from Chapter 11, and insolvency proceedings. Help to ensure that credit approval documentation is clear and that credit recommendations are consistent with risk appetite, internal policies, and applicable regulations
Reporting and Audit Support: Provide support for reporting and audit-related requirements, helping to ensure timely and accurate reporting of essential credit information, while also participating in both internal and external audits and regulatory examinations
Training & Mentorship: Provide training and guidance to junior credit officers particularly with respect to credit analysis as well as policy and regulatory adherence
Skills You’ll Need
A degree in accounting, Business, Finance or Economics from accredited college or university (or relevant work experience)
Previous Credit analysis experience from a Financial Institution or Rating Agency Strong written and oral communication skills, great attention to detail, and the ability to work with a variety of different teams and professionals
Skills That Will Help You Excel
Previous experience in Leverage Debt Capital Markets, Commercial Real Estate, Real Estate Investment Trusts, Workout and Recovery management or financial modeling a plus
Ability to work in a fast-paced environment
Self-starter
Expectations
It is the Bank’s expectation that employees hired into this role will work in the Jacksonville, FL 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 Jacksonville is $60,000 to $86,000. 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. 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
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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.