Job Title Deputy Head of Credit Commercial Real Estate (CRE)
Corporate Title Director
Location New York, NY
Overview
The Commercial Real Estate (CRE) credit team is tasked with managing real estate related risk for Deutsche Bank’s Commercial Real Estate Group, Real Estate Investment Banking, Municipal Capital Markets and Community Development Finance. In particular, the position is responsible for managing a large team of people, majority of them domiciled in New York and Germany. The position requires handling approvals for all real estate related transactions, monitoring the portfolio to an agreed risk appetite, working together with ERM and the Business on risk appetite setting and managing a large number of stakeholder, within Risk, Business, as well us Regulators and Auditors.
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 gifts and volunteer programs
What You’ll Do
Support Deutsche Bank’s Head of Credit for CRE on defining risk appetite, interactions with the Business, managing the team and regulatory remediation
Pro-actively manage portfolio of close to EUR 40bn
Transaction approvals and member of senior credit committees
Challenge front office, recommend sector reviews and changes in strategies as market trends dictate
Monitor, advise and communicate with respect to Credit Risk Escalation Triggers (Risk Appetite)
Address Senior Risk Management and/or Management Board requests in a timely manner. Proactively communicate issues impacting the portfolio
How You’ll Lead
Deputy Head of a team of 55 people, between credit officers and valuation professionals; Team is spread across different jurisdictions
Deputy head to step up and provide key leadership across a global team of Commercial Real Estate Credit staff
Independently leading senior engagements with key stakeholders, both internally and externally, incl with European as well as US regulators
Support leadership with refinement of the team’s target operating model and optimization of processes
Provide leadership on portfolio steering, risk appetite, credit risk strategy and governance
Skills You’ll Need
Extensive experience in CRE markets and related debt products
Being able to assess and mitigate risks associated with lending on primary CRE asset classes
Excellent knowledge of the US CRE markets
Competence in all CRE de-risking strategies: CMBS, loan syndication, sale of junior debt
Familiar with all facets of CRE due diligence and legal documentation; Experience managing large teams
Skills That Will Help You Excel
Superior organizational and project skills
Excellent verbal and written communication skills
Ability to effectively multi-task and work under time pressure
Assertive, independent professional, as well as a team player when required
Gravitas in senior stakeholder setting
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.
The salary range for this position in New York City is $170,000 to $280,500. 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. Click here to learn more!
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