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- Tasks: Lead the Credit Risk Portfolio Management team and oversee global credit portfolios.
- Company: Deutsche Bank is a leading German bank with a strong global presence and commitment to diversity.
- Benefits: Enjoy hybrid working, competitive salary, 30 days holiday, private healthcare, and flexible perks.
- Why this job: Shape a growing team, drive impactful change, and work in a supportive, inclusive culture.
- Qualifications: Deep knowledge of credit risk management and experience engaging senior stakeholders required.
- Other info: Join a company recognised for gender equality and LGBTQ+ inclusion.
The predicted salary is between 72000 - 108000 £ per year.
The Enterprise Risk Management (ERM) function provides a cross-risk view of the Bank’s risk profile across risk types, businesses and geographies. The function also owns risk type overarching responsibility for key risk management capabilities, like risk appetite, risk identification and group wide stress testing, and is the risk controlling function for credit risk.
The Credit Risk Control Function is a recently established team within ERM responsible for setting and cascading credit risk appetite, self-governing portfolio monitoring of overall credit risk profile across the bank and its divisions, CLP reporting, forecasting and monitoring, as well as ownership of selected credit risk models. The team is a key partner to, and works closely with, the credit risk organisation. This is an exciting opportunity to shape the Credit Risk Portfolio Management team as it grows and transform the team’s operating model and processes.
What we’ll offer you:
- Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them.
- Competitive salary and non-contributory pension.
- 30 days’ holiday plus bank holidays, with the option to purchase additional days.
- Life Assurance and Private Healthcare for you and your family.
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits.
- The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year.
Your key responsibilities:
- Overseeing the Bank’s global credit portfolios, including challenging of client-specific / portfolio concentrations and management of credit risk appetite (Group, divisional, BU, product-specific).
- Assessment of qualitative and quantitative credit portfolio developments, including credit quality trends and emerging risks, as well as risk concentrations.
- Monitoring the macroeconomic environment including market trends and events to analyse potential impacts on credit portfolios.
- Management and enhancement of key risk management processes, such as credit risk ID and credit risk framework.
- Leading a team of ~5 people spanning Germany and UK, and instilling a one team mindset.
- Working in partnership with other teams in CRO, in particular Credit Risk management and Group Portfolio Management in ERM, implementing solutions that support the Bank's vision, goals, and strategy, whilst understanding the regulatory landscape.
Your skills and experience:
- Deep knowledge of credit risk management principles and practices, ideally within an investment bank and/or corporate bank.
- Extensive experience engaging senior stakeholders including external audit and regulators within a high pressure, time sensitive and rapidly evolving environment.
- A strong desire to challenge the status quo, a disciplined execution mindset and an energetic, can-do attitude.
How we’ll support you:
- Training and development to help you excel in your career.
- Flexible working to assist you balance your personal priorities.
- Coaching and support from experts in your team.
- A range of flexible benefits that you can tailor to suit your needs.
- We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards).
About us:
Deutsche Bank is the leading German bank with strong European roots and a global network. Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion. 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.
Head of Credit Risk employer: Deutsche Bank
Contact Detail:
Deutsche Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk management, especially within investment and corporate banking. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the credit risk space, particularly those who have experience in leading teams or working with senior stakeholders. Engaging in conversations can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed credit portfolios or led teams in high-pressure environments. Tailoring your experiences to align with the responsibilities outlined in the job description will make you stand out.
✨Tip Number 4
Research Deutsche Bank's culture and values, particularly their commitment to diversity and inclusion. Being able to articulate how your personal values align with theirs can significantly enhance your candidacy.
We think you need these skills to ace Head of Credit Risk
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Credit Risk position. Familiarise yourself with credit risk management principles and practices, especially within investment or corporate banking.
Tailor Your CV: Customise your CV to highlight relevant experience in credit risk management, stakeholder engagement, and team leadership. Use specific examples that demonstrate your ability to challenge the status quo and manage credit portfolios effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for credit risk management and your understanding of the macroeconomic environment. Mention how your skills align with the bank's vision and goals, and express your enthusiasm for leading a diverse team.
Proofread and Edit: Before submitting your application, carefully proofread your documents for any spelling or grammatical errors. Ensure that your writing is clear and professional, as attention to detail is crucial in this role.
How to prepare for a job interview at Deutsche Bank
✨Understand Credit Risk Management Principles
Make sure you have a solid grasp of credit risk management principles and practices, especially within the context of investment or corporate banking. Be prepared to discuss how these principles apply to the role and how you've implemented them in your previous positions.
✨Showcase Your Stakeholder Engagement Skills
Highlight your experience in engaging with senior stakeholders, including external auditors and regulators. Prepare examples that demonstrate your ability to communicate effectively under pressure and navigate complex situations.
✨Demonstrate a Can-Do Attitude
Exude energy and a positive mindset during the interview. Companies are looking for candidates who challenge the status quo and show a disciplined execution mindset. Share instances where you've taken initiative and driven change.
✨Familiarise Yourself with the Regulatory Landscape
Research the current regulatory environment affecting credit risk management. Be ready to discuss how you would implement solutions that align with both the bank's goals and regulatory requirements, showcasing your understanding of the broader financial landscape.