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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, influence risk management processes, and work in a dynamic environment.
- 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 43200 - 72000 £ per year.
Job Description:
Job Title Head of Credit Risk
Location London/ Frankfurt
Corporate Title Director
The EnterpriseRiskManagement (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
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.
You can expect:
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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
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Competitive salary and non-contributory pension
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30 days’ holiday plus bank holidays, with the option to purchase additional days
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Life Assurance and Private Healthcare for you and your family
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A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
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The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year
Your key responsibilities
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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)
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Assessment of qualitative and quantitative credit portfolio developments, including credit quality trends and emerging risks, as well as risk concentrations
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Monitoring the macroeconomic environment including market trends and events to analyse potential impacts on credit portfolios
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Management and enhancement of key risk management processes, such as credit risk ID and credit risk framework
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Leading a team of ~5 people spanning Germany and UK, and instilling a one team mindset
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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
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Deep knowledge of credit risk management principles and practices, ideally within an investment bank and/or corporate bank
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Extensive experience engaging senior stakeholders including external audit and regulators within a high pressure, time sensitive and rapidly evolving environment
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A strong desire to challenge the status quo, a disciplined execution mindset and an energetic, can-do attitude
How we’ll support you
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Training and development to help you excel in your career
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Flexible working to assist you balance your personal priorities
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Coaching and support from experts in your team
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A range of flexible benefits that you can tailor to suit your needs
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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. Click here to see what we do.
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.
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Head of Credit Risk Portfolio Management employer: Deutsche Bank
Contact Detail:
Deutsche Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk Portfolio Management
✨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 sector, particularly those who have experience in leading teams or managing portfolios. Engaging with industry experts can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Prepare to discuss your experience in managing stakeholder relationships, especially with senior stakeholders and regulators. Highlighting your ability to navigate high-pressure environments will be crucial in showcasing your fit for this role.
✨Tip Number 4
Demonstrate your leadership skills by sharing examples of how you've successfully led teams or projects in the past. Emphasising a collaborative mindset and your ability to instil a 'one team' culture will resonate well with the hiring managers.
We think you need these skills to ace Head of Credit Risk Portfolio Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your deep knowledge of credit risk management principles and practices. Include specific examples of your experience in investment or corporate banking, particularly any roles where you engaged with senior stakeholders.
Craft a Compelling Cover Letter: In your cover letter, express your strong desire to challenge the status quo and demonstrate your energetic, can-do attitude. Mention how your skills align with the responsibilities of overseeing global credit portfolios and managing credit risk appetite.
Showcase Relevant Experience: When detailing your work history, focus on your extensive experience in high-pressure environments. Highlight any instances where you successfully managed credit risk frameworks or led teams, especially across different geographies like Germany and the UK.
Research the Company: Familiarise yourself with Deutsche Bank's values and recent initiatives, especially regarding diversity and inclusion. This will help you align your application with their culture and demonstrate your commitment to their goals.
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. Be prepared to discuss your experience in this area, especially within investment or corporate banking, as it will be crucial for the role.
✨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 navigate high-pressure situations and communicate effectively.
✨Demonstrate a Can-Do Attitude
Exude an energetic and positive mindset during the interview. Employers are looking for candidates who can challenge the status quo and show a disciplined execution approach, so be ready to share instances where you've done just that.
✨Familiarise Yourself with the Regulatory Landscape
Research the current regulatory environment affecting credit risk management. Being knowledgeable about relevant regulations will not only impress your interviewers but also show your commitment to understanding the broader context of the role.