Head of Asset Backed Securities, Credit Risk

Head of Asset Backed Securities, Credit Risk

Job :

R0441699 Full/Part-Time:
Full-time Regular/Temporary:
Regular Listed:

Location:

New York

Position Overview

Job Title:

Head of Asset Based Securities

Corporate

Title:

Managing Director

Location:

New York

Overview

The ABS function is responsible for managing the portfolio of credit exposures across various financing structures within securitized products, including ABS, residential mortgage-backed securities, and collateralized loan obligations (CLOs), while ensuring protection of the bank's capital and compliance with all relevant regulatory requirements. It operates as a specialized unit, separate from the standard process for underwriting and managing performing loans. The role reports to the Bank's Chief Credit Risk Officer and is a 2

LOD leadership role, managing a team of 23 employees across multiple countries, with a primary focus on the United States. The head of the function is a member of the Credit Risk Management Leadership Team.

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

* Define and implement the bank's Asset Based Securities strategy in line with risk appetite and regulatory expectations.

* Support internal and external audits, including ECB JST, the Federal Reserve, Internal Audit, and External Audit.

* Lead a team across different countries and regions and provide regular reporting to the Risk Committee and, where applicable, to the Management Board.

* Coordinate with auditors, regulators, and supervisory authorities.

* Maintain clear and regular communication with key stakeholders, including Management Board members, Finance, the Risk Control Unit, Front Office, and Credit Officers.

How You'll Lead

* Provide clear direction aligned with business strategy while balancing global and regional priorities.

* Manage performance with equal focus on results, behaviour, and conduct; set clear expectations, foster accountability, and remove obstacles.

* Hold regular performance and career development conversations and both give and receive feedback.

* Hold direct reports accountable for efficient, cost-effective systems, processes, and controls in line with the bank's standards and regulatory requirements.

* Ensure team decisions are made in a timely manner and take longer-term considerations and stakeholder needs into account.

* Manage potential conflicts of interest and ensure direct reports have sufficient time and the necessary skills for their roles.

* Align performance and business practices with the bank's objectives, culture, and code of conduct, and take appropriate action to drive positive outcomes and consequences.

* Promote collaboration across diverse teams to achieve the best possible ideas and recommendations.

* Foster an inclusive, open, and speak-up culture in which team members are encouraged to share their views and raise concerns.

Skills You'll Need

* Dynamic leader with the ability to lead and motivate a diverse workforce of 23 employees.

* Experience driving change programs to improve departmental efficiency through process review and critical challenge of the current setup.

* Several years of experience in a comparable role or as a strong number two.

* Deep knowledge of the ABS market, including its key stakeholders.

* Experience leading multinational and diverse teams.

* Excellent written and verbal communication skills in English.

* Assertive, self-driven individual with a strong team orientation.

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 $400,000 to $500,000. 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…