Credit Risk Officer - Wealth Management - Assistant Vice President
Job IDR0423262 FullPart-Time Full-time Regular Temporary Regular Listed 2026-03-03 Location New York Position Overview
Job Title: Credit Risk Officer - Wealth Management Corporate Title: Assistant Vice President Location: New York, NY Overview
Deutsche Banks Private Bank business is one of the largest wealth managers worldwide. We offer our clients a broad range of traditional and alternative investment solutions, as well as comprehensive advice on all aspects of Wealth Management. As a trusted partner of wealthy professionals and entrepreneurs, family offices, and foundations, we create lasting value for clients.
The Private Bank specializes in developing bespoke solutions for our clients around the world. The Credit Risk Officer is responsible for handling approvals for all Private Bank-related loan transactions retained on balance sheet. You will be expected to analyze and recommend approvals, declines, or new loan terms for proposed transactions for Private Bank Clients.
Additional tasks include monitoring counterparty credit limits, maintaining data integrity for all names and transactions in Risk systems, and ensuring compliance with regulations and internal policies and procedures.
What We Offer
You will be part of a diverse and inclusive environment that embraces change, innovation, and collaboration. Our hybrid working model allows for in-office work, 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 include health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits. Educational resources, matching gifts, and volunteer programs are also available.
What Youll Do
As an Assistant Vice President in the Credit Risk Management team covering the US Wealth Management business, your role will require carrying out independent assessments of the transactions that will include assessment of appropriateness of the loan structure and underlying collateral securing the loan. The nature of the collateral would cover the following asset classes: marketable securities, equites, bonds, structured notes, private shares requiring cash flow-based equity valuation, commercial real estate, hedge fund units, limited partnership investments, residential real estate, aircraft, yacht, art, etc.
Based on the assessment, assign credit rating and prepare a credit memo with recommendation rationale. Diligently monitor the portfolio on an ongoing basis and ensure pockets of risk within the portfolio are timely identified - be aware of global, regional, and local market events and their potential impact on the portfolio. Ensure portfolio quality remains satisfactory and any risk concentrations and risk limits do not exceed defined risk appetite and are compliant with risk policies and regulations.
Help in the preparation of reports and portfolio analysis for auditors, regulators, and senior management. Actively contributes to remediation efforts to address regulatory and audit findings.
Skills
You will need:
Skills That Will Help You Excel
Expectations
It is the Banks expectation that employees hired into this role will work in the New York office in accordance with the Banks 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 $100,000 to $153,000. Actual salaries may be based on a number of factors including but not limited to a candidates 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. Thats 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
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Banks California Privacy Notice, please email HR DIRECT@DB.com.
LI-HYBRID
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 Banks Equal Opportunity Policy Statement and the following notices: