Deutsche Bank
1LoD Risk and Underwriting - Director,
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Job Title: Director, 1LoD (First Line of Defence) Risk and Underwriting - Wealth Management and Business Lending
Location: London, United Kingdom
Corporate Title: Director
Within the Private Bank, Wealth Management and Business Lending (WM&BL) is the Lending product centre of excellence offering bespoke lending solutions to HNW/UHNW (High Net Worth/Ultra High Net Worth) clients globally. The division comprises 200+ specialist lenders, offering solutions secured against liquid assets (Lombard Lending), Real Estate, Art, Aircraft, Alternatives, unlisted shares and other personal assets. Wealth Management and Business Lending forms a key part of the wider PB Lending pillar of the Bank.
Critical to the success of the Lending business is the robust management of credit risks in the First Line of Defence – ensuring the execution of high quality and franchise accretive client loan transactions with an optimised risk / reward balance and best in class monitoring processes. As the Director - 1LoD Risk and Underwriting you will, working in close co-operation with the front-line structurers and the Credit Risk Management (CRO) control function, support the devising, implementation and maintenance of Risk Appetite, underwriting and process settings in support of the division’s Chief Operating Officer (COO) and ultimately the Head of PB (Private Bank) Lending.
The role will include line management responsibilities.
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:
- 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
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Your key responsibilities
- Spearhead the continuous improvement of Lending management of credit risk relevant activities, ensuring best in class underwriting and back book risk management.
- In tandem with the Senior Product SMEs, drive the build-out of rigorous, consistent and harmonised underwriting processes through development of training, tools, processes and templates (and associated quality assurance processes).
- Support the development of a Business-Delegated Credit Authorities framework (and governance / administration thereof) for selected products.
- Oversee the continued build-out and management of the Global Portfolio Management team to support credit hygiene and the production of actionable risk management insights.
- Spearhead credit risk / underwriting - relevant audit remediation and support regulatory dialogue
- Act as the governance lead for Collateral and Credit Policy adherence in line with bank policies.
- Act as a first port of call for any additional risk-related topics that may arise from time to time.
Your skills and experience
- Strong industry experience in a global bank; degree qualified or equivalent
- Strong experience in, and understanding of, Credit Risk Management in a Wholesale and/or Wealth Management Lending organization, preferably in a regulated banking environment.
- Strong commercial acumen, with a proven track record in leading projects, balancing client/commercial dynamics, and robust credit risk control
- Working understanding of key lending products offered (including Real Estate, Lombard, Alternatives (PE) including Fund Financing – and bespoke structured lending products
- Proven track record in dealing with senior leaders across key stakeholder functions (and across divisions) with a view to problem solving
- Strong leadership, communication, project management and problem-solving skills, with ability to balance collaboration and “push-back” as appropriate
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How we’ll support you
- Training and development to help you excel in your career
- A culture of continuous learning to aid progression
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 be named in The Times Top 50 Employers for Gender Equality and has been awarded a Gold Award from Stonewall and named in their Top 100 Employers.
If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on adjustmentsconcierge@db.com to discuss.
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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