Head of ABS

Deutsche Bank • New York, NY

4d • $400,000 - $500,000 • Hybrid

About The Position

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 Officer and leads a team of nearly 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.

Requirements

• 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.

Responsibilities

• 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.
• 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.

Benefits

• 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
• family building benefits
• Educational resources
• matching gift and volunteer programs

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: No Education Listed