Senior Credit Officer - Vice President

Deutsche Bank•New York, NY

1d•$125,000 - $222,500•Hybrid

About The Position

The Senior Credit Officer will provide expert credit analysis and comprehensive risk management oversight for hedge fund clients. The role conducts counterparty due diligence, assesses investment strategies and risk management frameworks, determines risk appetite, establishes credit, financing and derivatives limits, assigns and approves internal credit ratings, reviews trading and financing transactions, and assesses collateral adequacy and legal protections. The position manages a portfolio of hedge fund counterparties across investment strategies and products, including derivatives, financing transactions and securities financing activities. The officer applies independent judgment and analytical skills to challenge stakeholders while supporting responsible business growth. Reporting to the Head of Funds, the officer joins a global team managing Deutsche Bank’s credit exposure to hedge fund counterparties. The role includes independent risk assessment, escalation of concerns, credit decisions within delegated authority, representation of Credit Risk Management in governance forums and credit committees, and engagement with senior management, business partners and hedge fund counterparties. The role is based in the New York office under the Bank’s hybrid working model. The stated New York City salary range is $125,000 to $222,500; incentive compensation and other remuneration are not included.

Requirements

Degree-level education or equivalent professional experience.
Relevant counterparty credit risk experience focused on hedge funds.
Knowledge of hedge funds and their investment strategies, including portfolio construction, leverage, liquidity, financing structures and associated counterparty risks.
Experience conducting hedge fund credit analysis and risk assessments, including evaluating financial, portfolio, performance and risk information.
Knowledge of derivatives and financing products, including OTC derivatives, foreign exchange, securities financing, repo and prime brokerage, and their credit and market risk characteristics.
Working knowledge of trading and financing documentation, including ISDA Master Agreements, Credit Support Annexes, GMRAs, Futures & Options and Prime Brokerage documentation, and the principal credit risk mitigants in these agreements.
Ability to use AI tools to enhance productivity and optimize workflows while applying critical judgment and ensuring responsible, ethical use of data and AI outputs.

Nice To Haves

Collaborative, team-oriented approach and willingness to share expertise and support team objectives.
Sound judgment and confidence in decision-making, with the ability to clearly explain the rationale for credit and risk decisions.
Independent, constructive mindset and confidence challenging assumptions and providing thoughtful risk perspectives.
Self-directed, accountable approach with the ability to take ownership, manage competing priorities and work with appropriate autonomy.
Strong communication and relationship-building skills to engage with internal stakeholders and external clients across functions, products and regions.

Responsibilities

Lead credit due diligence and risk assessment for hedge fund and private equity relationships, engaging with senior client personnel to evaluate investment strategies, portfolio construction, leverage, liquidity, risk management, operational infrastructure and other counterparty risk sources.
Own credit decisions for an assigned portfolio, establishing risk appetite, credit and financing limits, margin requirements and transaction parameters while exercising delegated credit authority and providing independent challenge.
Evaluate and approve complex derivatives, financing and securities transactions, including OTC derivatives, foreign exchange, repo, prime brokerage, securities financing and bespoke structured transactions.
Lead credit risk aspects of negotiating trading and financing documentation, including ISDA agreements, Credit Support Annexes, GMRAs and other agreements, ensuring appropriate credit protections, collateral terms, covenants and close-out rights.
Maintain senior-level oversight of portfolio risk using credit risk management and product monitoring systems, including annual and periodic credit reviews, exposure and collateral monitoring, stress testing, counterparty performance, liquidity and leverage trends, and emerging risks; take action or escalate concerns when necessary.
Partner with clients and internal stakeholders across Front Office, Sales, Trading, Financing, Legal, Operations and Collateral Management, while monitoring relevant market, regulatory and industry developments.
Exercise sound judgment and ownership of credit decisions, challenge assumptions, and clearly communicate risk views and recommendations to senior stakeholders.
Represent Credit Risk Management with senior business partners and clients, building relationships while providing independent challenge and balancing responsible business growth with prudent risk management.
Serve as a subject matter expert and leader within the global Funds team, sharing expertise, guiding and supporting junior colleagues, and contributing to consistent, high-quality credit decisions.