Workout / Recovery Management Director - Director

Deutsche Bank•New York, NY

6d•$170,000 - $275,500•Hybrid

About The Position

As a Director on Deutsche Bank’s Workout and Recovery Team, this role is part of the Lending franchise and focuses on risk management for underperforming or distressed clients. The position manages a diversified portfolio, analyzes complex transactions, participates in regulatory audits, and leads the restructuring and resolution of complex, stressed and distressed corporate credit exposures. The Director owns case strategy and execution, applies independent judgment, constructively challenges stakeholders, and works toward the best risk-adjusted outcome for the Bank, exercising commercial discipline and calm leadership when information is incomplete or stakeholder objectives conflict. The role owns complex distressed cases from diagnosis through resolution, including the development and execution of restructuring, refinancing, debt-sale, enforcement or insolvency strategies. It assesses business viability, cash flows, liquidity, enterprise and collateral value, debt capacity and capital structures; evaluates legal and contractual rights; leads negotiations; and presents evidence-based recommendations to senior management and approval forums. It also maintains portfolio monitoring, decision records and governance, ensures compliance with applicable requirements, provides senior case direction, coaches colleagues, and contributes to improvements in workout methodology and portfolio governance. The position is based in New York, NY, and employees are expected to work in the New York office in accordance with the Bank’s hybrid working model. The stated salary range is $170,000 to $275,500, excluding incentive compensation and other remuneration. Actual salary may depend on factors including skills, experience, education, work location and other qualifications.

Requirements

Significant experience in corporate or leveraged credit, restructuring, special assets, workout or restructuring advisory, including complex distressed borrowers and capital structures.
Demonstrated execution of restructuring and recovery strategies and negotiation with sophisticated borrowers, sponsors, lenders and legal advisers.
Strong financial modeling, cash-flow forecasting, valuation and recovery analysis skills.
Ability to assess contractual rights and restructuring alternatives commercially and from a risk perspective.
Experience presenting complex or contentious recommendations to senior decision makers and credit committees.
Proven ability to diagnose deterioration, establish realistic business value and recovery, identify the Bank’s leverage and execute a defensible resolution strategy.
Ability to use AI tools to enhance productivity and optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
Independent judgment, commercial instincts and ownership of difficult decisions.
Confidence to challenge consensus while remaining open to contrary evidence.
Clear written and verbal communication, disciplined prioritization and ability to build effective working relationships without compromising the Bank’s interests.

Responsibilities

Own complex distressed cases from diagnosis through resolution and develop and execute restructuring, refinancing, debt-sale, enforcement or insolvency strategies.
Assess business viability, cash flows, liquidity, enterprise and collateral value, debt capacity and capital structures; challenge borrower plans, forecasts and adviser assumptions.
Compare base, upside and downside recovery scenarios, accounting for timing, execution risk, additional funding and concessions.
Evaluate covenants, guarantees, security, cash-management and intercreditor arrangements with legal counsel to establish the Bank’s rights, leverage and alternatives.
Lead negotiations with borrowers, sponsors, lenders and advisers, balancing constructive compromise with credible contractual alternatives.
Present clear, evidence-based recommendations to senior management and approval forums, distinguishing facts, assumptions and judgment and revising strategies as evidence changes.
Maintain disciplined portfolio monitoring, decision records and governance; escalate deterioration promptly and ensure compliance with applicable credit, legal, regulatory and internal requirements.
Provide senior case direction and respectful, robust challenge to internal and external stakeholders, including senior decisionmakers.
Coach Vice Presidents and junior colleagues in credit analysis, commercial judgment and negotiation, reviewing the underlying case thesis as well as its presentation.
Foster open challenge and timely escalation, demonstrate calm accountability under pressure, and improve workout methodology and portfolio governance.
Participate in regulatory audits and manage a diversified portfolio of underperforming or distressed clients.