Job Specifications
Position Overview
Job Title: Loan O perations Manager
Corporate Title: Vice President
Location: New York, NY
Overview
Private Banking (PB) US Operations is part of the Central Europe and US region and provides operational support in the US to the Private Banking business in the areas of Discretionary, Trust Planning, Custody, Wealth Advisory, Brokerage and Lending as well as the Deposit business with combined $70bn assets under management (AUM). Operations is responsible for managing middle and back-office services, including outsourced services to third party vendors and services offshored to internal Deutsche Bank locations.
As Lending operations Manager, you will be responsible for leading Lending Middle Office and Back Office Operations in oversight of day-to-day activities of processing of all loan life cycle events for syndicated and bilateral deals as well as partner in strategic initiatives. Lending Document management function, providing support to auditors, support business escalations, building and maintaining relationships with relevant internal and external stakeholders including regulators, auditors, market vendors and internal divisions, support Bank’s strategic initiatives and transformation related projects.
What We Offer You
A diverse and inclusive environment that embraces change, innovation, and collaboration
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, and family building benefits
Educational resources, matching gift, and volunteer programs
What You’ll Do
As Loan Operations Manager you will oversee end-to-end processing, servicing, and administration of loan portfolios within the Private Bank. This leadership role ensures all transactions related to the life cycle of loans are executed accurately, efficiently, timely and in compliance with the Bank’s regulatory requirements.
Lead, manage and develop the onsite and offshore teams to ensure timely and accurate processing of all loan life cycle events for syndicated and bilateral deals including but not limited to: Booking of new loans and amendments; Loan servicing processes such as loan drawings, rollovers, payments adjustments and account maintenance; Adherence to regulatory requirements, loan policy guidelines and internal controls; Collaborate with lending team to address discrepancies, streamline processes and support client needs
Work on New Product Approvals, Regulatory Reporting and Transformation Projects
Support internal, external auditors with evidencing requests and timely attending to the queries.
Collaborate closely with the internal team and Business teams to close any open audit findings. Provide support for Risk, Compliance and Regulatory asks
Identify process gaps and help drive process optimization
How You’ll Lead
Oversee and implement Lending related projects in collaboration with vendors and IT
Serve as an escalation point and subject matter expert for complex issues and activities.
Lead conversations with Treasury and Finance colleagues on P/L, and Balance Sheet and resolve queries from Finance and Treasury.
Skills You’ll Need
Core Lending Operations Expertise in Commercial Real Estate (CRE), Commercial & Industrial (C&I), SBLC. Proven ability to interact confidently with senior leadership, bankers, lenders, and auditors (Internal & External)
Experience in developing and delivering presentations and reports for executive management; Strong risk and control mindset including ability to escalate immediately.
Experience in managing a large lending operations team
Proficiency in Loan IQ Experience; Lending Document Management Expertise; Hands-on experience with reconciliation and life cycle management of loans
Bachelor’s in business/ accounting/ finance subjects. Proficiency in MS Office (Excel, Word, and PowerPoint)
Skills That Will Help You Excel
Experience managing a private banking/wealth management loan portfolio; Understanding of regulatory reporting requirements. Accounting hands on experience
Additional Residential Lending Experience is a plus
Self-motivated & Self-starter
Excellent communication skills – written & verbal
Problem solving skills/ Thinking out of the box; Open mindset to learning and taking on new challenges
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank’s 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 $110,000 to $150,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill
About the Company
Deutsche Bank is the leading German bank with strong European roots and a global network. The bank focuses on its strengths in a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank and in asset management.
We provide financial services to companies, governments, institutional investors, small and medium-sized businesses and private individuals.
Deutsche Bank was founded in 1870 to accompany German businesses into the world, and has worked across borders ever since.
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