Job Description:
Job Title
Credit Analyst
Location
London
Corporate Title
Vice President
Deutsche Bank's Global Foreign Exchange (GFX) business offers a fully integrated and global product platform. With unrivalled breadth and high execution capabilities, we are dedicated to making markets and providing client solutions in a wide range of FX derivative products. We trade the full spectrum of FX derivatives products from the most liquid to the most complex. We leverage the information contained in our franchise and the edge provided by our technology platforms to offer deeper liquidity and tighter spreads, and to extract value from the market. The Second Order Risk Group (SRG) Desk, within GFX Business, focuses on evaluating and protecting business against Counterparty Credit risk and at the same time increasing revenue, sustainably.
You will have responsibilities across GFX's portfolio globally covering corporate, banks, funds, hedge funds, and be a key member of the team setting counterparty risk appetite for the business.
You will be involved in portfolio management of the existing portfolio and in specific deals providing fundamental analysis and credit solutioning.
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 Hybrid Working 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
Your key responsibilities
- In-depth fundamental credit analysis of underlying counterparty structure and peer analysis to take a comprehensive view on credit risk being underwritten in derivative books
- Combining credit analysis with market view (yields, credit spreads) to establish the appetite & hold period for underlying credit. Participate in counterparty due-diligence calls/visits
- Prepare high quality credit memos to be presented to Credit Risk Management team
- Liaising with legal team recommending appropriate clauses in the International Swaps and Derivatives Association/Credit Support Annex (ISDA/CSA) documents
- Regular and ongoing monitoring of counterparty portfolio to establish any change in credit risk and accordingly recommend alteration in trading strategy in terms of reducing/exiting the credit position, de-risking strategies or building incremental positions into derivative books
- Connect with senior stakeholders across risk functions and business to drive long term projects
Your skills and experience
- Previous relevant experience in fundamental credit analysis, preferably in an international bank
- Understanding of credit market/derivative products and legal documentation
- Good negotiation skills and ability to deal with senior stakeholders in risk functions and business
- Self-starter with ability to firmly communicate ideas and clear recommendations based on analysis
- Team player, flexibility, and excellent interpersonal skills
How we'll support you
- A culture of continuous learning to aid progression
- A range of flexible benefits that you can tailor to suit your needs
- We value diversity and as an equal opportunities' employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (for example, screen readers, assistive hearing devices, adapted keyboards)
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 have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.
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.