CRO - Risk Specialist - Associate

About This Role

This Associate Credit Risk Officer role supports the assessment and ongoing monitoring of hedge fund counterparties, providing credit analysis and risk oversight across a diverse portfolio of clients. The role offers exposure to complex financial products, hedge fund structures, and counterparty risk management within a global risk environment, working as part of a global team responsible for managing Deutsche Bank's credit exposure to hedge fund counterparties.

Responsibilities

• Support due diligence reviews for new hedge fund relationships, participating in meetings with investment, risk, operations, and investor relations teams to assess investment strategies, risk controls, operational infrastructure, and liquidity management practices
• Prepare credit assessments and annual reviews covering investment performance, portfolio composition, leverage, liquidity, financing arrangements, valuation practices, and operational risk considerations
• Assist senior Credit Officers in determining appropriate risk appetite, credit limits, and transaction structures
• Analyse proposed client transactions, including OTC derivatives, foreign exchange, securities financing, and financing facilities, identifying key risks and supporting approval recommendations
• Monitor portfolio developments, utilisation trends, collateral positions, market events, and emerging risk indicators
• Review fund reporting, investor disclosures, financial statements, and risk reports to identify material developments and changes in risk profile
• Assist with the review of legal documentation, including ISDA Master Agreements, Credit Support Annexes, and other trading agreements, working alongside Legal and senior risk colleagues
• Prepare management information, portfolio reporting, and presentations for governance forums and senior stakeholders
• Work closely with Front Office, Financing, Legal, Operations, and Collateral Management teams to support client activity while maintaining adherence to risk standards and policies
• Maintain awareness of developments in hedge fund markets, investment strategies, financing structures, and regulatory requirements affecting counterparty risk
• Develop relationships with internal stakeholders and support ongoing engagement with hedge fund counterparties and industry participants

Requirements

• Relevant experience in credit risk, market risk, counterparty risk, fund research, investment risk, portfolio analytics, valuations, audit, consulting, asset management, or a related field
• Basic understanding of hedge fund structures and investment strategies, including long/short equity, macro, relative value, multi-strategy, or credit strategies
• Exposure to financial statement analysis, investment performance analysis, and risk assessment techniques
• Degree-level education or equivalent in Finance, Economics, Mathematics, Accounting, or a related discipline
• Strong analytical and quantitative skills with the ability to interpret and synthesise complex information
• Excellent written and verbal communication skills with the ability to present findings in a clear and concise manner
• Proficiency in Excel and other analytical tools
• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Nice to have:

• Familiarity with derivatives, securities financing, or capital markets products would be beneficial but is not essential
• A CFA designation or progress towards CFA, FRM, or a similar professional qualification would be advantageous

Benefits

• Non-contributory pension
• 20 days annual leave plus generous number of public holidays
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including retail discounts, gym benefits, wellbeing incentives
• The opportunity to support a wide ranging CSR program plus take volunteering leave days
• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• Training and development to help you excel in your career

About the Company

Deutsche Bank is the leading German bank with strong European roots and a global network. It strives for a culture in which employees are empowered to excel together every day, acting responsibly, thinking commercially, taking initiative, and working collaboratively.