Vice President – Community Development Finance Group (CDFG)

Company: Deutsche Bank

Location: New York, NY

Job Function: Finance


Background

Founded in 1990, Deutsche Bank Community Development Finance Group (CDFG) is a recognized provider of innovative social finance products and initiatives.  To date, CDFG has committed over $3 billion in U.S. community development loans and investments.  The team manages a diverse portfolio of over $450 million in loan and investment commitments consisting of loans to community development financial institutions (CDFIs), project construction loans and investments in community development oriented private equity funds.  This activity is primarily focused on New York City and under-banked communities across the U.S.  CDFG considers financing for projects and clients focused on issues of closing the racial-wealth gap including but not limited to affordable housing, social justice, economic development, heath care and education.  The CDFG is responsible for meeting Deutsche Bank’s community development lending and investing goals under the Community Reinvestment Act (CRA).

Summary

Deutsche Bank is seeking to hire a Vice President for the CDFG to play a principal role in originating, structuring and managing a portfolio of market-based, high impact loans and investments that benefit low- and moderate-income (LMI) communities and respond to emerging community development needs in the U.S., particularly in New York City. The Vice President will also play a central role in the development and execution of CDFG’s strategy. A successful candidate is passionate about community development and is a demonstrated leader and positive thinking problem-solver, who can manage multiple priorities and transactions while working in close coordination with colleagues and stakeholders. This role will report to the head of CDFG.

The position involves a high level of coordination with other members of the CDFG team, a small dynamic unit with multiple roles and responsibilities.

Responsibilities

Business Development:

  • Responsible directly and in collaboration with CDFG team members for leading business development efforts
  • Develop and maintain relationships with clients and key stakeholders, including non-profits, CDFIs, banks, real estate developers, impact investors, public agencies and other stakeholders
  • Define, develop and implement CDFG strategic direction and priorities
  • Identify and explore new loan and investment opportunities; assess financial viability and credit risk, suitability and alignment with CDFG objectives and business model
  • Engage with clients and prospects to understand needs and develop financing solutions

Structuring and Underwriting:

  • Source, structure and negotiate new loans and investments
  • Manage transaction due diligence; lead transaction calls and site visits
  • Lead the underwriting and credit approval processes, including preparing and presenting investment memos for consideration by senior bank risk officers
  • Support timely completion of Know Your Customer (KYC) diligence
  • Work with counsel to finalize legal documentation to be consistent with approved terms
  • Liaise with client, counsel, bank operations and CDFG colleagues to ensure that loans and investments are closed and correctly booked

Credit/Risk Management and Operations:

  • Oversee strong portfolio quality and ensure sound risk and asset management practices; surface and troubleshoot issues in a timely manner
  • Lead the operational processes and controls for CDFG; provide oversight and support to junior staff
  • Monitor and assist with day-to-day portfolio management including advances, capital calls, modifications and extensions
  • Prepare quarterly and annual credit reviews, including analysis of borrowers’ financial and social impact data, and compliance with covenants
  • Monitor real estate projects during construction/lease-up by maintaining awareness of development progress, appropriateness of draw requests, adequacy of capital sources, cost overruns and availability of contingency
  • Work with loan servicing, finance and other operations functions to maintain data integrity, comply with regulatory requirements and align with bank policies and best practices
  • Regularly identify efficiency improvements in all operational aspects of CDFG

Other Responsibilities:

  • Increase visibility of CDFG’s work within Deutsche Bank and support the preparation of internal reporting and presentations to other business units and senior management
  • Support development of internal and external marketing and communications, liaising with the bank’s communications and marketing teams
  • Help drive CRA outperformance by supporting exam documentation, preparation and review
  • Facilitate knowledge transfer, cross-learning and effective teamwork; some supervision of staff may be required
  • Represent Deutsche Bank and CDFG at industry related conferences and community events
  • Participate and lead special projects or additional duties as assigned

Requirements

The candidate should be a self-starter with demonstrated passion for community development and a commitment to Deutsche Bank’s vision and values.  In addition, the candidate should have:

  • Bachelor’s degree in finance, economics or a related discipline; graduate degree in business administration, urban planning or a related discipline is a plus
  • 5+ years experience in the lending or investing sector, preferably with a CDFI, bank or other financial institution in origination, underwriting or structuring role(s)
  • Financial and credit analysis skills, including the ability to analyze project financials/pro-formas, loan portfolios, financial statements and business plans and to make independent recommendations to senior and credit risk management
  • Passion for social justice, racial equity and inclusion, economic mobility, community development and/or impact investing sectors
  • Established working knowledge of NYC community development sector; experience with NYC public and nonprofit sectors is a plus
  • Experience with commercial real estate finance, investment or development is a plus
  • Exceptional verbal communication, writing and presentation skills
  • Strong interpersonal skills, including the ability to work effectively as a member of a small, entrepreneurial and dynamic team
  • Detail oriented
  • An ease with learning new systems/applications and proficiency with Excel & PowerPoint
  • Self-motivated with effective time-management skills and ability to manage a diverse and demanding workload with minimal direct supervision

Compensation and Benefits

Commensurate with Experience

How to Apply

All inquiries should be directed to Martha Martinez, Deutsche Bank, 1 Columbus Circle, New York, NY 10019.  Please submit your resume and cover letter via email to martha-a.martinez@db.com.  Please also apply via:

https://db.wd3.myworkdayjobs.com/DBWebsite/job/New-York-1-Columbus-Circle/Community-Development—Vice-President_R0182685