Skip to content
CV Rocket
Get started
How it worksThe enginePricingBlogContactSign in

Open nowPosted today

Workout / Recovery Management Director - Director

DB269 open roles

Pay
$170,000 – $275,500 a year
Where
New York, 1 Columbus Circle
Get the CV for this job

From $25 per CV, paid once. No subscription.

Your applicationOpen nowWorkout / Recovery Management Director - DirectorDB · New York, 1 Columbus Circle

  1. YouYes, apply to this one.

  2. CV RocketCV written for this posting.

  3. 25 readersRecruiter, hiring manager, skeptic. Round after round.

  4. CV RocketApplied on DB's own form.

The reply lands in your private mailbox

3×more interviews than doing it yourself with ChatGPT.

The clock on this job

Early applications get read.

13.3% of postings close within 7 days. Measured by our own scanner across the market. DB postings stay open a median of 14 days.

Share of postings closed within
  1. 2.1%1 day
  2. 4.6%3 days
  3. 13.3%7 days
  4. 21.3%14 days
  5. 35.7%30 days
  6. 59.1%60 days
This job: posted today

DB median: 14 days open

The posting

Job Description:

Job Title Workout / Recovery Management Director Corporate Title Director

Location New York, NY

Overview

As the Director on the Workout and Recovery Team, you will be a key member of Deutsche Bank’s Lending franchise, focusing on risk management for underperforming or distressed clients. You will work in close collaboration with Workout colleagues to analyze transactions from underperforming clients or in distressed situations; You will also manage a diversified portfolio and participate in regulatory audits. The role involves analyzing complex transactions, leading workout strategies, and ensuring compliance with credit policies and regulations. As a senior member of Workout / Recovery Management, you will lead the restructuring and resolution of complex, stressed and distressed corporate credit exposures; You will own case strategy and execution, apply independent judgment, constructively challenge stakeholders and deliver the best risk-adjusted outcome for the Bank. The role requires commercial discipline, clear recommendations and calm leadership where information is incomplete and stakeholder objectives conflict.

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

  • Own complex distressed cases from diagnosis through resolution; 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, weighing timing, execution risk and additional funding or concessions to distinguish value-preserving support from delayed recognition of deterioration
  • 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; resist unsupported demands and artificial deadlines, 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 strategy 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

How You’ll Lead

  • 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; review the underlying case thesis, not just the presentation
  • Foster open challenge and timely escalation, demonstrate calm accountability under pressure and improve workout methodology and portfolio governance

Skills You’ll Need

  • 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; 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. Success means quickly diagnosing deterioration, establishing realistic business value and recovery, identifying the Bank’s leverage and executing a defensible resolution strategy
  • Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

  • 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 the ability to build effective working relationships without compromising the Bank’s interests

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York 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 $170,000 to $275,500. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice please email [email protected].

#LI-HYBRID

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.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.

From $25, paid onceGet the CV for this job

What happens when you press

One press. We do the rest.

  1. A CV for this posting

    Written against DB's own wording, from every piece of relevant proof in your profile.

  2. 25 readers review it

    Recruiter, hiring manager, skeptic and more read every draft, round after round. You get the best round.

    The review screen in CV Rocket: how each CV was read, round by round.

  3. We apply on DB's form

    Our application engine gets through the hardest forms there are. Where a question needs you, AI suggests the best answer. Don't want us applying from our IP addresses? Use our Chrome extension: we apply straight from your own browser.

    An application in CV Rocket: every answer filled in on the employer's form.

  4. Every reply, sorted

    DB's answer lands in your private mailbox, and we classify it on arrival: interview, question, rejection.

    The CV Rocket inbox: each employer reply classified as an interview, an action or a rejection.

  5. Reply with AI

    AI helps you write the email, checks it and sends it. We show you whether the recruiter read it.

  6. The interview in your calendar

    Full integration with your calendar. The invitation goes straight in.

    An interview invitation in the CV Rocket inbox, added to the candidate's calendar.
Get the CV for this job

From $25 per CV, paid once. No subscription.

Why it works

3×

more interviews than doing it yourself with ChatGPT.

ChatGPT writes a CV and never learns what happened to it. We see every reply. For each CV we know:

  • How it was written, and how the review scored it
  • When we applied, and how long after the posting went up
  • Which posting, which company, which city
  • Who got the interview, and who heard nothing

That is how we know which CVs get called.

Get the CV for this job

From $25 per CV, paid once. No subscription.

The numbers game

More applications. More interviews.

Every application goes out with its own CV, written for that posting and paid once. Send enough of them and the law of large numbers finds you the job.

Get the CV for this job
By hand5–10
With CV Rocket100
applications a day

Nearby

Live postings like this one

Same employer first, then the same role elsewhere.

Before you press

Straight answers

Get the CV for this job

From $25 per CV, paid once. No subscription.

What if my background isn't good enough?

We make the most of the background you have. The CV uses every piece of relevant proof your profile holds, and one of the 25 readers reads your whole profile and flags what the CV left out.

Do you really apply for me?

Yes, on the employer's own form, the hardest ones included. Where a question needs you, you answer it right there and AI suggests the best answer. Don't want us applying from our IP addresses? Use our Chrome extension: we apply straight from your own browser.

Is it a subscription?

No. You pay once per CV, from $25. Every application goes out with its own CV, written for that posting.

One job. One CV.
Paid once.

Pick the posting you want. We write for it, apply for you and catch the reply.

Get the CV for this job

From $25 per CV, paid once. No subscription.