Employer: DWS Group
Title: Credit Opportunities/Special Situations Senior Principal
Location: Frankfurt/London
About DWS:
Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.
Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.
We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow.
As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.
This is your chance to invest in your future.
Team / Division overview
The DWS Alternatives business is a diversified set of business activities with approximately EUR 130bn in assets under management in strategies including Private Real Estate, Private Infrastructure, Private Credit, Liquid Real Assets (Real Estate/Infrastructure and Commodity Securities) and Sustainable Investments. The global team invests on behalf of a global client base that includes governments, corporations, institutional investors, as well as a growing UNHW investor group.
Private Credit is a key growth pillar of the EUR 115bn DWS Alternatives franchise. The Private Credit platform aims to build diversified portfolios across asset-based finance, direct lending, and structured credit to deliver attractive risk-adjusted returns with a focus on capital preservation to a broad spectrum of investors including governments, corporations, insurance companies and private clients.
As part of the Private Market Solutions Strategy, you will be at the heart of a strategic initiative in
Germany/Europe, leveraging your expertise in multi-asset management to provide tailored investment solutions to our investors.
Your responsibilities
As the Senior Principal for Credit Opportunities you will be responsible for:
Select investment opportunities (i.e. potential voting member of investment committee) for private markets solutions mandates and prepare/co-ordinate investment committees and related materials in that context.
Confer with clients on deal opportunities (and any adjustments to the investment scope / strategy) and coordinate the investment process as laid out in the framework agreement (i.e. veto rights / deal memos etc.)
Co-ordinate the origination efforts of investment opportunities for Private Market Solutions mandates across both Deutsche Bank (Investment Bank and Corporate Bank) and DWS.
Originate investment opportunities that suit the investment strategies of private markets solutions mandates but are otherwise outside the scope of investment strategies and mandates advised by DWS (e.g. opportunistic credit and/or capital solutions opportunities).
For such type of transactions, as well as transactions sourced / originated from Deutsche Bank:
Oversee the performance of detailed comprehensive due diligence to assess the (credit) quality of potential transactions, including financial, commercial, technical, legal and/or tax analysis of investee companies and contemplated transaction structures.
Oversee development and utilisation of complex financial models to project expected investment performance and assess potential risks and scenarios.
Oversee / lead the preparation of investment committee memoranda and other documentation for Investment Committees, that provide accurate and concise underrating analysis and investment recommendations as well as presenting transactions in ICs.
Oversee the negotiation of documentation and deal-execution.
Oversee investment monitoring and sector trends to support ongoing portfolio management.
Ensure regulatory compliance by staying updated on relevant regulations and ensure compliance with internal guidelines, investment guidelines, investor requirements, fiduciary obligations and other external guidelines throughout the underwriting process.
Liaise with the relevant service providers to ensure all regulatory, governance and legal requirements are met.
Work with partners across Deutsche Bank and within DWS, including Product and Corporate Functions to design and manufacture solutions and products that meet the demands of clients across multiple channels.
Act as a Private Markets Solutions SME to support fundraising strategies through partnerships with the relevant client coverage and product teams.
Be responsible for portfolio management and reporting of investment reporting to Private Market Solutions mandates.
Report on key topics to Senior Management, while maintaining excellent working relationships with internal and external stakeholders relevant to the Private Credit & Private Market Solutions business.
We are looking for:
Proven experience of Private Credit and multi-asset mandates, gained at a credit fund, commercial or investment bank, hedge fund or mezzanine fund.
Extensive experience of investment and origination capabilities to deliver growth against a multi-asset strategy.
Experience of working collaboratively across different business units to execute against agreed targets and ensure that offerings are best suited to clients across multiple channels.
Proven experience of building and managing a team; defining appropriate team structures to ensure that performance and risk monitoring are in place and that accountability and lines of authority are clearly defined.
Contributing to the production of materials for RFP and marketing/fundraising activities
Experience of producing credit investment proposals and supporting documentation for Investment Committees.
Experience of managing relationships with a complex client base, to help retention of existing and growth of new clients.
Experience of effectively managing risk controls within an investment environment, with sound experience around the fiduciary duty of care and diligence.
Educated to degree level in a Finance related discipline from an accredited college or university (or equivalent) or an acceptable level of industry experience.
Fluent in German and English (written and spoken) is essential.
What we’ll offer you:
At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS you’ll have access to a range of benefits including, but not limited, to the below:
A hybrid working model, allowing for in-office / work from home flexibility, comprehensive leave policy, personal and volunteer days
Competitive compensation packages including health and wellbeing benefits
Access to best in class trainings, in role development and career progression opportunities
If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and our recruitment team will discuss options with you.
We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots.
