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Job Title : Manager of Philanthropic Initiatives - Community Development - Vice President(Deutsche Bank)
Date Posted : June 20, 2019
Type :

Description :

We are Germany’s leading bank with strong positions in Europe and significant presence in the Americas and Asia Pacific.  We’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritizing long-term success over short-term gains, and serving society with ambition and integrity. We serve our clients’ real economic needs in commercial and investment banking, retail banking and transaction banking, and provide ground-breaking products and services in asset and wealth management. That means a career packed with opportunities to grow and the chance to shape the future of our clients.

Deutsche Bank is seeking to hire a Manager of Philanthropic Initiatives for CDFG to source, deploy, and manage a portfolio of high impact grants and philanthropic investments that benefit low- and moderate-income (LMI) communities and respond to emerging community development needs in the U.S., with a particular focus on New York City. This member of CDFG will also play a central role in the development and execution of the team’s strategy. You should be 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. The Manager plays a key role in acting as an external representative for CDFG, developing strategic relationships that enable CDFG to maximize its impact with its resources. This role will report to the head of CDFG.

Key Responsibilities

Grant Portfolio Management:

  • Work with the CDFG head and team to develop a philanthropic strategy that identifies grant opportunities to pursue key CDFG goals of advancing racial equity and benefiting LMI communities
  • Effectively manage a large volume of relationships across Deutsche Bank’s grant and program-related investment portfolios
  • Acquire and synthesize industry trends and innovations across a range of program areas including affordable housing development, economic development, immigrant entrepreneurship, energy efficiency and community resiliency
  • Represent the Bank in local and national philanthropic donor collaborative’s, community development field-building initiatives, public-private partnerships and policy advocacy working groups
  • Support head of CDFG on strategic initiatives, drafting concept notes, position papers, and assist CDFG in managing a broad range of strategic relationships; concisely frame decision points on complex issues and transactions
  • Oversee competitive grant award selection processes, developing Requests for Proposals, reviewing proposals, and negotiating grant and loan agreements
  • Manage administrative processes of grantee due diligence (including site visits; review of grantee financial statements, budgets, governance, and strategy; reference checks), grant disbursement, budgeting, grantee reporting, and internal and external reporting on grants portfolio

New Initiatives Fund Support:

  • Support activities of Deutsche Bank’s New Initiatives Fund (NIF), a program-related investment fund that deploys philanthropic investments to benefit LMI communities
  • Support Fund Manager on efforts to streamline and strengthen NIF operations, compliance, and governance; work with Fund Manager and head of CDFG to develop and implement NIF strategy and communications plan
  • Support Fund Manager in sourcing, structuring, and originating investments and managing the portfolio; perform annual reviews

Community Reinvestment Act (CRA) Exam:

  • Serve as CDFG Team lead in preparing Deutsche Bank Trust Company Americas’ biennial CRA exam submission to federal and state regulators, synthesizing CDFG’s strategy and programmatic achievements, highlighting innovations, and managing the production of written content for the exam

Other Responsibilities:

  • Support head of CDFG in management of the group’s operations, including acting as group point person on issues related to compliance, governance, strategy, and communications as needed
  • Support CDFG team in portfolio management, handling relationship management and annual reviews
  • Support head of CDFG in all matters related to the Deutsche Bank Americas Foundation
  • Organize and lead convening’s with diverse stakeholders to help advance CDFG’s mission, spotlight key issues and opportunities facing LMI communities and communities of color, drive innovation, and galvanize the community development field


You should be a self-starter with demonstrated passion for community development and a commitment to CDFG’s vision and values.  In addition, you should have:

  • An MBA, MPA, or Master’s degree in a related discipline
  • Relevant experience in the community development sector, preferably at a community development corporation (CDC), community development financial institution (CDFI), or related government agency
  • Passion for and familiarity with poverty alleviation, racial equity and inclusion, economic mobility, community development and/or impact investing sectors
  • Strong working knowledge of real estate, affordable housing and/or economic development, and related public policy and subsidy programs
  • Established working knowledge of NYC community development sector; experience with NYC public and nonprofit sectors is a plus
  • Financial analysis skills, with a particular focus on nonprofit organizations and their financial operations
  • Superior writing skills, and the ability to communicate complex transactions and strategic decisions in a straightforward manner
  • An ability to work under pressure, within deadlines, and in a small and collaborative group atmosphere
  • skills and ability to manage a diverse and demanding workload with minimal direct supervision
  • Detail oriented
  • Strong capabilities in Microsoft Office (Word, Excel, and PowerPoint)

Deutsche Bank is an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the "EEO is the Law" poster and pay transparency statement.

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