Crossword Genius

Old German head of recruitment who may take up position at bank (6)

Ross

I believe the answer is:

angler

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'old german head of recruitment who may take up' is the definition.
Although both the answer and definition are singular nouns, I can't understand how one could define the other.

'position at bank' is the wordplay.
'position' becomes 'angle' (angle is a kind of position).
'at bank' becomes 'r' (I can't justify this - if you can you should give a lot more credence to this answer).
'angle'+'r'='ANGLER'

Can you help me to learn more?

(Other definitions for angler that I've seen before include "One proverbially exaggerating" , "Fisher with rod and line" , "Hook and line fisherman" , "A rod and line fisherman" , "who looks for compliments" .)

I've seen this clue in The Independent.
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