Flow Credit Trader - Director
Deutsche Bank, New York, NY, United States
Job Title
Flow Credit Trader
Corporate Title
Director
Location
New York, NY
Overview The Global Emerging Markets business covers a comprehensive Emerging Markets (EM) product suite of Foreign Exchange (FX), Rate and Credit from vanilla to complex products. It also provides financing solutions spanning capital markets, loans, and asset-backed financing, from investment grade to distressed. In this role, you will be providing liquidity in United States Dollar/Euro denominated credit bonds to Deutsche Bank clients who range from financial institutions to corporates and execution, trade capture and Risk/Profit and Loss signoff for the trading books.
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
Make markets in hard currency emerging markets credit bonds over voice and electronic platforms like MarketAxess and Bloomberg and manage market, credit, interest rates, FX, basis, gap, and counter-party risk in the trading book
Monitoring all rate volatility markets and identifying trade ideas between different markets plus ability to develop hedging strategies
Market and cross illiquid securities between clients with or without warehousing risk (agency trading)
How You'll Lead
Work closely with sales to grow the franchise across corporate and financial institutions
Working with relevant analytical teams to develop new algorithms and liaising with various internal control functions to manage the trade through its life cycle; take ownership of traded products and ensure modelled correctly in systems
Skills You’ll Need
Proven experience in a Flow Credit trading and market making business, employed in regulated trading role, and worked with United States, European Economic Area, and United Kingdom clients
Deep expertise in credit bonds issued by High Yield rated issuers, deep knowledge of Credit Markets and knowledge of LatAm Emerging Markets, knowledge of credit default swaps
Strong track record of client engagement and established track record of market making on electronic platforms
Strong quantitative skills (preferably in econometrics) and product knowledge and an understanding and proficiency managing risk in trading books
Fluency in English mandatory, knowledge of other languages from the region desirable
Skills That Will Help You Excel
Excellent communication skills, both written and spoken
Self-motivated
Self-starter
Expectations It is the Bank's expectation that employees hired into this role will work in the New York, NY 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 $200K to $485K. 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.
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 HR.Direct@DB.com.
Equal Opportunity Employer We welcome applications from all people and promote a positive, fair and inclusive work environment.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.
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Flow Credit Trader
Corporate Title
Director
Location
New York, NY
Overview The Global Emerging Markets business covers a comprehensive Emerging Markets (EM) product suite of Foreign Exchange (FX), Rate and Credit from vanilla to complex products. It also provides financing solutions spanning capital markets, loans, and asset-backed financing, from investment grade to distressed. In this role, you will be providing liquidity in United States Dollar/Euro denominated credit bonds to Deutsche Bank clients who range from financial institutions to corporates and execution, trade capture and Risk/Profit and Loss signoff for the trading books.
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
Make markets in hard currency emerging markets credit bonds over voice and electronic platforms like MarketAxess and Bloomberg and manage market, credit, interest rates, FX, basis, gap, and counter-party risk in the trading book
Monitoring all rate volatility markets and identifying trade ideas between different markets plus ability to develop hedging strategies
Market and cross illiquid securities between clients with or without warehousing risk (agency trading)
How You'll Lead
Work closely with sales to grow the franchise across corporate and financial institutions
Working with relevant analytical teams to develop new algorithms and liaising with various internal control functions to manage the trade through its life cycle; take ownership of traded products and ensure modelled correctly in systems
Skills You’ll Need
Proven experience in a Flow Credit trading and market making business, employed in regulated trading role, and worked with United States, European Economic Area, and United Kingdom clients
Deep expertise in credit bonds issued by High Yield rated issuers, deep knowledge of Credit Markets and knowledge of LatAm Emerging Markets, knowledge of credit default swaps
Strong track record of client engagement and established track record of market making on electronic platforms
Strong quantitative skills (preferably in econometrics) and product knowledge and an understanding and proficiency managing risk in trading books
Fluency in English mandatory, knowledge of other languages from the region desirable
Skills That Will Help You Excel
Excellent communication skills, both written and spoken
Self-motivated
Self-starter
Expectations It is the Bank's expectation that employees hired into this role will work in the New York, NY 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 $200K to $485K. 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.
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 HR.Direct@DB.com.
Equal Opportunity Employer We welcome applications from all people and promote a positive, fair and inclusive work environment.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.
#J-18808-Ljbffr