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Credit PT/ETF/Algo Trader - Director

Deutsche Bank • New York, NY 10261 • Posted 4 days ago

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Hybrid • Full-time • $190,000-$300,000/yr • Senior Manager

Job Highlights

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The Director of Credit Portfolio/ETF/Algo Trading at Deutsche Bank is responsible for managing the Algorithmic trading of Investment Grade and High Yield Corporate Bonds, trading US Credit ETFs and Portfolios, and contributing to the development of systems and processes that support US Credit Portfolio/ETF/Algorithmic Trading activity. This role involves close collaboration with other traders to optimize and manage risk positioning, leveraging ICG Credit Sales to support an active feedback loop with clients.

Responsibilities

  • Contribute to the management of Algorithmic trading of Investment Grade and High Yield Corporate Bonds by the team
  • Trade US Credit ETFs and Portfolios of Investment Grade and High Yield Corporate Bonds as a member of a multi-functional trading team
  • Interact directly with external managers of Credit ETFs to create and redeem shares of US Credit ETFs
  • Model and use statistical analysis to identify profitable trading opportunities for the desk & our clients
  • Contribute to the continued development of systems and processes which support the US Credit Portfolio/ETF/Algorithmic Trading activity
  • Work closely with other Deutsche Bank traders to optimize and manage risk positioning in trading books across US Credit Flow Trading
  • Leverage the ICG Credit Sales to support an active feedback loop with our clients
  • Responsibility for training junior staff on the desk
  • Building the Deutsche Bank Credit franchise with clients & capturing market share

Qualifications

Required

  • Previous experience as a credit quant either on the buy/sell side
  • Existing relationships with market participants in this space
  • Previous experience with modelling, credit analysis and statistical modelling, ideally resulting in trading ideas
  • History of strong risk management and identifying profitable trading opportunities

Preferred

  • Self-motivated
  • Self-starter

About Deutsche Bank

Deutsche Bank is a leading financial institution offering a wide range of banking, investment, and advisory services. They provide secure online banking, flexible credit options, and expert financial guidance to ensure customer satisfaction and financial security. Whether you need a current account, credit card, investment advice, or insurance solutions, Deutsche Bank has the products and services to meet your financial needs.

Full Job Description

Job Description:

Job Title Credit PT/ETF/Algo Trader

Corporate Title Director

Location New York, NY

Overview

The Credit Portfolio/ETF/Algorithmic Trading desk is part of Credit Flow Trading. This sits within the Global Financing & Credit Trading business unit. The trading desk acts as a market maker in Investment Grade and High Yield Corporate Bonds as well as Portfolios and ETFs including those bonds to provide liquidity to our clients.

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
  • Contribute to the management of Algorithmic trading of Investment Grade and High Yield Corporate Bonds by the team
  • Trade US Credit ETFs and Portfolios of Investment Grade and High Yield Corporate Bonds as a member of a multi-functional trading team; interact directly with external managers of Credit ETFs to create and redeem shares of US Credit ETFs
  • Model and use statistical analysis to identify profitable trading opportunities for the desk & our clients
  • Contribute to the continued development of systems and processes which support the US Credit Portfolio/ETF/Algorithmic Trading activity
  • Work closely with other Deutsche Bank traders to optimize and manage risk positioning in trading books across US Credit Flow Trading
  • Leverage the ICG Credit Sales to support an active feedback loop with our clients
How You'll Lead
  • Responsibility for training junior staff on the desk
  • Building the Deutsche Bank Credit franchise with clients & capturing market share
Skills You'll Need
  • Previous experience as a credit quant either on the buy/sell side
  • Existing relationships with market participants in this space
  • Previous experience with modelling, credit analysis and statistical modelling, ideally resulting in trading ideas
  • History of strong risk management and identifying profitable trading opportunities
Skills That Will Help You Excel
  • 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 $190K to $300K. 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 Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Learn more about your life at DB 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 .

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 authenti-cally 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!

Click these links to view the following notices: EEO is the Law poster and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision

#LI-HYBRID

#LI-REMOTE

#LI-ONSITE

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.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision .