Quantitative Strategist – Credit Strats
Job ID: R0341682
Full/Part-Time: Full-time
Regular/Temporary: Regular
Listed: 2024-09-16
Location: New York
Position Overview
Job Title: Quantitative Strategist – Credit Strats
Corporate Title: Vice President
Location: New York, NY
Overview: We are looking for a full-time quantitative credit strategist to work alongside Deutsche Bank’s US Flow Credit business. You will need to be a highly motivated self-starter and all-rounder, able to understand the relevant finance and the associated mathematics of the credit markets, as well as being able to code production-quality software applications and reports to front office requirements and tight timescales. You will be a member of a small global development team based on the trading floor in New York, delivering coding solutions via the Firm's Autobahn web platform and expected to take part in the entire software development, delivery, and support lifecycle, often solely responsible for smaller project deliveries. You will work on a variety of development projects from sourcing, onboarding, and cleaning crucial datasets to using this data for pre-trade relative value analysis along with many types of flow analysis increasingly using machine learning and natural language techniques to provide deeper insights and aid in strategic decision-making. You will be comfortable interacting with everyone from front office trading and sales to middle office staff as well as IT infrastructure functions and will be required to often rapidly react to trader/sales/management demands delivering tactical solutions on tight deadlines. Our credit trading business is fully committed to technology as a key differentiator of performance, and the partnership with quant strategists is seen as crucial to the future success of the desk.
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 well-being benefits, retirement savings plans, parental leave, and family building benefits.
- Educational resources, matching gift, and volunteer programs.
What You’ll Do
- Design and build trading workflow and decision support web applets and reports in collaboration with trading and sales people and their requirements, and support those tools in person.
- Analyze desk and public transaction datasets to provide summary reports and find patterns and search for insights.
- Trading floor support for strategy applications along with quant support.
- Sourcing, onboarding, cleansing, and curating datasets to a subject matter expert level.
- Take a full role in understanding the system, code reviews, and generally helping improve the core platform incrementally.
How You’ll Lead
- Daily interaction with traders and trading management to deliver to often complex requirements and tight timelines.
- Support a team of Credit Sales people day to day via the decision support systems the group builds and supports.
- Collaborate regularly with other colleagues in the Global Strategic Analytics group to build and develop integrated technical strat solutions and mentor junior strategist colleagues in the group.
Skills You’ll Need
- Evidence of math, hard science/engineering education, and ability with a problem-solving mindset.
- Moderate relevant front office investment banking experience in technical/quant roles.
- Proficiency and provable production delivery in at least two of: C++/Java/Python/kdb+q/SQL/Javascript/html5/css.
- Experience working within a standard SDLC ideally based around git/bitbucket/JIRA or similar source control and productivity tools.
- Real-world data science experience preferably using diverse data sets to improve sales and trader processes and decision-making.
Skills That Will Help You Excel
- Experience of credit markets and pricing/risk modelling, especially corporate bond markets.
- PhD or Masters degree with any relevant specialization in optimization, machine learning, classification, time series analysis.
- Genuine kdb+/q experience either devops or query/report building.
- Experience interacting with and managing requests from front office sales and trading staff.
- Experience and aptitude for presenting complex data stories in a form consumers immediately understand and can use.
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York City 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, pregnancy, and/or religion.
The salary range for this position in New York City is $180,000 to $250,000. 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 Culture
Our working culture is inclusive and embraces a variety of perspectives, insights, and backgrounds to drive innovation. We build talented diverse teams and encourage our people to develop to their full potential. We pursue a working environment where everyone feels authentic and a sense of belonging. Talk to us about flexible work arrangements and other initiatives.
We promote strong relationships and encourage high standards of performance and conduct. We welcome applications from people of all backgrounds and are committed to providing an inclusive, fair, and equitable working environment.
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.
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.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.
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