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