Investment Grade Trader - Associate
Deutsche Bank’s Investment Grade (IG) desk is part of Credit Flow Trading, within the Global Financing & Credit Trading business unit. The desk acts as a market maker in the Investment Grade Bond market. You will partner closely with the Institutional Client Group (ICG), Research Analysts, and Capital Markets to provide liquidity to clients and support Deutsche Bank’s new issue business.
Responsibilities
- Act as a market maker to provide liquidity to clients in Investment Grade Bonds
- Build your franchise in your sector and with clients to capture market share
- Own and manage the market risk exposure of your trading positions
- Leverage the ICG Credit sales team to source liquidity
- Work closely with Desk Analysts to critically evaluate trading opportunities
- Support Capital Markets in distributing new issues
Requirements
- Extensive knowledge of the Investment Grade bond market and the US Investment Grade sector (Corps)
- Deep understanding of the US client base and IG franchise
- Key relationships established with US clients and knowledge of their trading interests
- Experience in market-making Investment Grade Bond transactions
- Understanding of risk management of trading desks and existing relationships with buy-side clients active in this space
- Strong interest in risk management and profitable trading
Skills That Will Help You Excel
- Actively learn from and support Senior Traders on the desk
- Assist in building the Deutsche Bank IG franchise with clients and capturing market share
- Support in generating trade ideas alongside Sales and Research
Benefits
- Hybrid working model with in-office and work-from-home flexibility
- Generous vacation, personal, and volunteer days
- Employee Resource Groups supporting an inclusive workplace and 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
Pay
The salary range for this position in New York City is $130,000 to $170,000. 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 other types of remuneration.
Schedule
It is the Bank’s expectation that employees hired into this role will work in the New York office in accordance with the Bank’s hybrid working model.