Local Markets Trader

Deutsche Bank; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

Deutsche Bank is seeking a Local Markets Trader in London to manage product flows, provide liquidity to clients, and monitor market opportunities. The role requires strong quantitative skills and knowledge in FX and Rates, offering a competitive salary and flexible working arrangements.

Benefits

Hybrid Working

Competitive salary and non-contributory pension

30 days’ holiday plus bank holidays

Life Assurance and Private Healthcare

Flexible benefits including Retail Discounts

CSR programme with 2 days’ volunteering leave

Qualifications

• Experience in Flow trading and local markets.
• Strong quantitative skills specifically in econometrics.
• Understanding of regulations across various countries.

Responsibilities

• Managing product flows along with pricing and risk management.
• Providing liquidity to clients and executing trades.
• Continuous improvement of platform enhancements.

Skills

Quantitative skills

Understanding of FX and Rates

Market making experience

Risk management proficiency

Knowledge of debt capital/bond/credit markets

Job description

Job Description:

Job Title Local Markets Trader

Location London

Corporate Title Associate

The Global Emerging Markets business covers a comprehensive Effective Margin product suite of Foreign Exchange (FX), Rates and Credit from Vanilla to complex products. It provides access to onshore & offshore markets via direct or electronic channels, as well as synthetic formats. In addition, it also provides financing solutions spanning capital markets, loans, and asset-backed financing, from investment grade to distressed. The client base coverage spans the entire spectrum including sovereigns, quasi-sovereigns as well as global/ local institutional and corporate clients.

You will be managing product flows along with pricing and risk management/ portfolio optimisation. You will be providing liquidity to Deutsche Bank Clients who range from financial institutions to corporates and be aware of and monitor markets and identify opportunities between different markets plus ability to develop hedging strategies.

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Managing product flows along with pricing and risk management/ portfolio optimisation
• Providing liquidity to Deutsche Bank Clients who range from financial institutions to corporates
• Execution, trade capture and Profit and Loss (P&L) signoff for the trading books
• Continuous exploration of overall platform enhancements – working closely with relevant teams to streamline, automate the pricing/ risk management (where applicable) and work on workflows solutions for clients

Your skills and experience

• Understanding of Central Eastern Europe Middle East & Africa, Local Markets including an understanding of onshore and offshore dynamics across FX and Rates
• Experience in Flow trading and market making business
• Strong quantitative skills (preferably in econometrics) and product knowledge
• Understanding of regulations across various countries will be desirable
• Understanding and proficiency in managing risk in trading books - Interest Rate Risk, Secured Overnight Financing Risk, and Cross Currency (XCCY) Basis Risk
• A deep understanding of debt capital/ bond/ credit markets, credit environment and comfortable pricing a variety of instruments, including interest swaps, cross-currency swaps and Forward Rate Agreements (FRAs)

How we’ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (for example, screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to have been named The Times Top 50 Employers for Gender Equality 2025 for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

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.