Non-Linear Rates & Structured Notes Strat

Deutsche Bank; Greater London; Hybrid; GBP 90,000 - 150,000; Full time

Benefits offered by this job

Hybrid working

Competitive salary

Pension

Life Assurance

Private healthcare

Flexible benefits

CSR volunteering leave

Job summary

Deutsche Bank, London, seeks an Associate for Non-Linear Rates & Structured Notes Strat to join Group Strategic Analytics. You will contribute to the Kannon platform, delivering intraday and end-of-day pricing, risk and P&L analytics for Rates Issuance and FRM desks.

Responsibilities include building and tuning analytics, collaborating with Trading, Technology and Operations, and mentoring junior teammates while leveraging C++ and Python.

Qualifications

• Excellent quantitative, modelling, pricing and risk management skills in a financial services environment.
• Experience developing banking applications and large-scale projects with C++ and Python.
• Knowledge of calibration of interest rate curves and volatilities and other analytic market data.

Responsibilities

• Drive build-out of the strategic analytics platforms in partnership with Trading, Structuring, Technology and Operations.
• Implement Structured Notes pricing and risk management tools to scale the business.
• Responsible for analysis, design, and development of analytics for the desk within the Kannon platform.
• Support business-driven opportunities with innovative and quantitative ideas to solve complex problems.
• Foster a collaborative environment by helping junior team members grow their experience.

Skills

Quantitative analysis

Pricing risk management

C++ programming

Python programming

Tools

Kannon platform

Job description

Job Title Non-Linear Rates & Structured Notes Strat

Location London

Corporate Title Associate

Group Strategic Analytics (GSA) is part of Group Chief Operation Office (COO) which acts as the bridge between the Bank’s businesses and infrastructure functions to help deliver the efficiency, control, and transformation goals of the Bank.

You will be joining the Debt Strats team to support the development and implementation of the strategic Kannon platform, delivering intraday and end-of-day pricing, risk and Profit and Loss (P&L) platform for trading desks with a focus on Rates Issuance and Financial Resource Management (FRM) desk. This aims to help Rates Issuance desk risk managing their Structured Notes portfolio as well as implement risk and regulatory metrics that are required within our platform - Kannon. Kannon is written in C++ and Python.

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 Hybrid Working 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

• Work in partnership with Trading, Structuring, Technology and Operations to drive the build-out of the strategic analytics platforms
• Implement Structured Notes pricing and risk management tools to help scale-up the business.
• Responsible for analysis, design, and development of analytics for the desk within Kannon platform.
• Support with business driven opportunities, and bringing innovative and quantitative ideas to solve complex problems for the desk.
• Foster a collaborative and supportive environment by helping junior members of the team and encouraging them to grow their experience.

Your skills and experience

• Excellent quantitative, modelling, pricing and risk management skills, demonstrated within a financial services environment
• Experience developing banking applications and large-scale projects with C++ and Python is a plus
• Experience working on calibration of interest rate curves, volatilities (vols) and other analytic market data.
• Good understanding of Rates products in particular non-linear models.
• Knowledge of front-office risk and P&L calculation
• Excellent interpersonal skills with the ability to collaborate and partner with various teams

How we’ll support you

• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• 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 (e.g. 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.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on [e-mail] to discuss how we can best support you. Alternatively, you can share your phone number, and a member of the team will be happy to call you to talk through your specific requirements.

We strive for 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.