Senior Capital Markets Specialist, ETFs

DWS Group; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Holiday allowance and bank holidays

Pension plan (non-contributory)

Private medical cover

Parental leave

CSR volunteering opportunities

Hybrid working model

Job summary

DWS Group is seeking a Senior Capital Markets Specialist in London to lead ETP primary market processes, enhance trading analytics, and partner with Sales, PM, and Product teams. You will drive market intelligence, manage relationships with market participants, and shape the European ETF market strategy.

The role requires extensive ETF/ETP capital markets experience, strong data analysis skills, and the ability to work across multiple internal teams to deliver scalable market solutions.

Qualifications

• Experience in ETF/ETP Capital Markets, Delta One, Synthetic Products, or related trading.
• Strong understanding of financial markets, ETFs, and market structure.
• Knowledge of TRS, synthetic replication, and related processes.
• Advanced data analysis skills with Python/SQL.
• Experience leading complex projects with multiple stakeholders.
• Knowledge of regulatory and trading considerations in European ETF markets.

Responsibilities

• Lead day-to-day management of Xtrackers ETP primary market processes and drive efficiency.
• Provide strategic and market expertise to Sales, PM, Marketing, Ops, and Product teams.
• Identify and mitigate operational risks with robust governance.
• Support product launches, cross-listings, and platform developments with internal stakeholders.
• Develop market mechanisms for efficient creation/redemption and tight spreads.

Skills

ETF/ETP Capital Markets

Delta One knowledge

Market data platforms

Python/SQL data analysis

Strong communication

Self-motivated

Education

Degree in Mathematics/Finance/Economics/Engineering/CS/Physics

CFA Charterholder or candidate

Tools

Bloomberg

Reuters

Python

SQL

Job description

Position Overview

Employer: DWS Group

Title: Senior Capital Markets Specialist

Location: London

About DWS

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

This is your chance to invest in your future.

Team / Division Overview

DWS Xtrackers covers a full range Exchange Traded Funds across Equity, Commodities and Fixed Income, as well as Segregated mandates, covering a wide range of index providers and array of benchmark types from multiple ESG flavours to Thematics. DWS has an integrated investment platform with a strong footprint globally.

You’ll be joining the ETP Capital Markets team, which is responsible for managing primary and secondary market activities along with broker dealer relationships and driving strategic initiatives and process improvements across other key external partners’ relationships.

Role Details

As a Senior Capital Markets Specialist you will (be):

• Lead the day-to-day management of Xtrackers ETP primary market processes, focusing on operational efficiency, scalability, and continuous process improvement.


• Act as a senior Capital Markets Specialist within Xtrackers, providing strategic, operational, and market expertise to colleagues across Sales, Portfolio Management, Marketing, Operations, and Product teams.


• Identify, manage and mitigate operational risks, ensuring robust governance, escalation, and resolution procedures.


• Partner with internal stakeholders across Trading, Operations, Product, Portfolio Management, Legal, Compliance, and Sales to support new product launches, cross-listings, and platform developments.


• Develop and enhance primary market mechanisms that support efficient creation and redemption activity, enabling tight spreads, strong liquidity, and depth in secondary markets.


• Build, maintain and own relationships with authorised participants, market makers, broker-dealers, exchanges, and other market infrastructure providers to enhance primary and secondary market efficiency.


• Engage with exchanges regarding market structure, trading platform requirements, market maker programmes, fees, and regulatory developments.


• Serve as a key point of contact for internal and external clients, responding to technical product enquiries and supporting capital markets-related initiatives.


• Lead the development of market intelligence, competitor analysis, and trading analytics to support product strategy, inform business decision-making, and strengthen client engagement.


• Utilise high-frequency market data to develop trading insights.


• Lead initiatives aimed at improving the quality and accuracy of European Xtrackers ETP market data, ensuring robust, timely, and scalable data management processes.


• Collaborate with Sales, Marketing, Product Development, and external partners to maximise the value delivered to clients through market data, research, and analytics.


• Support product development and delivery by providing senior capital markets insights on competitor products, secondary market dynamics, broker requirements, and market structure considerations for new product launches and listings.


• Contribute to the ongoing development of the Xtrackers capital markets platform and broader business strategy.

We are looking for:

• Experience within ETF/ETP Capital Markets, Delta One, Synthetic Products, Equity Derivatives, or a related trading environment.


• Strong understanding of financial markets, exchange-traded products, and market structure.


• Knowledge of Total Return Swaps (TRS), synthetic replication, and associated trading and operational processes.


• Strong analytical and problem-solving skills with a high degree of attention to detail.


• Experience managing/leading projects and coordinating multiple stakeholders across complex initiatives.


• Strong risk awareness, with the ability to identify issues and implement effective controls and mitigation measures.


• Advanced data analysis skills, including experience with Python, SQL, or similar analytical tools.


• Experience using Bloomberg, Reuters, or equivalent market data platforms.


• Strong communication and interpersonal skills, with the ability to engage effectively with senior stakeholders, clients, and external partners.


• Self-motivated team player with a proactive approach to delivering results in a fast-paced environment.


• Strong Experience working with ETF market makers, authorised participants, exchanges, or liquidity providers.


• Knowledge of regulatory, operational, and trading considerations relevant to European ETF markets.


• Fluency in an additional European language, would be beneficial


• CFA Charterholder or CFA candidate, would be beneficial


• Degree in Mathematics, Finance, Economics, Engineering, Computer Science, Physics, or another quantitative discipline.


• Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

What we’ll offer you

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

Some of our core benefits

• 30 days’ holiday + bank holidays, with the option to purchase additional days


• A non-contributory pension scheme, up to 10%


• Physical and Mental Health Well-Being benefits including (but not limited to) Private Medical Cover, a complimentary GP service and the support of Mental Health First Aiders


• Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), healthcare plans and travel insurance


• The opportunity to support our CSR strategy which is focused on combatting climate change and achieving greater social justice. You can make donations to our partner organisations or take part in corporate volunteering opportunities in your local communities by providing on hand support.

DWS’ Hybrid Working model in the UK is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Employees who wish to sign-up to our Hybrid Working model are required to work in the office two days a week, and given the flexibility to work from home for the remaining three.

Some business groups may need you to spend more time in the office, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

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.