Internship RMS FX desk - Milan (f/m/x)

Deutsche Bank; Lombardia; On-site; EUR 8,900 - 13,000; Full time

Benefits offered by this job

Monthly expense allowance

Meal vouchers

Job summary

Deutsche Bank in Italy offers a six-month internship on the RMS FX desk, starting November 2026. You will analyze client risk exposures, support risk management strategies, and gain hands-on experience across FX, commodities, and rates while collaborating with sales and trading teams.

The program emphasizes client coverage, market updates, and exposure to the full trade process, including pricing, onboarding, and documentation, with a focus on responsible use of AI tools.

Qualifications

• Bachelor’s degree in Finance, Business Administration, or related field; near completion of a Master’s in Finance.
• Strong quantitative aptitude with interest in financial markets.
• Clear, accurate communicator comfortable in client-facing situations.
• Fluency in English (written and spoken) is essential.
• Commercial acumen and self-motivation with drive for new opportunities.
• Nice to have: experience on a fixed income or macro products desk.
• Proven ability to leverage AI tools to enhance productivity and ethical use of data.

Responsibilities

• Analyze complex client risk exposures and contribute to tailored risk management strategies.
• Assist in cultivating client relationships through idea-driven coverage and updates.
• Collaborate with Corporate Finance and Capital Markets to originate new risk management business.
• Gain exposure to the trade process: documentation, onboarding, credit approval, pricing, execution.
• Support preparation of client presentations, financial analyses, and term sheets.
• Work with Rates and Commodities desks to broaden understanding of integrated risk solutions.

Skills

Quantitative aptitude

Client-facing communication

English fluency

Commercial acumen

AI tools usage

Education

Bachelor’s degree in Finance/Business

Near completion of Master’s in Finance

Job description

Job Description:

For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities.

Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management division.

Together we can make a great impact for our clients home and abroad, securing their lasting success and financial security.

Our RMS FX desk is a leader in structuring and marketing Foreign Exchange, Cash, and Derivatives hedges to a diverse portfolio of European corporate clients. You’ll work with multinational investment-grade and high-yield companies across various sectors, including healthcare, consumer goods, technology, media & telecom, industrials, infrastructure, and energy. While the primary focus is FX, this internship offers unique exposure to ourCommodities and Rates desks across EMEA, providing a holistic understanding of risk management across different asset classes.

We are specifically focused on helping clients manage FX risk associated with:

FX budget hedging.

Asset/Liability hedging.

Special situations impacting corporate FX exposure.

Learning Objectives

• Analyze complex client risk exposures and contribute to the development of tailored risk management strategies.
• Assist in cultivating strong client relationships through continuous, idea-driven coverage and customized updates on market developments.
• Collaborate with Corporate Finance and Capital Markets professionals to originate new risk management business, supporting clients’ strategic and geographic expansion initiatives.
• Gain exposure to all aspects of the trade process, including documentation, onboarding, credit approval, derivatives pricing, execution and restructuring.
• Support the preparation of compelling client presentations, financial statement analysis, and term sheets.
• Work closely with our Rates and Commodities desks, broadening your understanding of integrated risk solutions.

Requirements

• Bachelor’s degree in Finance, Business Administration, or a related field, with near completion of a Master’s in Finance.
• A strong quantitative aptitude and keen interest in financial markets.
• Clear, accurate, and confident communicator comfortable in client-facing situations.
• Fluency in English (both written and spoken) is essential.
• Commercial acumen, self‑motivated with a strong drive for new business opportunities.
• Prior Experience (Nice to have):Previous experience on a fixed income or macro products desk.
• 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.

Start Date: November 2026, 6 months internship

Monthly expense allowance and meal vouchers are provided

Well-being & Benefits

Emotionally and mentally balanced:We encourage work-life balance and we are committed to providing an environment with your development and wellbeing at its centre. We support you in dealing with life crises, maintaining stability through illness, and maintaining good mental health. We promote a culture where you can openly speak about mental health.

Physically thriving:We support you in managing your physical health by taking appropriate preventive measures.

Socially connected:We strongly believe in collaboration, inclusion and feeling connected to open up new perspectives and strengthen our self-confidence and well‑being; we organize conferences, webinar and networking opportunities to share diversity, equity and inclusion contents.

Financially secure:We support you in meeting personal financial goals during your active career and for the future.

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.