Associate

Deutsche Bank AG; New York (NY); On-site; USD 150,000 - 170,000; Full time

Benefits offered by this job

Employee Referral Incentive Program

Job summary

Deutsche Bank Securities, Inc. seeks an Associate in New York, NY to act as a market maker by providing liquidity to clients in Credit Derivatives while building a client franchise to expand market share.

A Bachelor’s degree in Finance or related field is required, with two years of experience in CDS/CDX pricing and liquidity provision to institutional clients. The role emphasizes real-time market data usage, quantitative pricing techniques, and risk analytics across multiple risk types,

Qualifications

• Bachelor's degree in Finance or related field, or equivalent.
• 2 years of experience executing complex credit derivatives transactions (CDS/CDX).
• Ability to provide liquidity and pricing to institutional clients using real-time market data and quantitative techniques.
• Experience with risk analytics across multiple risk types such as spread, curve, jump, and index-to-constituent risk.
• Proficiency in time-series analysis of credit spreads and index levels to identify trading opportunities.

Responsibilities

• Act as a market maker by providing liquidity to clients in Credit Derivatives.
• Build a client franchise to expand Deutsche Bank's market share in credit products.
• Execute complex CDS transactions and price to clients using real-time data.
• Analyze market conditions and Trading flows to generate trade ideas and support client transactions.
• Monitor portfolio risk exposures and P&L drivers across risk types; output insights and strategies.

Skills

Credit derivatives

Python programming

Market making

Education

Bachelor's degree in Finance or related field

Tools

Python

Hazard-rate models

Survival probability curves

Job description

Job Description:Job Title: AssociateLocation: New York, NYOverviewDeutsche Bank Securities, Inc. seeks an Associate in New York, NY to serve as a market maker by providing liquidity to clients in Credit Derivatives while building a client franchise to expand market share. Requires a Bachelor’s degree in Finance, or related field, or equivalent, and two (2) years of experience executing complex credit derivatives transactions, including Credit Default Swaps (CDS) and Credit Default Swap Index (CDX); providing liquidity and pricing to institutional clients using real- time market data, quantitative pricing techniques including hazard-rate models, survival probability curves, and recovery assumptions, and risk analytics; analyzing market conditions, supply-demand dynamics, and trading flows to generate trade ideas and support client transactions; monitoring portfolio risk exposures and P&L drivers across multiple risk types, including spread risk, curve risk, jump risk, and index-to-constituent risk; conducting time-series analysis of credit spreads and index levels to identify trading opportunities and market regimes, leveraging Python and Merton pricing model; facilitating trade execution and identifying sources of liquidity to ensure efficient order fulfillment, minimize market impact, and optimize pricing; delivering market intelligence, pricing insights, and trade execution services to institutional clients; and conducting credit research and fundamental analysis on corporate issuers by evaluating financial statements, capital structures, industry conditions, and event-driven credit developments to assess default risk and determine relative value. Salary range: $150,000.00 – $170,000.00/year. This position is eligible for Deutsche Bank's Employee Referral Incentive Program.Deutsche Bank BenefitsAt Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!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.Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view \"Deutsche Bank’s Equal Opportunity Policy Statement\" and the following notices: \"EEOC Know Your Rights\" ; \"Employee Rights and Responsibilities under the Family and Medical Leave Act\" ; and \"Employee Polygraph Protection Act\"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.Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; and Employee Polygraph Protection Act .