Associate Trader - CMO Derivatives Desk

Deutsche Bank; New York (NY); Hybrid; USD 140,000 - 170,000; Full time

Benefits offered by this job

Hybrid work model

Health and retirement benefits

Parental leave and family building

Volunteer programs

Job summary

Deutsche Bank in New York, NY is seeking an Associate Trader for the CMO Derivatives Desk. The role offers hands-on exposure to mortgage derivatives, trade execution, risk management, and desk strategy development.

You will work with senior traders on idea generation and customer engagement, develop trading tools, and leverage Python and Excel/VBA to automate processes. Hybrid work model applies.

Qualifications

• Bachelor’s degree in Mathematics, Finance, Economics, Engineering, Physics, or Computer Science.
• Proficient experience in securitized products or fixed income.
• Strong quantitative and analytical skills with an interest in mortgage markets.
• Familiarity with Python and Excel/VBA.
• Excellent communication and interpersonal skills for a fast-paced trading environment.
• Proven ability to leverage AI tools to enhance productivity while applying ethical data use.

Responsibilities

• Support trade execution, risk management, and P&L reporting for the CMO Derivatives desk.
• Analyze market trends, prepayment dynamics, customer flows and relative value opportunities.
• Develop and maintain trading tools, analytics, and process automation using Python and Excel/VBA.
• Partner with risk, operations, technology, and compliance teams to support desk operations.

Skills

Quantitative analysis

Python

Excel/VBA

Strong communication

AI tools usage

Team collaboration

Education

Bachelor’s degree in Mathematics, Finance, Economics, Engineering, Physics, Computer Science

Tools

Bloomberg

Yield Book

Intex

Job description

Job Description:

Job Title Associate Trader - CMO Derivatives Desk

Corporate Title - Associate

Location

New York, NY

Position Type

Full-Time

Position Overview

We are seeking a motivated and analytical Associate Trader to join our CMO Derivatives trading desk. The role provides hands-on exposure to mortgage derivatives markets, trade execution, relative value analysis, risk management, and desk strategy development. The candidate will work closely with senior traders to support daily trading activities and contribute to idea generation and customer engagement.

What We Offer You

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits

• Educational resources, matching gift, and volunteer programs

What You’ll Do

• Support trade execution, risk management, P&L reporting for the CMO Derivatives desk.
• Analyze market trends, prepayment dynamics, customers flows and relative value opportunities.
• Develop and maintain trading tools, analytics, and process automation using Python and Excel/VBA.
• Partner with risk, operations, technology, and compliance teams to support efficient desk operations.

Skills You’ll Need

• Bachelor’s degree in Mathematics, Finance, Economics, Engineering, Physics, Computer Science, or a related quantitative field with strong academic performance
• Proficient experience in securitized products, fixed income, or a related analytical role
• Strong quantitative and analytical skills with an interest in mortgage markets
• Familiarity with Python and Excel/VBA
• Excellent communication and interpersonal skills and ability to work in a fast-paced trading environment
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

• Exposure to Agency MBS, CMOs, CMO Derivatives, CMBS, RMBS, interest rate derivatives, or other securitized products
• Familiarity with Bloomberg, Yield Book, Intex or similar fixed-income analytics platform

Expectations

It is the Bank's expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank's hybrid working model.

Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York, NY is $140,000-$170,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

Deutsche Bank Benefits

At 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!

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

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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.