Associate Trader – CMO Derivatives Desk

Deutsche Bank AG; Town of Columbus (NY); Hybrid; USD 140,000 - 170,000; Full time

Benefits offered by this job

Hybrid work model

Competitive benefits

Job summary

Deutsche Bank AG in New York, NY seeks an Associate Trader for the CMO Derivatives desk. You will support daily trading, risk management, and idea generation alongside senior traders.

The role focuses on mortgage derivatives markets, trade execution, and desk strategy development, with hands-on exposure to analytics, P&L reporting, and cross-functional collaboration. This position offers a hybrid work arrangement and competitive benefits.

Qualifications

• Bachelor's degree in Mathematics, Finance, Economics, Engineering, Physics, Computer Science, or related quantitative field.
• Proficient experience in securitized products, fixed income, or related analytical role.
• Strong quantitative and analytical skills with 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 responsible 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

Mortgage markets

Analytical skills

AI tools usage

Communication skills

Python

Education

Bachelor's degree in a quantitative field

Tools

Python

Excel/VBA

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.

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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.

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

More information at: Deutsche Bank Careers (db.com)