Fixed Income Trader/Portfolio Manager

Deutsche Bank AG; New York (NY); On-site; USD 150,000 - 180,000; Full time

Benefits offered by this job

Hybrid work model

Generous vacation

Personal and volunteer days

Health and wellbeing benefits

Retirement savings plans

Job summary

Deutsche Bank AG in New York is seeking a Fixed Income Trader/Portfolio Manager to support discretionary portfolio management for client accounts. The role partners with portfolio managers, investment managers, and bankers to construct and oversee intermediate duration fixed income accounts.

The position requires strong market knowledge, credit spreads, and fluency with trading systems. It offers a hybrid work model and competitive compensation, with potential for growth within Wealth Management.

Qualifications

• Understanding of financial markets and interest rate trends.
• Ability to construct and manage separately managed fixed income portfolios.
• Experience using trading and portfolio management systems.

Responsibilities

• Collaborate with portfolio managers and analysts to understand client needs and mandates.
• Buy and sell bonds for client portfolios with focus on corporate, Treasury and Agency securities.
• Develop and maintain relationships with Investment Managers, Relationship Managers, and clients.

Skills

Financial markets understanding

Credit markets knowledge

Portfolio construction

Communication and presentation

Team collaboration

Trading systems proficiency

Education

Finance/economics degree

Tools

Bloomberg

InvestorTools Perform

Job description

Job Title

Fixed Income Trader/Portfolio Manager
Corporate Title: Vice President
Location: New York, NY

Overview

Wealth Management business supports clients of Deutsche Bank in the areas of wealth advisory, discretionary, trust planning, custody, and brokerage as well as the deposit business with combined $75bn AUM. Fixed Income Portfolio Management is part of Wealth Management’s Discretionary Portfolio Management team and provides investment management services for clients of the bank. You will be an integral part of the team working to deliver Portfolio Management expertise to these clients.

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

• Work closely with portfolio managers, investment managers, and bankers in the construction and oversight of intermediate duration separately managed fixed income accounts
• Collaborate with portfolio managers and analysts to understand client needs and account mandates
• Buy and sell bonds for client portfolios with specific attention to corporate bonds, Treasury and Agency securities
• Develop and maintain strong relationships with Investment Managers, Relationship Managers, and clients, among others

Skills You’ll Need

• Understanding of the financial markets, economic indicators, interest rate trends to inform trading decisions
• A solid understanding of the credit markets, spreads
• Ability to construct and manage separately management account portfolios
• Become fluent in all trading and portfolio management systems utilized by the fixed income team
• An understanding of the dynamics impacting fixed income markets and ability to effectively communicate and present this knowledge to prospects, clients, and internal partners
• Solid communication skills with the ability to present market overviews / updates in client and department meetings

Skills That Will Help You Excel

• Detail oriented in documentation, pricing and execution
• Strong team player
• Experience with Bloomberg, InvestorTools (Perform)
• Understand the complete product set offered by the Discretionary Portfolio Management department and the Private Bank
• Self-motivated to learn

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York 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.

Salary

The salary range for this position in NewYork, NY is $150k-$180k. 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.

Equal Opportunity Statement

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.

Privacy Notice

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice, please email [e-mail].

Company Culture

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)