Flow Credit Trader - Director

Deutsche Bank AG; New York (NY); Hybrid; USD 200,000 - 485,000; Full time

Benefits offered by this job

Hybrid work model

Competitive compensation

Health and wellbeing benefits

Retirement savings plans

Parental leave

Job summary

Deutsche Bank AG in New York seeks a Flow Credit Trader at Director level to provide liquidity in USD/EUR credit bonds for institutional clients, manage trading book risk, and sign off on P&L and controls. The role emphasizes market making in EM credit and cross-asset hedging ideas within a regulated trading environment.

The position requires a track record of client engagement, collaboration with sales and analytics, and an ability to lead trading activities across markets while working in a

Qualifications

• Proven experience in a Flow Credit trading and market making business.
• Experience with US/EEA/UK clients.
• Deep knowledge of High Yield credit bonds.
• Strong client engagement and market making on electronic platforms.
• Strong quantitative skills and risk management in trading books.
• Fluency in English (other region languages desirable).

Responsibilities

• Make markets in hard currency EM credit bonds on voice and electronic platforms; manage market, credit, rates, FX, and counter-party risk in the trading book.
• Identify trade ideas across rate volatility markets and develop hedges.
• Trade illiquid securities between clients and manage warehousing risk (agency trading).
• Collaborate with sales to grow the franchise across corporate and financial institutions; liaise with analytics and control functions to lifecycle trades.

Skills

Flow credit trading

Market making

Emerging Markets

Quantitative skills

English fluency

Tools

MarketAxess

Bloomberg

Excel

Job description

Job Title

Flow Credit Trader Corporate Title Director

Location

New York, NY

Overview

The Global Emerging Markets business covers a comprehensive Emerging Markets (EM) product suite of Foreign Exchange (FX), Rate and Credit from vanilla to complex products. It also provides financing solutions spanning capital markets, loans, and asset-backed financing, from investment grade to distressed. In this role, you will be providing liquidity in United States Dollar/Euro denominated credit bonds to Deutsche Bank clients who range from financial institutions to corporates and execution, trade capture and Risk/Profit and Loss signoff for the trading books.

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

• Make markets in hard currency emerging markets credit bonds over voice and electronic platforms like MarketAxess and Bloomberg and manage market, credit, interest rates, FX, basis, gap, and counter-party risk in the trading book
• Monitoring all rate volatility markets and identifying trade ideas between different markets plus ability to develop hedging strategies
• Market and cross illiquid securities between clients with or without warehousing risk (agency trading)

How You'll Lead

• Work closely with sales to grow the franchise across corporate and financial institutions
• Working with relevant analytical teams to develop new algorithms and liaising with various internal control functions to manage the trade through its life cycle; take ownership of traded products and ensure modelled correctly in systems

Skills You'll Need

• Proven experience in a Flow Credit trading and market making business, employed in regulated trading role, and worked with United States, European Economic Area, and United Kingdom clients
• Deep expertise in credit bonds issued by High Yield rated issuers, deep knowledge of Credit Markets and knowledge of LatAm Emerging Markets, knowledge of credit default swaps
• Strong track record of client engagement and established track record of market making on electronic platforms
• Strong quantitative skills (preferably in econometrics) and product knowledge and an understanding and proficiency managing risk in trading books
• Fluency in English mandatory, knowledge of other languages from the region desirable

Skills That Will Help You Excel

• Excellent communication skills, both written and spoken
• Self-motivated
• Self-starter

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 City is $200K to $485K. 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.

Additional Information

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life 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]. 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. We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision. 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)