Flow Credit Trader - Director

Deutsche Bank; New York (NY); Hybrid; USD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Flow Credit Trader to provide liquidity in credit bonds for a diverse client base. In this dynamic role, you will engage in market-making activities, manage various risks, and collaborate closely with sales teams to enhance the franchise across corporate and financial institutions. The position offers a hybrid working model, allowing flexibility between in-office and remote work. Join a forward-thinking organization that values diversity and inclusion while providing competitive compensation and comprehensive benefits. This is a unique opportunity to thrive in a challenging yet rewarding environment.

Benefits

Generous vacation

Personal and volunteer days

Health and wellbeing benefits

Retirement savings plans

Parental leave

Family building benefits

Educational resources

Matching gift programs

Volunteer programs

Qualifications

• Proven experience in Flow Credit trading and market making.
• Deep expertise in credit bonds and knowledge of credit default swaps.

Responsibilities

• Make markets in hard currency emerging markets credit bonds.
• Monitor rate volatility markets and develop hedging strategies.

Skills

Flow Credit Trading

Market Making

Credit Bonds

Quantitative Skills

Client Engagement

Risk Management

Fluency in English

Tools

MarketAxess

Bloomberg

Job description

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
• Monitor all rate volatility markets and identify 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
• Work with relevant analytical teams to develop new algorithms and liaise with various internal control functions to manage the trade through its life cycle; take ownership of traded products and ensure they are modelled correctly in systems

Skills You'll Need

• Proven experience in a Flow Credit trading and market making business, employed in a 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 Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

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!

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