Junior Desk Strategist – Agency CMO & MBS Desk

Deutsche Bank; New York (NY); Hybrid; USD 110,000 - 125,000; Full time

Benefits offered by this job

Hybrid working model

Generous vacation

Personal and volunteer days

Health and wellbeing benefits

Retirement savings plans

Educational resources

Volunteer programs

Job summary

Deutsche Bank in New York, NY is seeking a Junior Desk Strategist to join the Agency CMO & MBS Desk, focusing on market analysis, relative value ideas, and risk assessment. You will collaborate with senior strategists, traders, and salespeople to identify opportunities and communicate insights.

The role emphasizes quantitative work, data automation, and use of AI tools to improve decision-making and efficiency. Hybrid work model with possible in-office and remote arrangements.

Qualifications

• Evaluate Agency MBS and CMO valuation drivers, including macroeconomic conditions, prepayments, supply/demand dynamics, and policy developments, to support desk positioning and investment idea generation.
• Build and maintain data tools, datasets, models, and automation workflows to improve output quality, scalability, and turnaround time.
• Partner with risk management, modeling, and technology teams to enhance desk analytics, improve infrastructure, and support strategic business initiatives.
• Apply AI tools to accelerate and improve data workflows, and enhance investment decision-making. Communicate market views, relative value opportunities, and data findings to traders, salespeople, and clients.

Responsibilities

• Identify market opportunities and evaluate risk/reward tradeoffs, communicating insights to internal and external clients.

Skills

Agency MBS valuation

CMO valuation drivers

Python skills

Excel/VBA

AI productivity tools

Data modeling

Strong communication

Education

Finance/Economics degree

Tools

Python

Excel

VBA

Job description

Position Overview

We are seeking a highly motivated and analytical Junior Desk Strategist to join our Agency CMO and MBS trading desk. The role offers a career opportunity in Agency MBS and CMO markets through market analysis, relative value idea generation, and risk assessment. They will work closely with the senior strategist, traders, and salespeople to identify market opportunities, evaluate risk/reward tradeoffs, and communicate market insights to internal and external clients.

Job Title

Junior Desk Strategist – Agency CMO & MBS Desk

Corporate Title

Analyst

Location

New York, NY

Position Type

Full-Time

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

Skills You’ll Need

• Evaluate Agency MBS and CMO valuation drivers, including macroeconomic conditions, prepayments, supply/demand dynamics, and policy developments, to support desk positioning and investment idea generation.
• Build and maintain data tools, datasets, models, and automation workflows to improve output quality, scalability, and turnaround time.
• Partner with risk management, modeling, and technology teams to enhance desk analytics, improve infrastructure, and support strategic business initiatives.
• Apply AI tools to accelerate and improve data workflows, and enhance investment decision-making. Communicate market views, relative value opportunities, and data findings to traders, salespeople, and clients.

Skills That Will Help You Excel

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, Engineering, Computer Science, or a related quantitative discipline
• Proficient experience in securitized products, fixed income, quantitative research, or a related data field
• Strong quantitative and investigative skills with the ability to evaluate complex market relationships and risk factors
• Proficiency in Python and Excel/VBA; experience with data analysis, automation, and quantitative modeling
• Familiarity with AI-assisted research and productivity tools & 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
• Strong written and verbal communication skills with the ability to convey complex ideas clearly and concisely

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 $110,000 to $125,000. 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.

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.

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