Junior Trader - Agency CMO & MBS Desk

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

Benefits offered by this job

Hybrid work model

Generous vacation days

Employee Resource Groups

Health & retirement benefits

Educational resources & volunteering

Job summary

Deutsche Bank in New York, NY is seeking a highly motivated Junior Trader to join our Agency CMO and MBS trading desk. This early career opportunity offers exposure to structured products, fixed-income markets, and trade execution while working with senior traders.

The role focuses on supporting daily desk operations, managing trade lifecycles, risk management, and developing desk tools. The bank promotes hybrid work, comprehensive benefits, and opportunities for growth.

Qualifications

• Bachelor’s degree in mathematics, finance, or related quantitative field.
• Strong academic record with high GPA.
• Familiarity with Python, VBA, and data analysis.

Responsibilities

• Assist with trade booking, position reconciliation, and daily P&L reporting.
• Monitor market data, yield curves, prepayment speeds, and macro indicators.
• Develop and optimize desk tools, databases, and automated workflows.
• Coordinate with middle office, risk, compliance, and technology teams to resolve issues.

Skills

Python

VBA

Quantitative degree

AI tools

Education

Undergraduate degree in mathematics/finance

Tools

Python

Job description

Job Title Junior Trader - Agency CMO & MBS Desk

Corporate Title - Analyst

Location New York, NY

Position Type Full-Time

Position Overview

We are seeking a highly motivated and analytical Junior Trader to join our Agency CMO and MBS trading desk. This is an early career opportunity designed for an individual looking to develop a deep understanding of structured products, fixed-income markets, and trade execution. The candidate will work directly with senior traders and the team to support daily desk operations, manage trade lifecycles, and assist in risk management.

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

• Assist senior traders with trade booking, position reconciliation, daily P&L reporting, and daily risk reporting
• Monitor market data, yield curves, prepayment speeds, and macroeconomic indicators to identify trading opportunities and risks
• Develop and optimize desk tools, databases, and automated workflows to streamline trading processes
• Liaison with middle office, risk management, compliance, and technology teams to resolve settlement issues and ensure smooth operational flow

Skills You'll Need

• Recent undergraduate degree with a strong academic performance, including a high GPA with a background in mathematics, finance, or a related quantitative discipline
• Familiar with Python, VBA, and other programming languages
• Proficient work experience within securitized products is ideal
• 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

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 110,000k-125,000k. 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.

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].

#LI-HYBRID

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. Deutsche Bank's Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.