Junior Trader - Agency CMO & MBS Desk (Hybrid NY)

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

Benefits offered by this job

Hybrid work model

Generous vacation

Volunteer days

Health & retirement benefits

Educational resources

Job summary

Deutsche Bank in New York, NY is seeking a Junior Trader for the Agency CMO & MBS Desk to support senior traders, manage trade lifecycles, and assist in risk management. The role offers hybrid in-office and remote work, with a focus on developing expertise in structured finance and fixed-income trading.

You will collaborate with risk, middle office, and technology teams while building desk tools and automated workflows. A strong math/finance background and programming skills are required.

Qualifications

• 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.

Responsibilities

• 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

Python

VBA

AI tools

Trading desk experience

Education

Undergraduate degree in mathematics/finance/quantitative field

Tools

Securitized products platforms

Job description

Deutsche Bank in New York, NY is seeking a Junior Trader for the Agency CMO & MBS Desk to support senior traders, manage trade lifecycles, and assist in risk management. The role offers hybrid in-office and remote work, with a focus on developing expertise in structured finance and fixed-income trading.

You will collaborate with risk, middle office, and technology teams while building desk tools and automated workflows. A strong math/finance background and programming skills are required.