Quant Trader- E- Trading Municipal Bonds - Director

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

Benefits offered by this job

Hybrid work model

Competitive compensation

Health & wellbeing benefits

Retirement savings plans

Educational resources

Job summary

Deutsche Bank in New York, NY is seeking a senior Quant Trader for the Municipals e-Trading team within Rates Trading. The role focuses on automated pricing, trading, and hedging for Municipal bonds across client and interdealer markets, blending deep quantitative research with coding and data analysis.

You'll design and implement electronic trading strategies, analyze market data, optimize pricing and risk models, and ensure regulatory compliance while collaborating with engineering, voice

Qualifications

• Experience in municipal bonds and municipal derivatives is advantageous
• Strong coding and data-analytic background
• Experience with automated market making in flow products
• Background in pricing and risk management for liquid markets
• Knowledge of UST bonds and government bond futures is a plus

Responsibilities

• Develop electronic and automatic trading strategies for municipal bonds.
• Analyze market data, design algorithms, and optimize pricing and risk.
• Supervise algorithm bookrunners and tune hyperparameters.
• Ensure regulatory compliance of e-trading activities.

Skills

Quantitative analysis

Trading experience

Programming (KDB/q)

Programming (Python)

Programming (R)

Programming (Java/C++)

Education

BSc/MSc/PhD in a relevant field

Tools

KDB/q

Python

R

Java/C++

Job description

Job Title: Quant Trader- E- Trading Municipal Bonds

Corporate Title: Director

Location: New York, NY

Overview

The Municipals e-Trading team that is part of the Rates Trading division is looking to hire a senior quant researcher focusing on automated electronic trading of Municipal bonds. The focus of the role is on automated pricing, trading, and hedging for Municipal bonds both in the customer (dealer to client) and interdealer (dealer to dealer) markets. The role is highly technical, quantitative, and focused on idea generation and data analysis, requiring coding skills and a strong analytical background including statistics. Experience in automated market making in flow products is essential, domain specific knowledge in Municipal bonds is an advantage.

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

• Working as part of interest rates quant team on all aspects of electronic and automatic trading strategy including customer, competitor and market analysis, algorithm design and implementation, voice trader partnership
• Ensuring that the reasoning, thought process and investigation behind all work is well understood and agreed upon
• Performing quantitative data analysis, model building and subsequent optimization of pricing and risk management for the client franchise
• Supervision of algorithm bookrunners, continuous optimization of algo hyperparameters and trading models
• Ensuring compliance with all relevant regulatory aspects of the e-trading business

How You'll Lead

• Working with partners across the Bank including engineering and technology, voice trading, and the broad quantitative trading community to further develop the capabilities of the platform

Skills You'll Need

• Positive and pragmatic can-do attitude in all scenarios, from taking the initiative as a proactive self-starter, to working well with others in a highly collaborative team
• Able to articulate ideas confidently and concisely to enable effective communication across multiple teams and functions
• Experience of quantitative analysis, trading or research including subjects such as pricing and risk management for liquid financial markets, balancing the trade‑off between improving research results and translating them into business outcomes
• Experience in UST bonds and government bond futures and understanding of the institutional bond market is an advantage
• A good understanding of cross‑asset cash and derivative products, across markets and the skills to solve complex business problems

Skills That Will Help You Excel

• Relevant analytical and numerate education such as a Bachelor of Science (BSc)/Master of Science (MSc)/Doctor of Philosophy Degree (PhD) or the equivalent work experience or qualifications
• Experience in municipal bonds and municipal derivatives and understanding of the institutional bond market is an advantage
• Excellent presentational skills
• Strong computing and programming (coding) skills and experience, utilizing programming languages such as KDB/q and Python/R, with algo coding skills desirable (Java or C++)

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 $200,000 to $485,000. 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.

Learn more about your life at Deutsche Bank through the eyes of our current employees: https://careers.db.com/life

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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. Click these links to view 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.