Quant Trader- E- Trading Municipal Bonds - Director

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

Benefits offered by this job

Diversity and inclusion initiatives

Hybrid working model

Volunteer programs and educational资源

Health and retirement benefits

Job summary

Deutsche Bank AG in New York, NY seeks a senior Quant Trader for the Municipals e-Trading team, focusing on automated pricing, trading, and hedging of Municipal bonds in dealer-to-client and interdealer markets.

The role emphasizes quantitative analysis, data-driven idea generation, and coding across KDB/q, Python, and R, with strong programming requirements. Hybrid work, generous benefits, and leadership opportunities accompany the position.

Qualifications

• Strong background in quantitative analysis and statistics.
• Experience with electronic trading or market making is essential.
• Domain knowledge in Municipal bonds is advantageous.

Responsibilities

• Develop and optimize automated trading strategies for Municipal bonds.
• Perform data analysis, model building, and pricing/risk optimization.
• Supervise algorithm bookrunners and refine trading models.
• Ensure compliance with regulatory aspects of e-trading.

Skills

Proactive self-starter

Communicate ideas clearly

Quantitative analysis

Pricing and risk management

Cross-asset understanding

Education

Bachelor's degree in a quantitative field

Master's or PhD in a related discipline

Tools

KDB/q

Python

R

Java

C++

Job description

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 Muni electronic trading 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 $200K to $485K. 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

#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.

More information at: Deutsche Bank Careers (db.com)