Associate

Deutsche Bank•New York, NY

23d•$150,000 - $170,000•Onsite

About The Position

Deutsche Bank Securities, Inc. seeks an Associate in New York, NY to serve as a market maker by providing liquidity to clients in Credit Derivatives while building a client franchise to expand market share. This role involves executing complex credit derivatives transactions, providing liquidity and pricing to institutional clients, analyzing market conditions, monitoring portfolio risk, conducting time-series analysis, facilitating trade execution, delivering market intelligence, and conducting credit research. The goal is to assess default risk and determine relative value.

Requirements

Bachelor’s degree in Finance, or related field, or equivalent.
Two (2) years of experience executing complex credit derivatives transactions, including Credit Default Swaps (CDS) and Credit Default Swap Index (CDX).
Experience providing liquidity and pricing to institutional clients using real-time market data, quantitative pricing techniques including hazard-rate models, survival probability curves, and recovery assumptions, and risk analytics.
Experience analyzing market conditions, supply-demand dynamics, and trading flows to generate trade ideas and support client transactions.
Experience monitoring portfolio risk exposures and P&L drivers across multiple risk types, including spread risk, curve risk, jump risk, and index-to-constituent risk.
Experience conducting time-series analysis of credit spreads and index levels to identify trading opportunities and market regimes, leveraging Python and Merton pricing model.
Experience facilitating trade execution and identifying sources of liquidity to ensure efficient order fulfillment, minimize market impact, and optimize pricing.
Experience delivering market intelligence, pricing insights, and trade execution services to institutional clients.
Experience conducting credit research and fundamental analysis on corporate issuers by evaluating financial statements, capital structures, industry conditions, and event-driven credit developments to assess default risk and determine relative value.

Responsibilities

Serve as a market maker by providing liquidity to clients in Credit Derivatives.
Build a client franchise to expand market share.
Execute complex credit derivatives transactions, including Credit Default Swaps (CDS) and Credit Default Swap Index (CDX).
Provide liquidity and pricing to institutional clients using real-time market data, quantitative pricing techniques, and risk analytics.
Analyze market conditions, supply-demand dynamics, and trading flows to generate trade ideas and support client transactions.
Monitor portfolio risk exposures and P&L drivers across multiple risk types.
Conduct time-series analysis of credit spreads and index levels to identify trading opportunities and market regimes.
Facilitate trade execution and identify sources of liquidity to ensure efficient order fulfillment, minimize market impact, and optimize pricing.
Deliver market intelligence, pricing insights, and trade execution services to institutional clients.
Conduct credit research and fundamental analysis on corporate issuers to assess default risk and determine relative value.