Junior Trader – Agency CMO & MBS Desk

Deutsche Bank•New York, NY

2d•$110,000 - $125,000•Hybrid

About The Position

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.

Requirements

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
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

Nice To Haves

Proficient work experience within securitized products is ideal

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

Benefits

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
family building benefits
Educational resources
matching gift
volunteer programs