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 partnershipEnsuring that the reasoning, thought process and investigation behind all work is well understood and agreed uponPerforming quantitative data analysis, model building and subsequent optimization of pricing and risk management for the client franchiseSupervision of algorithm bookrunners, continuous optimization of algo hyperparameters and trading modelsEnsuring compliance with all relevant regulatory aspects of the e-trading businessHow 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 platformSkills 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 teamAble to articulate ideas confidently and concisely to enable effective communication across multiple teams and functionsExperience 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 outcomesExperience in UST bonds and government bond futures and understanding of the institutional bond market is an advantageA good understanding of cross-asset cash and derivative products, across markets and the skills to solve complex business problemsSkills 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 qualificationsExperience in municipal bonds and municipal derivatives and understanding of the institutional bond market is an advantageExcellent presentational skillsStrong 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.
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.