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- Tasks: Manage and grow investment products while collaborating with Sales and Structuring teams.
- Company: Deutsche Bank, a leading global bank with a commitment to diversity and inclusion.
- Benefits: Competitive salary, generous holiday, private healthcare, and flexible benefits.
- Why this job: Join a dynamic trading desk and make an impact in emerging markets.
- Qualifications: Experience in trading structured credit and strong understanding of CEEMEA markets.
- Other info: Continuous learning culture with excellent career development opportunities.
The predicted salary is between 72000 - 108000 £ per year.
You will join our Cross Markets Solutions (CMS) Trading desk within the Global Emerging Markets (GEM) franchise, operating at the intersection of flow and structured product across local rates, FX and credit. As a VP Trader with a primary focus on distribution and risk management of investment products, you will manage and grow our Credit Linked Note (CLN) and repack business—pricing, risk‑taking and scaling distribution to international investors—while also supporting pricing and risk management in rates exotics and EM Currency Eurobond trading (supranational focus). You will collaborate closely with Sales and Structuring to originate client flows, manage day‑to‑day risk and P&L, and help scale a diverse Emerging Markets platform serving Central Eastern Europe, Middle East, and Africa (CEEMEA) clients and global buyers.
Your key responsibilities:
- Daily risk management of CLN/repack/EMTN books, including hedging, gamma management, scenario analysis and P&L attribution.
- Provide consistent pricing and market‑making across CLNs, EMTN, repacks, callables and other rates exotics.
- Partner with Sales/Structuring to originate and distribute investment products (across CLN, Repack, EMTN) to international investors (including distributors) and onshore CEEMEA clients.
- Oversee trade booking, model selection/calibration and inventory; act as primary contact for Risk, Legal and Control functions.
- Coordinate with XVA, Funding and Flow desks to optimise hedging, collateral usage and balance sheet efficiency.
- Ensure robust governance on documentation and adherence to regulatory conduct standards.
Your skills and experience:
- Experience in trading experience spanning flow and structured credit; hands‑on background in CLNs, repacks, CDS, and EM Currency Eurobonds; rates exotics experience a plus.
- Strong understanding of CEEMEA local markets across rates, FX and credit and how they interact in structured solutions.
- Demonstrable risk‑taking with daily P&L ownership; proficient in hedging non‑linear risks and managing model risk.
- Experience working with complex documentation, bespoke structures and associated control frameworks.
- Experience directly interacting with clients, promoting trade ideas, and originating flows.
- Clear, inclusive communication style and proven collaboration with Sales, Structuring, and Risk functions.
How we’ll support you:
- Training and development to help you excel in your career.
- Coaching and support from experienced practitioners across Emerging Markets.
- A culture of continuous learning and progression.
- Access to a world class FIC and Emerging Market platform with strengths in both structured and flow products.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
Complex Trader employer: Deutsche Bank
Contact Detail:
Deutsche Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Complex Trader
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at Deutsche Bank. A friendly chat can open doors and give you insider info on the role.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of CLNs, repacks, and EM Currency Eurobonds. Show us you know your stuff and can handle the complexities of the role!
✨Tip Number 3
Practice your communication skills! You’ll need to collaborate with Sales and Structuring, so being clear and inclusive in your discussions is key. Mock interviews can help you nail this.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team.
We think you need these skills to ace Complex Trader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Complex Trader role. Highlight your trading experience, especially in CLNs and EM Currency Eurobonds, to catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about trading and how your background makes you a perfect fit for our Cross Markets Solutions desk.
Showcase Your Collaboration Skills: Since this role involves working closely with Sales and Structuring, emphasise any past experiences where you've successfully collaborated with teams. We love seeing teamwork in action!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!
How to prepare for a job interview at Deutsche Bank
✨Know Your Products Inside Out
As a Complex Trader, you need to be well-versed in Credit Linked Notes (CLNs), repacks, and EM Currency Eurobonds. Brush up on the latest market trends and pricing strategies. Being able to discuss these topics confidently will show your expertise and passion for the role.
✨Demonstrate Risk Management Skills
Prepare to discuss your experience with daily risk management and P&L ownership. Be ready to share specific examples of how you've managed non-linear risks and hedging strategies in previous roles. This will highlight your ability to handle the responsibilities of the position.
✨Showcase Collaboration Experience
The role requires close collaboration with Sales and Structuring teams. Think of instances where you've successfully worked with others to originate client flows or distribute investment products. Sharing these experiences will demonstrate your teamwork skills and ability to thrive in a collaborative environment.
✨Ask Insightful Questions
At the end of the interview, have a few thoughtful questions prepared about the company's approach to emerging markets or their trading strategies. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.