At a Glance
- 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.
- Other info: Access to world-class training and a culture of continuous learning.
- 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.
The predicted salary is between 43200 - 72000 € 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 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.
Complex Trader in London employer: Deutsche Bank
Deutsche Bank is an exceptional employer, offering a dynamic work environment in London that prioritises employee development and wellbeing. With competitive salaries, generous holiday allowances, and a commitment to diversity and inclusion, employees are empowered to thrive both professionally and personally. The opportunity to work alongside experienced practitioners in the Global Emerging Markets sector ensures continuous learning and growth, making it a rewarding place for Complex Traders to advance their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Complex Trader in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to trading and risk management. We recommend doing mock interviews with friends or mentors to build your confidence and get feedback.
✨Tip Number 3
Showcase your skills! Bring along examples of your past work, especially those that highlight your experience with CLNs, repacks, and EM Currency Eurobonds. This will help you stand out and demonstrate your expertise.
✨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 genuinely interested in joining our team at Deutsche Bank.
We think you need these skills to ace Complex Trader in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Complex Trader role. Highlight your experience in trading, especially with CLNs and EM Currency Eurobonds, and showcase your risk management skills. We want to see how your background aligns with what we do!
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 you can contribute to our Cross Markets Solutions team. Be sure to mention your understanding of CEEMEA markets and your collaborative spirit.
Showcase Your Achievements:Don’t just list your responsibilities; highlight your achievements! Whether it's successful trades or innovative risk management strategies, we love to see how you've made an impact in your previous roles.
Apply Through Our Website:We encourage you to apply through our website for the best chance of success. It’s straightforward and ensures your application gets to the right people. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at Deutsche Bank
✨Know Your Products Inside Out
As a Complex Trader, it's crucial to have a deep understanding of Credit Linked Notes (CLNs), repacks, and EM Currency Eurobonds. Brush up on pricing strategies, risk management techniques, and market-making principles. Be ready to discuss how you would approach daily risk management and P&L attribution.
✨Showcase Your Collaboration Skills
This role involves working closely with Sales and Structuring teams. Prepare examples of how you've successfully collaborated in the past, especially in originating client flows or distributing investment products. Highlight your communication style and how it fosters teamwork.
✨Demonstrate Your Risk Management Expertise
Be prepared to discuss your experience with hedging non-linear risks and managing model risk. Think of specific scenarios where you took calculated risks that led to positive outcomes. This will show your potential employer that you can handle the complexities of the role.
✨Understand the CEEMEA Markets
Since this position focuses on Central Eastern Europe, the Middle East, and Africa, make sure you’re familiar with the local markets and their interactions. Research recent trends and challenges in these regions, and be ready to share your insights during the interview.
