Senior Portfolio Engineer - Fixed Income ETFs

Location: London

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change. Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’. As investors on behalf of our clients, it is our role to find investment solutions, ensuring the best possible foundation for our clients’ financial future.

Team / Division Overview:

The Passive Portfolio Management Team at DWS manages the full range of X-trackers across Equity and Fixed Income Exchange Traded Funds, as well as Segregated mandates, covering a wide range of index providers and array of benchmark types from multiple ESG flavours to Thematics. DWS has a global and integrated investment platform with a strong footprint globally. With presence on the ground in 17 locations, we cover the most important financial markets in the world.

Role Details:

As a Senior Portfolio Engineer you will:

• Carry out daily management of the Fixed Income ETFs and index portfolios via portfolio construction and trade implementation.
• Support the management of client flows efficiently, negotiating inkind baskets with APs.
• Manage investment and risk exposures, while determining optimal hedging strategies where applicable.
• Determine optimal portfolio strategy to minimize tracking error to index, to ensure trading accuracy across corporate actions and cash flows.
• Work closely with trading desks to determine optimal execution strategies.
• Contribute to new and existing product development and process enhancement.
• Work with the team to enhance the platform with a focus on performance and automation.
• Oversee the Net Asset Value, Portfolio Composition File reconciliations and performance attribution analysis.

We are looking for:

• Sound financial markets knowledge with exposure to Index, Synthetic or Delta-one derivative instruments preferred, but broader experience across Fixed Income, FX, Rates, will be considered.
• Sound experience from either a Portfolio Management, Structuring, Trading, Index Research background, with knowledge around portfolio construction, performance & attribution, and related ETF servicing.
• Knowledge of index methodologies from key providers including FTSE, Bloomberg, Iboxx, JPM etc.
• Strong Quantitative Programming skills including Python are essential, additional languages such as VBA would be beneficial.
• Proficiency in all Microsoft Office Applications and capability using Bloomberg, Aladdin and optimisation systems like Barra BPM, Bloomberg Portfolio Management.
• Educated to Bachelor’s degree level or equivalent qualification/relevant work experience.

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle.

• 30 days’ holiday + bank holidays, with the option to purchase additional days.
• A non-contributory pension scheme, up to 10%.
• Physical and Mental Health Well-Being benefits including (but not limited to) Private Medical Cover, a complimentary GP service and the support of Mental Health First Aiders.
• Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance.
• The opportunity to support our CSR strategy which is focused on combatting climate change and achieving greater social justice.
• DWS’ Hybrid Working model in the UK is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. 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. Together we are Deutsche Bank Group. We welcome applications from all people and promote a positive, fair and inclusive work environment.