Skip to main contentA logo with &quat;the muse&quat; in dark blue text.

High Yield, Trader - Vice President

AT Deutsche Bank
Deutsche Bank

High Yield, Trader - Vice President

New York, NY

Job Description:

Job Title High Yield, Trader

Corporate Title Vice President

Location New York, NY

Overview

The High Yield Credit desk is part of Credit Flow Trading, sitting within the Global Financing & Credit Trading (GF&CT) business unit. The trading desk acts as a market maker in High Yield Bonds to provide liquidity to our clients. You will hold the position of High Yield Credit Trader (VP level). You will partner closely with the Institutional Client Group (ICG), Research Analysts and Capital Markets provide liquidity to our clients & support Deutsche Bank's new issue business.

What We Offer You

  • A diverse and inclusive environment that embraces change, innovation, and collaboration

Want more jobs like this?

Get Human Resources and Recruitment jobs in New York, NY delivered to your inbox every week.

By signing up, you agree to our Terms of Service & Privacy Policy.

  • 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
    • Act as a market maker to provide liquidity to our clients in High Yield Bonds
    • Build your franchise in your sector & with clients to capture market share
    • Own & manage the market risk exposure of your trading positions
    • Leverage the ICG Credit sales team to source liquidity

    How You'll Lead
    • Responsibility for training junior Trader on the distressed desk
    • Generating trading ideas for discussion with the wider Analyst team

    Skills You'll Need
    • Previous experience in the High Yield Credit market in TMT sectors, but willing to discuss other sector responsibilities
    • Ability to work closely with Desk Analysts to critically evaluate trading opportunities
    • Support Capital Markets in distributing new issues

    Skills That Will Help You Excel
    • Existing relationships with buy-side clients active in this space
    • Strong knowledge of the High Yield Credit & ideally experience trading this sector before
    • History of strong risk management and profitable trading

    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 $180K to $250K. 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 renumeration.

    Deutsche Bank Values & Diversity

    We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

    We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

    Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision

    Learn more about your life at DB through the eyes of our current employees: https://careers.db.com/life

    The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice, please email HR.Direct@DB.com.

    Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

    We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

    VisitInside Deutsche Bankto discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

    We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.

    Client-provided location(s): New York, NY, USA
    Job ID: deutsche_bank-R0254883
    Employment Type: Other

    Perks and Benefits

    • Health and Wellness

      • FSA
      • HSA
      • Health Reimbursement Account
      • Health Insurance
      • Dental Insurance
      • Vision Insurance
      • Life Insurance
      • Short-Term Disability
      • Long-Term Disability
    • Parental Benefits

      • Non-Birth Parent or Paternity Leave
      • Birth Parent or Maternity Leave
    • Work Flexibility

      • Flexible Work Hours
      • Remote Work Opportunities
    • Office Life and Perks

      • Commuter Benefits Program
    • Vacation and Time Off

      • Leave of Absence
      • Personal/Sick Days
      • Paid Holidays
      • Paid Vacation
    • Financial and Retirement

      • Relocation Assistance
      • Performance Bonus
      • Stock Purchase Program
      • 401(K) With Company Matching
    • Professional Development

      • Promote From Within
      • Mentor Program
      • Shadowing Opportunities
      • Access to Online Courses
      • Tuition Reimbursement
    • Diversity and Inclusion

      • Diversity, Equity, and Inclusion Program

    Company Videos

    Hear directly from employees about what it is like to work at Deutsche Bank.