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
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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
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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.