A Passion to Perform. It's what drives us. More than a claim, this describes the way we do business. We compete to be the Global provider of financial services, balancing passion with precision to deliver superior solutions for our clients. This is made possible by our people: agile minds, able to see beyond the obvious and act effectively in an ever-changing global business landscape. As you'll discover, our culture supports this. Diverse, international, and shaped by a variety of perspectives, we're driven by a shared sense of purpose. At every level agile thinking is nurtured. And at every level agile minds are rewarded with competitive pay, support and opportunities to excel.
In the world's financial markets Deutsche Bank's Markets function is recognized as a leader. Our award-winning business covers bonds, equities and equity-linked products, exchange -traded and over-the-counter derivatives, foreign exchange, money market instruments, securitized instruments and commodities. Markets is part of the bank's Corporate Banking & Securities division, which is the leading investment bank operation in Europe by revenues, and is active throughout Europe, North America, Asia and the entire world's emerging markets.
Securitized Trading is one of the most successful trading franchises at DB, producing consistent profits (the desk has never reported a negative IBIT), while running a very cost efficient business model. The new joiner starts in a generalist role, supporting multiple product lines, thus familiarizing themselves with the business and the range of products. The successful candidate will grow into a full trading role with one of the product lines: CDO Secondary, ABS Consumer, CMBS Secondary, or Nonagency RMBS. The desk currently has one junior trader at the Jacksonville office who has been part of the CDO secondary desk for 3 years and has become a successful junior trader with expanding responsibilities.
Immediate / beginning responsibilities include:
Desk-wide junior trader support role
Review trades for CRD2 / 3 relevance, conduct due diligence on the asset composition, seniority, securitization attributes
Communicate changes to support
Desk reporting (for the desk head): aging of CDI assets, calculation MRSA RWA, validation of the bal sheet reporting with GBS
Position maintenance - assist traders with 1) repo booking and reconciliation of the repo positions in the trade capture system;
2) accepting derivative positions fed from Summit into STS
Work with IT and traders on UAT and new release testing
Ad Hoc reporting / analysis to the desk head / COO
Strong academic background
Outstanding verbal and communication skills
Ability, attitude and temperament to deliver in a high pressure environment is an absolute must
Strong numerical and analytical skills; excellent communication skills
Individual with a commitment and motivation for self development and growth
Desire to work in a fast paced, challenging environment
Superior analytical aptitude, problem solving abilities
Ability to think "out of the box"
Have a fierce desire to learn
** At Deutsche Bank, we are proud to be an Equal Opportunity/Affirmative Action (M/F/D/V) employer **