High Yield, Trader - Vice President

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

• 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 remuneration.

Deutsche Bank Benefits

At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authenti­cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!

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

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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.

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