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High Yield Credit Trader - Vice President

AT Deutsche Bank
Deutsche Bank

High Yield Credit Trader - Vice President

New York, NY / Remote

Job Description:

Job Title High Yield Credit 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 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 (Vice President level) and will partner closely with the Institutional Client Group (ICG), Research Analysts and Capital Markets to 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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  • 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
    • Work closely with Desk Analysts to critically evaluate trading opportunities
    • Support Capital Markets in distributing new issues

    How You'll Lead
    • Responsibility for training junior Traders on the desk
    • Building the Deutsche Bank Credit franchise with clients & capturing market share
    • Generating trade ideas alongside Sales & Research

    Skills You'll Need
    • Previous experience in the High Yield Credit market either on the buy/sell side
    • Existing relationships with buy-side clients active in this space
    • Strong knowledge of the High Yield Credit sector & ideally experience trading this sector before
    • History of strong risk management and profitable trading

    Skills That Will Help You Excel
    • Self-motivated
    • Self-starter

    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

    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 emailHR.Direct@DB.com.

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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 ActandPay Transparency Nondiscrimination Provision.

    Client-provided location(s): New York, NY, USA
    Job ID: deutsche_bank-R0347404
    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

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