Job ID: R0344349
Full/Part-Time: Full-time
Regular/Temporary: Regular
Listed: 2024-10-11
Job Title Foreign Exchange Spot Trader
Corporate Title Associate
Location New York, NY
Overview
The Foreign Exchange (FX) Spot Quant Trading business operates on the exciting frontier between the latest quantitative algorithmic trading techniques and the biggest, most liquid, and most competitive financial market in the world. Acclaimed for innovation and client service by main industry publications, the Business consistently ranks as a top FX Spot market-maker globally winning a plethora of awards. In a client centric fashion, by combining market expertise, cutting edge quant research and ultra-low latency technology we aim to provide best in class pricing and risk management for our clients.
The trading team is responsible for everything from innovative idea generation through to real-time disciplined management of our trading strategies across electronic and voice execution channels. We partner with sales to serve our client franchise, and technologists to evolve our offering; We thrive on innovative thinking for energizing the evolution of our trading, and actively seek diversity in our team to achieve this. The culture of the team is friendly, open minded, curious, collaborative, intellectually honest, pragmatic, respectful and data driven.
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
To focus on managing the Bank’s market risk, providing liquidity to clients via Deutsche Bank’s market-leading electronic offering and manually through voice methods of pricing and hedging
To become an expert at piloting the pricing and risk management of one of the largest spot books in the market, using first-class technology, and develop the subject matter expertise to advise clients on effective methods of execution through a spectrum of market conditions
To immerse yourself in dynamic interactions with our sales teams and their clients, with the opportunity to deliver exciting market insights, flow analysis and compelling commentary on current market trends and macroeconomic themes
To partner with other members of the team who focus on quantitative methods, sharing ideas and observations to drive the platform and client offering forward and maintain our competitive advantage
To actively monitor markets in real-time, developing views on current and potential near terms risks, ideate and enact response plans while coordinating across multiple teams
Skills You’ll Need
Proactive and reactive decision making and problem solving while under pressure - ideally you find this an exciting prospect
Ideally prior experience in FX spot electronic market making with an additional preference for experience in voice trading, good intuition and understanding of the FX market dynamics, structure, and client base
Skills That Will Help You Excel
Exceptional at multitasking
Have a disciplined mindset where you simultaneously pay attention to the details whilst being aware to the big picture and adeptly managing associated risks
Collaborative can-do attitude, coupled with good verbal and written communication skills
Sufficiently analytical and data driven mindset to be able to effectively partner with a highly quantitative and systematic trading team
Expectations
It is the Bank’s expectation that employees hired into this role will work in the New York City 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 $135K to $175K. 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.
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: "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 .
