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Deutsche Bank · 2 weeks ago

Quant Trader- E- Trading Municipal Bonds - Director

New York, NY

Full-time

Hybrid

Lead/Staff

$200K/yr - $485K/yr

Deutsche Bank is looking to hire a senior quant researcher focusing on automated electronic trading of Municipal bonds. The role involves automated pricing, trading, and hedging for Municipal bonds, requiring strong analytical and coding skills.

BankingFinanceFinancial Services

Responsibilities

Working as part of interest rates quant team on all aspects of electronic and automatic trading strategy including customer, competitor and market analysis, algorithm design and implementation, voice trader partnership

Ensuring that the reasoning, thought process and investigation behind all work is well understood and agreed upon

Performing quantitative data analysis, model building and subsequent optimization of pricing and risk management for the client franchise

Supervision of algorithm bookrunners, continuous optimization of algo hyperparameters and trading models

Ensuring compliance with all relevant regulatory aspects of the e-trading business

Working with partners across the Bank including engineering and technology, voice trading, and the broad quantitative trading community to further develop the capabilities of the platform

Qualification

Quantitative analysisAutomated tradingMunicipal bondsProgramming (Python/R)Algorithm designCommunicationTeam collaborationPresentation skills

Required

Experience in automated market making in flow products is essential

Strong analytical background including statistics

Coding skills

Experience of quantitative analysis, trading or research including subjects such as pricing and risk management for liquid financial markets

Ability to balance the trade-off between improving research results and translating them into business outcomes

A good understanding of cross-asset cash and derivative products, across markets and the skills to solve complex business problems

Positive and pragmatic can-do attitude in all scenarios

Able to articulate ideas confidently and concisely to enable effective communication across multiple teams and functions

Experience in UST bonds and government bond futures and understanding of the institutional bond market

Relevant analytical and numerate education such as a Bachelor of Science (BSc)/Master of Science (MSc)/Doctor of Philosophy Degree (PhD) or the equivalent work experience or qualifications

Strong computing and programming (coding) skills and experience, utilizing programming languages such as KDB/q and Python/R

Algo coding skills desirable (Java or C++)

Excellent presentational skills