Deutsche Bank · 2 weeks ago
Quant Trader- E- Trading Municipal Bonds - Director
New York, NY
Full-time
Hybrid
Lead/Staff
$200K/yr - $485K/yrDeutsche Bank is seeking a Quant Trader for their Municipals e-Trading team within the Rates Trading division. The role focuses on automated pricing, trading, and hedging for Municipal bonds, requiring strong quantitative skills and experience in automated market making.
BankingFinanceFinancial Services
Responsibilities
Working as part of Muni electronic trading 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
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, with algo coding skills desirable (Java or C++)
Preferred
Domain specific knowledge in Municipal bonds is an advantage
Experience in municipal bonds and municipal derivatives and understanding of the institutional bond market is an advantage
Excellent presentational skills
Benefits
Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
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
Educational resources, matching gift, and volunteer programs
Company
Deutsche Bank
Deutsche Bank is an investment bank that offers financial products and services to corporate and institutional clients.
Founded in 1870
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$2.07BKey Investors
European Investment BankCapital GroupCerberus Capital Management
2025-06-11Post Ipo Debt· $570.76M
2024-11-14Post Ipo Debt· $1.5B
2020-10-13Post Ipo Equity
Leadership Team
T
Tom Patrick
CEO, Americas
Benjamin Bauer
VP Strategy & Innovation
Recent News
2026-01-23
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