Job Description:
Job Title
Trader, Derivatives Funding & Collateral Optimisation Group (DF & COG)
Location
London
Corporate Title
Vice President
The desk sits within Core Rates Trading which is part of the Investment Bank (IB). It is an XVA desk which ensures the Business is funded accurately and most optimally. The desk also manages the discounting risk of the business, along with several complex second order risk features. It is mandated with Initial Margin optimisation bilaterally vs. clients as well as vs. Central counterparty clearing houses (CCPs). The desk is further responsible for the determination and delivery of the eligible assets to post against outstanding derivatives exposure, to mitigate and protect the bank from Counterparty Credit risk in the most efficient and optimal manner.
What we'll offer you
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeing at its centre.
Hybrid Working
We understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables employees to reach a working pattern that works for them. Eligible employees have the opportunity to work from the office and remotely from home (subject to the role's eligibility).
You can expect:
- Competitive salary and non-contributory pension
- 30 days' holiday plus bank holidays, with the option to purchase additional days
- Life Assurance and Private Healthcare for you and your family
- A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
- The opportunity to support a wide ranging CSR programme + 2 days' volunteering leave per year
Your key responsibilities
- Day-to-day management and full understanding of centralised Global Rates funding processes
- Day-to-day risk management of the desk's trading books, with emphasis on short-end interest rate delta, Foreign Exchange (FX) and cross-currency delta management
- Involvement in complex discounting/funding/balance sheet optimisation packages with external and internal counterparties involving other trading desks
- Involvement in the risk management of discounting delta based on different types of eligible collateral as defined in International Swaps and Derivatives Association (ISDA)/Credit Support Annex's (CSAs)
- Assessment of relevant ISDA/CSA provisions, which are relevant to valuations
- Making a positive impact on the Bank's PnL and balance sheet by working with Trading, Sales, Strats, Operations, Legal and Information Technology to improve delivery of a more efficient Funding and Collateral solution for the Bank
Your skills and experience
- Knowledge of Rates over-the-counter (OTC) products and asset classes, ideally with some prior trading experience.
- Ability to work strategically to solve problems in a complex global environment
- Able to work in a team environment as well as independently, take ownership and work to deadlines
- An excellent communicator in both written and verbal forms
- Proficient in the use of Microsoft Excel, PowerPoint and other relevant analytics tools
- Relevant education such as a Bachelor of Science (BSc)/Master of Science (MSc) or the equivalent work experience or qualifications
How we'll support you
- A culture of continuous learning to aid progression
- Coaching and support from experts in your team
- A range of flexible benefits that you can tailor to suit your needs
- We value diversity and as an equal opportunities' employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (e.g. screen readers, assistive hearing devices, adapted keyboards)
About us
Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.
Deutsche Bank in the UK is proud to have been named a The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Silver Award from Stonewall for two years running and named in their Top 100 Employers for 2023 for our work supporting LGBTQ+ inclusion.
Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.