Job Title Structured Credit Trader

Location London

Corporate Title Director

Structured Credit Trading (SCT) is part of Credit Solutions within Global Credit Trading. It is a market leading franchise with global operations centered on teams in London and Frankfurt.

SCT are market makers in illiquid corporate risk across Europe (EU) and the United States (US) which include loans, bonds, SSD, structured notes and non-vanilla credit default swap (CDS) products.

The desk also works with distributors on credit products both in primary and secondary and it also provides hedging activity to third party banks for issuance of such products.

The desk also works closely with private placement desk to originate and place corporate bonds with added overlays as per real money needs.

You will join the desk to take on trading responsibilities in SCT. You will have direct contact with the sales force, promote the franchise, run positions and identify value through education in the various products, systems and market practice.

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.

You can expect:

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• 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

• Pricing, trading and risk managing an Illiquid securities book
• Taking responsibility for providing liquidity and recycling risk profitably
• Taking responsibility for developing and enhancing the Structured Credit Trading franchise
• Analysing market structure and the opportunities and threats there-in
• Managing financial risk and non-financial risks
• Interacting with clients, sales and internal counterparties in other trading, coverage and structuring functions to increase market transparency and to generate new business

Your skills and experience

• Experience as a Director level Illiquids Trader
• Previous experience in illiquid cash bond trading preferred
• Knowledge/ understanding of credit, credit liquidity, credit pricing and the European Client Base
• Being detail oriented, naturally inquisitive, and consistently striving for self-education
• Displaying innovation as part of a market leading team with the end goal of developing the business/franchise

How we’ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• 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 (for example, 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 in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

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.