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Japan Cash Trader, Associate

Deutsche Bank

Deutsche Bank

Hills, IA, USA · Tower, MN, USA
Posted on Nov 7, 2025

Job Description:

Details of the Division and Team:

Deutsche Bank has strong Global Rates business franchise in Japan and DB is one of the leading foreign dealers in the Japanese Government Bond market. You will sit within the Japan Core Rates trading desk in Tokyo. The desk’s main activity comprises of market making of JGB, JPY swaps, options and other non-linear rates products.

You will be taking on trading responsibilities in the JGB trading desk. You will have direct contact with sales, promote the franchise, run positions and identify opportunities in JGB and repo products. You will also assist in developing junior traders of the trading desk.

What we will offer you:

A healthy, engaged and well-supported workforce is 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 center.

You can expect:

  • Corporate Group Insurance – premium borne by company

  • Annual health checkup – cost borne by company (once a year; conditions apply)

  • Flexible Work Arrangements – various ways to work, to fit employees’ needs

  • Child care and elderly care benefits – corporate discount through designated child care & elderly care vendors

  • EAP – free and confidential counseling, online work-life resources

  • Employee networks – Diversity, volunteering, sports, family care - various activities to participate

  • Special leaves entitlement

Your key responsibilities:

  • Pricing, trading and risk managing a JGB trading book

  • JGB Repo market/client engagement

  • Interacting with clients, sales, research and internal stakeholders to develop business and identify opportunities

  • Developing junior traders of the trading desk

  • To identify and remove manual process with technology in conjunction with IT partners and facilitate project work together

Your skills and experience:

  • Previous relevant experience in Financials trading

  • Knowledge of JGB and other fixed income products markets

  • Good front-to-back product knowledge across fixed income in general

  • Highly motivated & outgoing

  • Able to work in a team environment and across geographies

  • Able to communicate in Japanese with key external stakeholders including BOJ/MOF

How we’ll support you:

  • Flexible working to assist you balance your personal priorities

  • 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

  • Training and development to help you excel in your career

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

Deutsche Bank & Diversity

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.