Quant Trader- E- Trading Municipal Bonds

Position Overview

Job Title: Quant Trader- E- Trading Municipal Bonds

Corporate Title: Director

Location: New York, NY

Overview

The Municipals e-Trading team that is part of the Rates Trading division is looking to hire a senior quant researcher focusing on automated electronic trading of Municipal bonds. The focus of the role is on automated pricing, trading, and hedging for Municipal bonds both in the customer (dealer to client) and interdealer (dealer to dealer) markets. The role is highly technical, quantitative, and focused on idea generation and data analysis, requiring coding skills and a strong analytical background including statistics. Experience in automated market making in flow products is essential, domain specific knowledge in Municipal bonds is an advantage.

What We Offer You

• 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
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift, and volunteer programs

What You’ll Do  

• 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

How You’ll Lead

• 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

Skills You’ll Need

• Positive and pragmatic can-do attitude in all scenarios, from taking the initiative as a proactive self-starter, to working well with others in a highly collaborative team
• Able to articulate ideas confidently and concisely to enable effective communication across multiple teams and functions
• Experience of quantitative analysis, trading or research including subjects such as pricing and risk management for liquid financial markets, balancing the trade-off between improving research results and translating them into business outcomes
• Experience in UST bonds and government bond futures and understanding of the institutional bond market is an advantage
• A good understanding of cross-asset cash and derivative products, across markets and the skills to solve complex business problems
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

• 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
• Experience in municipal bonds and municipal derivatives and understanding of the institutional bond market is an advantage
• Excellent presentational skills
• 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++)

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank’s hybrid working model.

Deutsche Bank provides reasonable acc