Job Title: Associate
Location: New York, NY
Overview
Deutsche Bank Securities, Inc. seeks an Associate in New York, NY to serve as a market maker by providing liquidity to clients in Credit Derivatives while building a client franchise to expand market share. Requires a Bachelor’s degree in Finance, or related field, or equivalent, and two (2) years of experience executing complex credit derivatives transactions, including Credit Default Swaps (CDS) and Credit Default Swap Index (CDX); providing liquidity and pricing to institutional clients using real- time market data, quantitative pricing techniques including hazard-rate models, survival probability curves, and recovery assumptions, and risk analytics; analyzing market conditions, supply-demand dynamics, and trading flows to generate trade ideas and support client transactions; monitoring portfolio risk exposures and P&L drivers across multiple risk types, including spread risk, curve risk, jump risk, and index-to-constituent risk; conducting time-series analysis of credit spreads and index levels to identify trading opportunities and market regimes, leveraging Python and Merton pricing model; facilitating trade execution and identifying sources of liquidity to ensure efficient order fulfillment, minimize market impact, and optimize pricing; delivering market intelligence, pricing insights, and trade execution services to institutional clients; and conducting credit research and fundamental analysis on corporate issuers by evaluating financial statements, capital structures, industry conditions, and event-driven credit developments to assess default risk and determine relative value. Salary range: $150,000.00 – $170,000.00/year. This position is eligible for Deutsche Bank's Employee Referral Incentive Program.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
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.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view "Deutsche Bank’s Equal Opportunity Policy Statement" and the following notices: "EEOC Know Your Rights"; "Employee Rights and Responsibilities under the Family and Medical Leave Act"; and "Employee Polygraph Protection Act"
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.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.
Skills Required
- Bachelor's degree in Finance, a related field, or equivalent
- Two years of experience executing complex credit derivatives transactions, including CDS and CDX
- Experience providing liquidity and pricing to institutional clients using real-time market data
- Experience with quantitative pricing techniques, including hazard-rate models, survival probability curves, and recovery assumptions
- Experience using risk analytics to monitor portfolio exposures and P&L drivers
- Experience analyzing market conditions, supply-demand dynamics, and trading flows
- Experience conducting time-series analysis using Python and the Merton pricing model
- Experience facilitating trade execution and identifying liquidity sources
- Experience conducting credit research and fundamental analysis of corporate issuers
Deutsche Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Deutsche Bank and has not been reviewed or approved by Deutsche Bank.
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Healthcare Strength — Health coverage is positioned as comprehensive, spanning multiple medical plan options along with dental, vision, prescription coverage, life insurance, and disability protection.
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Leave & Time Off Breadth — Time away is described as generous, including annual leave, sick leave, public holidays, wellbeing leave, volunteering leave in some regions, and expanded bereavement leave in certain locations.
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Retirement Support — Retirement support is presented as a matched savings plan (401(k)), reinforcing longer-term financial security as part of the rewards package.
Deutsche Bank Insights
What We Do
At Deutsche Bank, we give original thinkers the space and support they need to shine. Merging local knowledge with global vision, in-depth insight with industry-leading digital expertise, if you’re an innovator by nature, we can help you to unleash your potential. We see things differently at Deutsche Bank – and we’re proud of our fresh perspective. Today, we’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritising long-term success over short term gains, and serving society with ambition and integrity. Wherever your interests lie – in investment banking, trading, private wealth, asset management, retail banking - or many of the infrastructure functions that support them – you’ll discover resources, training and opportunities designed to keep you ahead of the curve. Intelligence has no boundaries: we welcome high-achieving, talented individuals from any background. If you’re full of imagination, enjoy solving problems and respond positively to complex challenges, discover a career to look forward to and join us!








