Employer: DWS Group
Title: Capital Markets Analyst
Location: London
About DWS:
Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.
Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.
We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.
As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.
This is your chance to invest in your future.
Team / division overview
DWS Xtrackers covers a full range Exchange Traded Funds across Equity, Commodities and Fixed Income, as well as Segregated mandates, covering a wide range of index providers and array of benchmark types from multiple ESG flavours to Thematics. DWS has an integrated investment platform with a strong footprint globally.
You’ll be joining the ETP Capital Markets team, which is responsible for managing primary and secondary market activities along with broker dealer relationships , as well as driving strategic initiatives and process improvements across other key external partners’ relationships.
Role Details:
As a Capital Markets Analyst you will (be):
Perform the day-to-day management of Xtrackers ETP primary market processes, focusing on operational efficiency, scalability, and continuous process improvement.
Identify and manage operational risks, ensuring robust governance, escalation, and resolution procedures.
Partner with internal stakeholders across Trading, Operations, Product, Portfolio Management, Legal, Compliance, and Sales to support new product launches, cross-listings, and platform developments.
Develop and enhance primary market mechanisms that support efficient creation and redemption activity, enabling tight spreads, strong liquidity, and depth in secondary markets.
Act as a Capital Markets Specialist within Xtrackers, providing strategic, operational, and market expertise to colleagues across Sales, Portfolio Management, Marketing, Operations, and Product teams.
Oversee and analyse secondary market activity across exchanges, including spreads, liquidity, trading volumes, market depth, premiums/discounts, and market maker performance.
Build and maintain relationships with authorised participants, market makers, broker-dealers, exchanges, and other market infrastructure providers to enhance primary and secondary market efficiency.
Engage with exchanges regarding market structure, trading platform requirements, market maker programmes, fees, and regulatory developments.
Serve as a key point of contact for internal and external clients, responding to technical product enquiries and supporting capital markets-related initiatives.
Produce market intelligence, competitor analysis, and trading analytics to support product development, business strategy, and client engagement.
Utilise high-frequency market data to develop and enhance analytical tools, reporting capabilities, and trading insights.
Maintain responsibility for the quality and accuracy of European Xtrackers ETP market data, ensuring robust, timely, and scalable data management processes.
Collaborate with Sales, Marketing, Product Development, and external partners to maximise the value delivered to clients through market data, research, and analytics.
Support product development and delivery through analysis of competitor products, secondary market dynamics, broker requirements, and market structure considerations, including new product launches and listings.
Contribute to the ongoing development of the Xtrackers capital markets platform and broader business strategy.
We are looking for:
Experience within ETF/ETP Capital Markets, Delta One, Synthetic Products, Equity Derivatives, or a related trading environment.
Strong understanding of financial markets, exchange-traded products, and market structure.
Knowledge of Total Return Swaps (TRS), synthetic replication, and associated trading and operational processes.
Strong analytical and problem-solving skills with a high degree of attention to detail.
Experience managing projects and coordinating multiple stakeholders across complex initiatives.
Strong risk awareness, with the ability to identify issues and implement effective controls and mitigation measures.
Advanced data analysis skills, including experience with Python, SQL, or similar analytical tools.
Experience using Bloomberg, Reuters, or equivalent market data platforms.
Strong communication and interpersonal skills, with the ability to engage effectively with senior stakeholders, clients, and external partners.
Self-motivated team player with a proactive approach to delivering results in a fast-paced environment.
Experience working with ETF market makers, authorised participants, exchanges, or liquidity providers.
Knowledge of regulatory, operational, and trading considerations relevant to European ETF markets.
Fluency in an additional European language would be beneficial.
CFA Charterholder or CFA candidate would be beneficial.
Degree in Mathematics, Finance, Economics, Engineering, Computer Science, Physics, or another quantitative discipline.
What we’ll offer you:
At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves sand it’s important to us that you enjoy coming to work - feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.
Some of our core benefits:
30 days’ holiday + bank holidays, with the option to purchase additional days
A non-contributory pension scheme, up to 10%
Physical and Mental Health Well-Being benefits including (but not limited to) Private Medical Cover, a complimentary GP service and the support of Mental Health First Aiders
Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance
The opportunity to support our CSR strategy which is focused on combatting climate change and achieving greater social justice. You can make donations to our partner organisations or take part in corporate volunteering opportunities in your local communities by providing on hand support.
DWS’ Hybrid Working model in the UK is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Employees who wish to sign-up to our Hybrid Working model are required to work in the office two days a week, and given the flexibility to work from home for the remaining three.
Some business groups may need you to spend more time in the office, but this will be discussed and made clear as part of your application and interview process. We will continue to review and evolve our working environments and methods to ensure that we are working in the best way possible for our people.
If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.
We at DWS are committed to creating a diverse and inclusive workplace, one that embraces dialogue and diverse views, and treats everyone fairly to drive a high-performance culture. The value we create for our clients and investors is based on our ability to bring together various perspectives from all over the world and from different backgrounds. It is our experience that teams perform better and deliver improved outcomes when they are able to incorporate a wide range of perspectives. We call this #ConnectingTheDots.
Skills Required
- Experience within ETF/ETP Capital Markets, Delta One, Synthetic Products, Equity Derivatives, or a related trading environment.
- Strong understanding of financial markets, exchange-traded products, and market structure.
- Knowledge of Total Return Swaps (TRS), synthetic replication, and associated trading and operational processes.
- Strong analytical and problem-solving skills with a high degree of attention to detail.
- Experience managing projects and coordinating multiple stakeholders across complex initiatives.
- Strong risk awareness, with ability to identify issues and implement controls and mitigation measures.
- Advanced data analysis skills, including experience with Python, SQL, or similar analytical tools.
- Experience using Bloomberg, Reuters, or equivalent market data platforms.
- Strong communication and interpersonal skills, engaging effectively with senior stakeholders, clients, and external partners.
- Self-motivated team player with a proactive approach to delivering results in a fast-paced environment.
- Experience working with ETF market makers, authorised participants, exchanges, or liquidity providers.
- Knowledge of regulatory, operational, and trading considerations relevant to European ETF markets.
- Degree in Mathematics, Finance, Economics, Engineering, Computer Science, Physics, or another quantitative discipline.
- Fluency in an additional European language.
- CFA Charterholder or CFA candidate.
What We Do
DWS Group (DWS) with EUR 933bn of assets under management (as of 30 June 2024) aspires to be one of the world's leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability and innovation across a full spectrum of investment disciplines. We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management – as well as our deep environmental, social and governance focus – complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach. DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping to navigate the transition to a more sustainable future. With approximately 4,500 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times to build the best foundation for our clients’ financial future.
