CMBS Trader

Job Title CMBS Trader

Corporate Title Vice President

Location New York

Overview

The CMBS Trading desk sits within the Global Securitized Trading business unit. The desk acts as a market maker across commercial mortgage-backed securities products, providing liquidity, market insight, and risk intermediation to institutional clients. The successful candidate will join as a Vice President on the CMBS Trading desk in New York, partnering closely with Institutional Client Group (“ICG”) Sales, Capital Markets, Research, and structuring teams to support client franchise growth, secondary market liquidity, and primary distribution activities.

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

• Act as a market maker in CMBS products, providing liquidity to clients across secondary trading markets.
• Manage and optimize trading risk across assigned CMBS books, with a strong focus on disciplined positioning, hedging, and capital usage
• Analyze collateral, structure, relative value, and market technicals across conduit
• Partner with ICG Sales to deliver market color, actionable trade ideas, and tailored client solutions that deepen relationships and support franchise growth
• Support Capital Markets and syndicate efforts in the distribution of new issue CMBS transactions and provide feedback on market appetite, pricing, and investor demand
• Maintain close coordination with Research, risk, and control partners to ensure robust governance, transparent risk ownership, and compliance with Deutsche Bank policies

How You’ll Lead

• Help lead the development of the CMBS franchise by strengthening client connectivity, expanding market share, and contributing to the desk’s commercial strategy
• Mentor and develop junior talent on the desk through active coaching, product education, and day-to-day partnership in trading and risk management
• Drive idea generation in partnership with Sales & Research, translating market views into actionable client conversations and trading opportunities
• Promote a strong risk and control culture by demonstrating accountability, escalation discipline, and leadership across business and infrastructure partners

Skills You’ll Need

• Relevant experience in CMBS, structured credit, securitized products, or a closely related trading role on the buy side or sell side
• Strong understanding of CMBS market structure, collateral analysis, deal underwriting, and relative value across the capital structure
• Demonstrated ability to manage risk effectively and contribute to profitable trading performance in a fast-paced market environment
• Experience working closely with institutional clients and sales partners to communicate market views, trading opportunities, and product insights
• Strong analytical skill set
• Excellent communication skills, sound judgment, and the ability to operate collaboratively across trading, sales, capital markets, and control functions

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 accommodations to candidates and employees with a substantiated need based on disability and/or religion.

The salary range for this position in New York City is $180,000 to $220,000. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.

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!

Learn more about your life at Deutsche Bank through the eyes of our current employees:  https://careers.db.com/life

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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.