Forwards Associate

Posted 2 Hours Ago
Be an Early Applicant
Columbus, NY, USA
Hybrid
135K-175K Annually
Entry level
Fintech • Financial Services
The Role
Price client FX deals, manage risks across FX forwards, swaps, and short-term interest-rate products, fund desk cash positions, and collaborate with traders, sales, and originations. The role also drives business growth, supports multi-book transaction pricing, identifies market trends, and communicates trade ideas. Candidates need derivatives expertise, strong risk management, analytical and interpersonal skills, and proficiency with spreadsheets and databases.
Summary Generated by Built In
Job Description:

Job Title GFX Forwards Trader

Corporate Title Associate

Location New York, NY

Overview

In the world’s financial markets, the Deutsche Bank Foreign Exchange team is recognized as a leader. The Business combines sales, trading and research teams who structure a range of financial market products and market these to our targeted client base. Deutsche Bank trades all currencies, including G10, Emerging Markets and Precious Metals, in all tenors. Working in a period of economic and regulatory uncertainty, the team places emphasis on innovation, collaboration, and risk management. The Global Foreign Exchange business is looking to hire a risk-manager for Foreign Exchange (FX) Forwards in New York.

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

  • Pricing of client deals
  • Managing risk to FX Swap, interest rate, and Cross Currency Swap markets
  • Driving business growth
  • Funding desk cash positions
  • Liaising with other traders in pricing transactions involving multiple books
  • Interacting with sales and originations to generate new business

Skills You’ll Need

  • Experience of pricing and managing FX Forwards & STIR products
  • Knowledge all short end rate derivatives, XCCY swaps, and FX Forwards
  • Excellent spreadsheet and database skills (Matlab, Visual Basic for applications, Java)
  • Proven risk management skills; strong interpersonal skills and strong analytical skills
  • Able to understand and interpret market trends and identify, communicate, and market trade ideas

Skills That Will Help You Excel

  • Excellent communication skills, both written and spoken
  • Self-motivated
  • Self-starter
  • Able to work in a high paced environment under pressure

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York City 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 $135K to $175K. 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 renumeration.

Deutsche Bank Values & Diversity

We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision

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

The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice, please email [email protected].

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!

#LI-HYBRID

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 RightsEmployee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.

Skills Required

  • Experience pricing and managing FX forwards and STIR products
  • Knowledge of short-end rate derivatives, cross-currency swaps, and FX forwards
  • Excellent spreadsheet and database skills
  • Experience with MATLAB, Visual Basic for Applications, or Java
  • Proven risk management skills
  • Strong interpersonal and analytical skills
  • Ability to understand and interpret market trends and identify, communicate, and market trade ideas
  • Excellent written and spoken communication skills
  • Self-motivated and self-starting
  • Ability to work in a high-paced environment under pressure

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.

  • Healthcare Strength Health coverage is positioned as comprehensive, spanning multiple medical plan options along with dental, vision, prescription coverage, life insurance, and disability protection.
  • 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.
  • 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

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The Company
HQ: Frankfurt am Main
68,787 Employees

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!

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