ResearchHigh Yield Grade Credit Desk Analyst - Director

Position Overview

Job Title: High Yield Grade Credit Desk Analyst

Corporate Title: Director

Location: New York, NY

Overview

The High Yield Credit desk is part of Credit Flow Trading, sitting within the Global Financing & Credit Trading (“GF&CT”) business unit. The trading desk acts as a market maker in High Yield Bonds and derivatives to provide liquidity to our clients. The successful candidate will hold the position of High Yield Credit Desk Analyst (Director level) and will be responsible for critically analyzing specific sectors/credits to generate profitable trading ideas for the Deutsche Bank trading desk & our clients. You will partner closely with Trading, the Institutional Client Group (“ICG”), and Capital Markets to assess opportunities within the market & enable effective risk positioning.

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

• Conduct deep fundamental credit analysis to identify profitable trading opportunities for the desk & our clients in high yield (HY) and cross-over cash bonds and single-name CDS
• Monitor relative value to identify mis-pricings among cash bonds and single-name CDS
• Maintain sector expertise and contacts to facilitate the identification of key trends and trade ideas
• Develop thoughtful content to communicate analysis and ideas to sales and clients, and build relationships with clients through discussing market trends & trading ideas
• Work closely with Deutsche Bank traders to ensure sensible risk positioning in trading books
• Leverage the ICG Credit sales team to create an active feedback loop with our clients, and partner with Capital Markets by providing market color around Deutsche Bank led new issues

How You’ll Lead

• Responsibility for training junior research analysts on the desk
• Building the Deutsche Bank Credit franchise with clients & capturing market share
• Generating trade ideas alongside Sales & Research

Skills You’ll Need

• Existing relationships with market participants in this space
• Previous experience with credit analysis and financial modelling, ideally resulting in trading ideas
• Strong knowledge of the HY, crossover, and single-name CDS markets
• History of strong risk management and identifying profitable trading opportunities

Skills That Will Help You Excel

• Previous experience in the HY Credit market either on the buy/sell side

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 $200K to $387K. 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!

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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" .