Fixed Income Trader/Portfolio Manager
About the position Wealth Management business supports clients of Deutsche Bank in the areas of wealth advisory, discretionary, trust planning, custody, and brokerage as well as the deposit business with combined $75bn AUM. Fixed Income Portfolio Management is part of Wealth Management’s Discretionary Portfolio Management team and provides investment management services for clients of the bank. You will be an integral part of the team working to deliver Portfolio Management expertise to these clients.
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 As a Fixed Income Trader, you will work closely with portfolio managers, investment managers, and bankers in the construction and oversight of short duration separately managed fixed income accounts Become fluent in all trading and portfolio management systems utilized by the fixed income team Work to understand the components necessary to review issuers in the municipal bond market and complete basic municipal bond credit updates An understanding of the dynamics impacting fixed income markets and ability to effectively communicate and present this knowledge to prospects, clients, and internal partners Ability to buy and sell bonds for client portfolios with specific attention to municipal bonds, and an understanding of the overall fixed income markets Understand the complete product set offered by the Discretionary Portfolio Management department. Build your franchise among Discretionary Portfolio Management colleagues as well as Bankers and Investment Management teams
Responsibilities
- work closely with portfolio managers, investment managers, and bankers in the construction and oversight of short duration separately managed fixed income accounts
- Become fluent in all trading and portfolio management systems utilized by the fixed income team
- Work to understand the components necessary to review issuers in the municipal bond market and complete basic municipal bond credit updates
- Ability to buy and sell bonds for client portfolios with specific attention to municipal bonds, and an understanding of the overall fixed income markets
- Understand the complete product set offered by the Discretionary Portfolio Management department
- Build your franchise among Discretionary Portfolio Management colleagues as well as Bankers and Investment Management teams
Requirements
- Ability to collaborate with portfolio managers and analysts to understand client needs and account mandates
- Understanding of the financial markets, economic indicators, interest rate trends to inform trading decisions
- Ability to buy and sell bonds for client portfolios
- Ability to construct and manage separately management account portfolios
- Ability to develop and maintain strong relationships with Investment Managers, Relationship Managers, and clients, among others
Nice-to-haves
- Detail oriented in documentation, pricing and execution
- Strong team player
- Experience with Bloomberg, Excel, Word
- Understand the complete product set offered by the Discretionary Portfolio Management department and the Private Bank
- Self-motivated to learn
Benefits
- 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
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