Job Title
Complex Trader
Location
London
Corporate Title
Vice President
Description
You will join our Cross Markets Solutions (CMS) Trading desk within the Global Emerging Markets (GEM) franchise, operating at the intersection of flow and structured product across local rates, FX and credit. As a VP Trader with a primary focus on distribution and risk management of investment products. You will manage and grow our Credit Linked Note (CLN) and repack business—pricing, risk‑taking and scaling distribution to international investors—while also supporting pricing and risk management in rates exotics and EM Currency Eurobond trading (supranational focus).
You will collaborate closely with Sales and Structuring to originate client flows, manage day‑to‑day risk and P&L, and help scale a diverse Emerging Markets platform serving Central Eastern Europe, Middle East, and Africa (CEEMEA) clients and global buyers.
What we’ll offer you
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.
You can expect:
* Competitive salary and non-contributory pension
* 30 days’ holiday plus bank holidays, with the option to purchase additional days
* Life Assurance and Private Healthcare for you and your family
* A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
* The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year
Your key responsibilities
* Daily risk management of CLN/repack/EMTN books, including hedging, gamma management, scenario analysis and P&L attribution
* Provide consistent pricing and market‑making across CLNs, EMTN, repacks, callables and other rates exotics
* Partner with Sales/Structuring to originate and distribute investment products (across CLN, Repack, EMTN) to international investors (including distributors) and onshore CEEMEA clients
* Oversee trade booking, model selection/calibration and inventory; act as primary contact for Risk, Legal and Control functions
* Coordinate with XVA, Funding and Flow desks to optimise hedging, collateral usage and balance sheet efficiency
* Ensure robust governance on documentation and adherence to regulatory conduct standards
Your skills and experience
* Experience in trading experience spanning flow and structured credit; hands‑on background in CLNs, repacks, CDS, and EM Currency Eurobonds; rates exotics experience a plus
* Strong understanding of CEEMEA local markets across rates, FX and credit and how they interact in structured solutions
* Demonstrable risk‑taking with daily P&L ownership; proficient in hedging non‑linear risks and managing model risk
* Experience working with complex documentation, bespoke structures and associated control frameworks
* Experience directly interacting with clients, promoting trade ideas, and originating flows
* Clear, inclusive communication style and proven collaboration with Sales, Structuring, and Risk functions
How we’ll support you
* Training and development to help you excel in your career
* Coaching and support from experienced practitioners across Emerging Markets
* A culture of continuous learning and progression
* Access to a world class FIC and Emerging Market platform with strengths in both structured and flow products.
About us
is the leading German bank with strong European roots and a global network. Click to see what we do.
Deutsche Bank in the UK is proud to have been named for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their for our work supporting LGBTQ+ inclusion.
If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge on to discuss how we can best support you. Alternatively, you can share your phone number, and a member of the team will be happy to call you to talk through your specific requirements.
We strive for a 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.
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