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From the employer's careers site First seen 2 Nov 2026

Associate Trader – CMO Derivatives Desk

Deutsche Bank New York, New York Hybrid entry full-time

Salary

$140,000-$170,000 per year

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Description

We are seeking a motivated and analytical Associate Trader to join our CMO Derivatives trading desk. The role provides hands-on exposure to mortgage derivatives markets, trade execution, relative value analysis, risk management, and desk strategy development. You will work closely with senior traders to support daily trading activities and contribute to idea generation and customer engagement.

Responsibilities

  • Support trade execution, risk management, P&L reporting for the CMO Derivatives desk.
  • Analyze market trends, prepayment dynamics, customers flows and relative value opportunities.
  • Develop and maintain trading tools, analytics, and process automation using Python and Excel/VBA.
  • Partner with risk, operations, technology, and compliance teams to support efficient desk operations.

Requirements

  • Bachelor's degree in Mathematics, Finance, Economics, Engineering, Physics, Computer Science, or a related quantitative field with strong academic performance.
  • Proficient experience in securitized products, fixed income, or a related analytical role.
  • Strong quantitative and analytical skills with an interest in mortgage markets.
  • Familiarity with Python and Excel/VBA.
  • Excellent communication and interpersonal skills and ability to work in a fast-paced trading environment.
  • Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

Benefits

  • 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.

Skills

Nice to have

  • Agency MBS
  • CMOs
  • CMO Derivatives
  • CMBS
  • RMBS
  • interest rate derivatives
  • Bloomberg
  • Yield Book
  • Intex

Ready to apply?

You apply with the employer directly. Their original posting is here: https://db.wd3.myworkdayjobs.com/en-US/DBWebsite/job/New-York-1-Columbus-Circle/Associate-Trader---CMO-Derivatives-Desk_R0450010

Apply on Deutsche Bank