Credit Solutions Asia - Trading Enabler, Associate

Location: Mumbai, India

Role Description

Desk is seeking to hire strong candidate to work on wide variety of trades including but not limited to bonds/RMBS/ABS/CDS portfolio management and total return swaps, vanilla bond repacks, Australian RMBS repacks, Australian ABS repacks, and credit linked notes in the APAC region. Trading Enabler Analyst/Sr. Analyst is responsible for providing support in trade idea generation, new trade pricing, risk modelling and hedging, performance monitoring and booking.

Work includes:

• Performing data analysis and identifying potential trading opportunities / trading strategies
• Analyzing macroeconomic, fixed income, and residential real estate data and formulating trade structures and investment ideas for RMBS/ABS
• Providing risk management support, including risk analysis, modelling and hedging
• Scenario modelling for structured products
• Reporting and trade capture; analysis of hedging strategies and rule based hedging
• Building advanced quantitative models and automation tools for pricing modeling of new structured trading transactions and adapting existing models to new trades / regulation / metrics
• Understanding legal covenants, termination triggers and other bespoke conditions for existing trades and providing inputs in documentation of new trades in order to capture risks appropriately
• Fundamental credit analysis, cash-flow waterfall modeling of ABS / RMBS/ CLO and other securitized assets that the desk is trading (short or long term) or is sourcing funding
• Monitoring & explaining margin requirements; coordinating with the collateral management team on margin calls; provide technical insight in dispute
• Liaison with other FO desks in the bank: Flow Trading, ICG Sales, GCT Structuring, Treasury, as well as with infrastructure teams in the Bank involved in the trade lifecycle, including Risk and PnL, Middle Office, Finance, CMV, GVG, Transaction Services etc.
• Develop / enhance infrastructure for pricing and risk management; P&L flash, and risk analytics
• Monitor and manage funding requirements on existing trades
• Advanced modeling to allow correct capital requirement calculation for the structured products traded by the desk

Job Description

• Credit Solutions APAC (“CS APAC”) is active in the Structured Credit Trading, Asset Management, and Risk Management. Desk is seeking to hire strong candidate to work on wide variety of trades including but not limited to bonds/RMBS/ABS/CDS portfolio management and total return swaps, vanilla bond repacks, Australian RMBS repacks, Australian ABS repacks, and credit linked notes in the APAC region. The role focuses on pre- and post-trade analysis, monitoring and risk management for the trades.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

The Sr. Analyst/Analyst will be involved in:

• Performing data analysis and identifying potential trading opportunities / trading strategies
• Analyzing macroeconomic, fixed income, and residential real estate data and formulating trade structures and investment ideas for RMBS/ABS

• Helping desk in managing various risks (credit risk, interest rate risk, cross currency risk, extension risk, asset-liability mismatch market risk, funding risk etc.)  
• Modeling of new structured trading transactions and adapting existing models to new regulation / metrics. 
• Understanding legal covenants, termination triggers and other bespoke conditions for existing trades and providing inputs in documentation of new trades to capture risks appropriately. 
• Direct market monitoring & market interaction through pricing debt instruments for risk & collateral purpose. 
• Maintenance of existing trades rebalancing triggers to ensure efficient risk hedging by the desk. 
• Assisting in execution of transactions end to end including pricing, modelling, approvals and legal documentation. 

Your skills and experience

• Attention to details;
• Credit risk and interest rate risk knowledge (can be further developed on the desk);
• Understanding of bonds/RMBS/ABS/CDS/futures knowledge is a plus;
• Desire to learn and curiosity about financial markets.

How we’ll support you

• Training and development to help you excel in your career
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm

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.