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MBS Trader - Vice President
MBS Trader - Vice President-April 2024
New York
Apr 19, 2025
ABOUT DEUTSCHE BANK
Deutsche Bank is a tech-driven provider of financial services, offering corporate, investment, private, retail, and asset management products on a global scale.
10,000+ employees
Financial Services, Technology
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About MBS Trader - Vice President

  Job Description:

  Job Title MBS Trader

  Corporate Title Vice President

  Location New York, NY

  Overview

  Agency MBS Trader is responsible for market making in TBA flow products (30yr and/or GNMA TBA). The role will involve engaging clients and managing risk and inventory. Responsibilities include market making, pricing, generating color/commentary, identify trading opportunities, generating trade ideas for clients and the sales force, managing inventory and offers, facilitating client flow/inquiry as well as contributing to trading systems enhancements. Will consider those with proficient experience in 30yr or GNMA TBA flow trading, including the corresponding flow related specified pools. The trader will need to have experience and comfort in managing a book independently and have very high standards with respect to controls and risk management.

  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

  Act as market maker for the respective TBA flow product

  Manage relevant flow related specified pools (majors, multis, low pay-ups)

  Take ownership and manage risk and inventory for respective books

  Build franchise, engage clients

  Support systems enhancements related to trading/risk management

  Generate color, commentary for sales force and clients/identify trading opportunities

  How You'll Lead

  The trader will work very closely with the head of the desk and head of trading in meeting targets/goals for the role including but not limited to PNL generation, market share, client feedback

  Contribute to building the Deutsche Bank Agency MBS franchise

  The role will involve the development and training of juniors

  Skills You'll Need

  Proven experience in primary flow trading

  MBS product knowledge, fixed income/macro knowledge/experience

  Client interaction/relationships

  Risk management experience

  Strong risk and control standards

  Skills That Will Help You Excel

  Strong communication skills

  Experience with trading systems, risk models, yieldbook

  Series 7 and 63 certified

  Proactive

  Analytical/Attention to detail

  Expectations

  It is the Bank's expectation that employees hired into this role will work in the New York City 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 $180K to $250K. 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 renumeration.

  Deutsche Bank Values & Diversity

  We believe talent is found in all cultures, countries, races, ethnicities, genders, sexual orientations, disabilities, beliefs, generations, backgrounds, and experiences. We pursue a working environment where everyone can be authentic and feel a sense of belonging. Click here to find out more about our diversity and inclusion efforts.

  We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories.

  Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision

  Learn more about your life at DB through the eyes of our current employees: https://careers.db.com/life

  The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice, please email [email protected].

  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 hereto learn more!

  #LI-HYBRID

  #LI-REMOTE

  #LI-ONSITE

  Our values define the working environment we strive to create - diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.

  We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

  VisitInside Deutsche Bankto discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.

  We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEO is the Law poster and supplement; Employee Rights and Responsibilities under the Family and Medical Leave Act; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.

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