Associate Trader – CMO Derivatives Desk

Deutsche Bank is hiring an Associate Trader – CMO Derivatives Desk in New York, United States. It pays $140k-$170k a year and Level rates it ; you can apply on Deutsche Bank.

Level's read on this job

Uses AI ●●○○ is how Level rates this role: an ordinary role that requires AI tools.
The posting allows some remote work.
Tools and skills the posting cites include Python, Excel and VBA.
Level classifies it as a mid-level role.
Level lists 1,100+ other open roles at Deutsche Bank.

AI in this role

Support CMO derivatives trading execution and risk management while leveraging AI tools to optimize workflows.

PythonExcelVBABloombergYield BookIntex

fixed-incomederivativesrisk-managementtrade-executionfinancial-analysis

Job Description:

Job Title Associate Trader – CMO Derivatives Desk

Corporate Title – Associate

Location New York, NY

Position Type Full-Time

Position Overview

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. The candidate will work closely with senior traders to support daily trading activities and contribute to idea generation and customer engagement.

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

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.

Skills You’ll Need

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

Skills That Will Help You Excel

Exposure to Agency MBS, CMOs, CMO Derivatives, CMBS, RMBS, interest rate derivatives, or other securitized products
Familiarity with Bloomberg, Yield Book, Intex or similar fixed-income analytics platform

Expectations

It is the Bank’s expectation that employees hired into this role will work in the New York, NY 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, NY is $140,000-$170,000. 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 remuneration.

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 here to learn more!

Learn more about your life at Deutsche Bank 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 HR.Direct@DB.com.

#LI-HYBRID

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.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank’s Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.

How we rate this

Associate Trader – CMO Derivatives Desk at Deutsche Bank rates 40 out of 100 for how much of the daily work is AI. That makes it Uses AI (AI Level 2 of 4). The level is about AI in the job, not seniority.

Classification

Uses AI. An ordinary role that requires AI tools.

●●●● Builds AI80 to 100
●●●○ Works on AI60 to 79
●●○○ Uses AI40 to 59
●○○○ Little AI0 to 39

Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.

Key facts

Associate Trader – CMO Derivatives Desk is an open job at Deutsche Bank.
Level rates this role AI Level 2 of 4: Uses AI.
The listed salary is $140k-$170k a year.
The role is based in New York, 1 Columbus Circle and is marked remote.
The job was posted on September 13, 2026.
Seniority: mid.
Applications are handled by Deutsche Bank. Apply on Deutsche Bank

Prepare for this job

Built from this posting and from similar jobs on Level.

Skills and AI tools this role asks for

Fixed IncomeDerivativesRisk ManagementTrade ExecutionFinancial AnalysisPythonExcelVBA

Questions you could be asked

Tell me about a project where fixed income was part of your work. What did you do?
Tell me about a project where derivatives was part of your work. What did you do?
Tell me about a project where risk management was part of your work. What did you do?
Tell me about a project where trade execution was part of your work. What did you do?
Tell me about a project where financial analysis was part of your work. What did you do?

Adapt your resume

List these exact terms on your resume: Fixed Income, Derivatives, Risk Management, Trade Execution, and Financial Analysis. An applicant tracking system matches the wording, not the idea.
Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.
Put the AI tool in a bullet point about what you did, not just in a skills list. This role treats it as a required part of the job.

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