Junior Trader – Agency CMO & MBS Desk

Deutsche Bank is hiring a Junior Trader – Agency CMO & MBS Desk in New York, United States. It pays $110k+ 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, VBA and AI Tools.
Level classifies it as a junior role.
Level lists 1,100+ other open roles at Deutsche Bank.

AI in this role

Junior Trader supporting Agency CMO and MBS desk operations, trade execution, and risk management while leveraging AI tools for productivity.

PythonVBAAI Tools

Job Description:

Job Title Junior Trader – Agency CMO & MBS Desk

Corporate Title – Analyst

Location New York, NY

Position Type Full-Time

Position Overview

We are seeking a highly motivated and analytical Junior Trader to join our Agency CMO and MBS trading desk. This is an early career opportunity designed for an individual looking to develop a deep understanding of structured products, fixed-income markets, and trade execution. The candidate will work directly with senior traders and the team to support daily desk operations, manage trade lifecycles, and assist in 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

Assist senior traders with trade booking, position reconciliation, daily P&L reporting, and daily risk reporting
Monitor market data, yield curves, prepayment speeds, and macroeconomic indicators to identify trading opportunities and risks
Develop and optimize desk tools, databases, and automated workflows to streamline trading processes
Liaison with middle office, risk management, compliance, and technology teams to resolve settlement issues and ensure smooth operational flow

Skills You’ll Need

Recent undergraduate degree with a strong academic performance, including a high GPA with a background in mathematics, finance, or a related quantitative discipline
Familiar with Python, VBA, and other programming languages
Proficient work experience within securitized products is ideal
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

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 110,000k-125,000k. 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

Junior Trader – Agency CMO & MBS Desk at Deutsche Bank rates 45 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

Junior Trader – Agency CMO & MBS Desk is an open job at Deutsche Bank.
Level rates this role AI Level 2 of 4: Uses AI.
The listed salary is $110k+ a year.
The role is based in New York, 1 Columbus Circle and is marked remote.
The job was posted on September 2, 2026.
Seniority: junior.
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

PythonVBAAI Tools

Questions you could be asked

What's a project where you used Python hands-on?
Walk me through how you've used VBA in your day-to-day work.
What are the limits of AI Tools that you've run into, and how did you work around them?
This role expects you to use AI tools as part of the job. Which ones have you used, and for what?
Tell me about a time an AI tool got something wrong. How did you catch it?

Adapt your resume

List these exact terms on your resume: Python, VBA, and AI Tools. 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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