Capital Markets Analyst, Deutsche Bank
Xtrackers/ ETFs
2 days a week in office
Investment bank and financial services company
Posted today
Investment bank and financial services company
1001+ employees
Posted today
2 days a week in office
1001+ employees
Company mission
To be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.
Role
Who you are
- Experience within ETF/ETP Capital Markets, Delta One, Synthetic Products, Equity Derivatives, or a related trading environment
- Strong understanding of financial markets, exchange-traded products, and market structure
- Knowledge of Total Return Swaps (TRS), synthetic replication, and associated trading and operational processes
- Strong analytical and problem-solving skills with a high degree of attention to detail
- Experience managing projects and coordinating multiple stakeholders across complex initiatives
- Strong risk awareness, with the ability to identify issues and implement effective controls and mitigation measures
- Advanced data analysis skills, including experience with Python, SQL, or similar analytical tools
- Experience using Bloomberg, Reuters, or equivalent market data platforms
- Strong communication and interpersonal skills, with the ability to engage effectively with senior stakeholders, clients, and external partners
- Self-motivated team player with a proactive approach to delivering results in a fast-paced environment
- Experience working with ETF market makers, authorised participants, exchanges, or liquidity providers
- Knowledge of regulatory, operational, and trading considerations relevant to European ETF markets
- Fluency in an additional European language would be beneficial
- CFA Charterholder or CFA candidate would be beneficial
- Degree in Mathematics, Finance, Economics, Engineering, Computer Science, Physics, or another quantitative discipline
What the job involves
- DWS Xtrackers covers a full range Exchange Traded Funds across Equity, Commodities and Fixed Income, as well as Segregated mandates, covering a wide range of index providers and array of benchmark types from multiple ESG flavours to Thematics
- DWS has an integrated investment platform with a strong footprint globally
- You’ll be joining the ETP Capital Markets team, which is responsible for managing primary and secondary market activities along with broker dealer relationships , as well as driving strategic initiatives and process improvements across other key external partners’ relationships
- Perform the day-to-day management of Xtrackers ETP primary market processes, focusing on operational efficiency, scalability, and continuous process improvement
- Identify and manage operational risks, ensuring robust governance, escalation, and resolution procedures
- Partner with internal stakeholders across Trading, Operations, Product, Portfolio Management, Legal, Compliance, and Sales to support new product launches, cross-listings, and platform developments
- Develop and enhance primary market mechanisms that support efficient creation and redemption activity, enabling tight spreads, strong liquidity, and depth in secondary markets
- Act as a Capital Markets Specialist within Xtrackers, providing strategic, operational, and market expertise to colleagues across Sales, Portfolio Management, Marketing, Operations, and Product teams
- Oversee and analyse secondary market activity across exchanges, including spreads, liquidity, trading volumes, market depth, premiums/discounts, and market maker performance
- Build and maintain relationships with authorised participants, market makers, broker-dealers, exchanges, and other market infrastructure providers to enhance primary and secondary market efficiency
- Engage with exchanges regarding market structure, trading platform requirements, market maker programmes, fees, and regulatory developments
- Serve as a key point of contact for internal and external clients, responding to technical product enquiries and supporting capital markets-related initiatives
- Produce market intelligence, competitor analysis, and trading analytics to support product development, business strategy, and client engagement
- Utilise high-frequency market data to develop and enhance analytical tools, reporting capabilities, and trading insights
- Maintain responsibility for the quality and accuracy of European Xtrackers ETP market data, ensuring robust, timely, and scalable data management processes
- Collaborate with Sales, Marketing, Product Development, and external partners to maximise the value delivered to clients through market data, research, and analytics
- Support product development and delivery through analysis of competitor products, secondary market dynamics, broker requirements, and market structure considerations, including new product launches and listings
- Contribute to the ongoing development of the Xtrackers capital markets platform and broader business strategy
Salary benchmarks
Our take
Deutsche Bank is one of Europe's biggest banks, operating in around 60 countries. It has a long history but hasn't struggled to keep up with the changing times. Like launching Vert, a digital payments service for small and medium businesses, and focusing on investments that are good for the environment and society.
The banks performance in 2025 was impressive too. In the first nine months, pre-tax profit reached €7.7B (up 64% from last year) and net profit climbed to €5.6B (a 76% increase). And all business divisions delivered double-digit profit growth, supported by revenue gains and disciplined cost management.
If this wasn't impressive enough, the bank is also making strong progress in ESG, reporting €23B in sustainable financing in the third quarter of 2025 alone. With these healthy finances, a clear strategic direction, and a focus on responsible growth, Deutsche Bank is in a very promising position for the future.
Freddie
Company Specialist at Welcome to the Jungle
Insights
11% employee growth in 12 months
Company
Company HQ
Westend-Süd, Frankfurt, Germany
Leadership
Christian Sewing
(CEO)Christian joined Deutsche Bank in 1989 as a Banking Apprentice. Since then, he has held a number of roles and became CEO in 2018.
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