High Yield Desk Analyst

Job Description:

Job Title High Yield Desk Analyst

Location London

Corporate Title Vice President

You will sit within the European (EU) High Yield (HY) Credit Trading desk in London. The desk’s main activity comprises of market making and carrying inventory of High Yield Corporate Bonds.

The Desk primarily trades with large institutional investors. The traders are supported by an integrated desk analyst team which manages and analyses risks and generates trade ideas to facilitate customer demand.

You will join the High Yield Desk Analyst team working in generating trade ideas and supporting traders manage their risks.

You will start adding value from day one and will have direct contact with the sales force, promote the franchise, run positions and identify value through education in the various products, systems and market practice.

What we’ll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

You can expect:  

• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a Hybrid Working Model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Elaborate secondary trade ideas for the desk in the High Yield bond area
• Credit analysis and cash flow modelling of potential or existing issuers. Bond documentation analysis
• Constant monitoring of existing book positions to avoid being invested in positions where we see downside risk
• Write short-comments on news/results/trade ideas to communicate with clients externally and internally
• Develop desk franchise with key clients, including through meetings and presentations.
• Interacting with rating agencies. Managing other members of staff

Your skills and experience

• Vice President level High Yield Desk Analyst
• Previous relevant experience in Credit preferred
• Extensive knowledge of credit, credit liquidity, credit pricing and the European Client Base
• Being detail oriented, naturally inquisitive and enthusiastic, and consistently striving for self-education
• Displaying innovation as part of a market-leading team with the end goal of developing the business/franchise

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
• We value diversity and as an equal opportunities’ employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (for example, screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

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.