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IB - Rates AUD Repo Trader - VP

Deutsche Bank
Sydney, Australia
Closing date
May 23, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Description:

Details of the Division and Team:

Sydney based Repo Trader with responsibility for managing the AUD and NZD repo business. The repo trader is an integral part of the rates trading business, and will provide secondary coverage of all AUD rates pricing (Cash and Derivative). In addition, to the key responsibilities this role has a lot of scope for involvement across the broader FIC business, including considerable interaction with stakeholders across sales, syndication and treasury.

What we will offer you:

A healthy, engaged and well-supported workforce is 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 center.

You can expect:
  • Competitive salary with superannuation paid over and above fixed pay
  • 4 weeks annual leave, plus one week additional leave*, one week wellbeing leave* and the option to purchase leave (*subject to eligibility criteria)
  • Salary packaging for car parking, motor vehicles, taxis and superannuation
  • Parental leave benefits including 16 weeks paid leave for both primary and secondary career and Childcare Assistance Payment
  • A range of benefits including online employee discount program, annual flu vaccinations, discounted private health insurance, employee referral program
  • Insurance cover for life, total disablement and salary continuance
  • Executive health checks for Directors and Managing Directors
  • Matched giving and paid volunteer leave

Your key responsibilities:

Managing the AUD and NZD repo books
  • Covering short positions in all AUD and NZD fixed income product - Government, Semi Government, SSA and Corporate
  • Financing long positions and managing the secured financing position in co-ordination with Treasury
  • Proactively and efficiently managing collateral to optimise funding and business metrics
  • Providing repo pricing to facilitate both client driven and interbank business.
  • Developing new repo business working closely with sales (onshore and offshore) and trading
  • Risk management of the repo book and optimisation of the repo balance sheet
  • Trade ticketing and booking
  • Managing the allocation of costs to internal bond books
  • Representative for the AFMA Repo committee. Meets quarterly to discussion various industry and product issues/developments
  • Client interface. Contact point with repo clients including the RBA in the domestic market to maximise product penetration.

Providing secondary risk management and pricing coverage across Australia derivatives and cash

Special Projects
  • Driving various new business projects - such as tri party repo and collateral optimisation
  • Create value add MIS related to customer flows to drive new business in bonds and repo.
  • Liaise with relevant internal departments domestically and offshore - trading, sales, operations

Your skills and experience:
  • Minimum 6year experience in a similar Repo Trading role covering short positions in all AUD and NZD fixed income product
  • A strong understanding of the Australian debt markets
  • Degree qualified with a finance, mathematical or equivalent major
  • Strong technical skills. Proficient in excel and VBA.
  • An eye for detail and an ability to multi-task efficiently
  • A willingness to learn quickly and become accountable for decision-making.
  • Strong fundamental and technical knowledge of Finance.
  • Motivated, assertive, innovative, detail oriented, with a focus on efficiency.

How we'll support you:
  • Flexible working to assist you balance your personal priorities
  • 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
  • Training and development to help you excel in your career

About us and our teams:

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

Deutsche Bank & Diversity

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.

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

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