Quant jobs / Deutsche Bank

Quant Trader – Electronic Trading, Municipal Bonds

A senior quant trading and research seat in the rates division's municipal bond e-trading team. It owns the automated pricing, hedging and trading algorithms used for client and inter-dealer flow.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Analyse client and competitor flow in municipal bonds to find pricing improvements
Tune the hyperparameters and models behind the automated quoting algorithms
Build hedging logic that uses Treasuries and government bond futures
Monitor algorithm bookrunners and keep the e-trading business within regulatory rules
Work with engineering and voice traders to extend the trading platform

What they ask for

Required

Automated market making in flow products
Pricing and risk management for liquid markets
Statistics and data analysis
Programming for research and production
Cross-asset cash and derivatives understanding
Communicating research to the business

Preferred

Municipal bond and muni derivative knowledge
US Treasury and bond futures experience
Java or C++ for algo coding
Quantitative degree (BSc, MSc or PhD)

Education: Numerate degree (BSc, MSc or PhD) or equivalent experience
Experience: Substantial experience in automated market making for flow products
Languages and tools: KDB+/q
Python
R
Java
C++
Markets: fixed-income

How to prepare

Build a simple dealer quoting model with inventory skew and back-test it on bond trade data
Learn how fixed-income hedging with Treasury futures works, including DV01 matching
Practise kdb+/q queries on time-series trade and quote data
Study market microstructure for dealer-to-client versus inter-dealer venues

What to study

The Quantitative Researcher roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on Deutsche Bank’s site before applying: requirements, location and pay can change after we check them.

View the posting on Deutsche Bank’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Deutsche Bank and doesn’t handle applications.