IB - Asia NDF/NDS Trader - Associate/VP

Job ID:R0396939

Full/Part-Time: Full-time

Regular/Temporary: Regular

Listed: 2025-07-09

Location: Singapore

Position Overview

Details of the Division and Team:

The Global Emerging Markets business consists of Interest Rate Derivatives, Foreign Exchange and Cash Bonds trading businesses. The Global Emerging Markets business is a market leading provider of innovative investment, risk management and financing solutions to Corporates, Governments and Institutional Investors globally. The Cross Markets Solutions (CMS) team is based in Singapore which looks at all client activities across Asian market access, cash and synthetic products, asset swap book, Liquid Asset Financing, liability management, advisory business across institutions and corporates, balance sheet/RWA management among other activities

What we will 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 center.

You can expect:

Flexible benefits plan including virtual doctor consultation services

• Comprehensive leave benefits
• Gender Neutral Parental Leave
• Flexible working arrangements
• 25 days of annual paid leave, plus public holiday & Flexible Working Arrangement

Your key responsibilities:

Market Making & Trading

• Actively quote and manage risk in Asia NDFs and Long-Dated NDS across key Asia markets.
• Trade Asia local currency Rates, FX swaps, and Cross-Currency Basis when appropriate to manage Forward risk and monetize curve dislocations.
• ]Monitor Interest Rate Curves, Central Bank Operations, and Monetary Policy pricing to identify RV and directional opportunities across FX and rates.

Client Coverage & Flows Origination

• Partner with various Sales teams to facilitate market-making services and bespoke trade ideas to real-money investors, corporates, and hedge funds.
• Structure client risk solutions that involve FX and local rates dynamics, tailored to flow and macro context.
• Provide high-quality market color on both FX and local rates across Asia EM.

Strategy, Research & Analytics

• Work closely with research and strategy to interpret macroeconomic data, central bank policy shifts, and flow trends for integrated FX/Rates positioning.
• Collaborate with strategists, quants, and e-FX teams to enhance pricing models and analytics.
• Support internal portfolio risk discussions with macro themes, trade ideas, and scenario analysis.

Platform Development & E-Trading

• Collaborate with e-FX team to enhance platform development for NDF and NDS products.
• Help shape DB’s digital FX offerings across key Asia markets through Autobahn and other 3rd party platforms

Your skills and experience:

• For Associate: Minimum of 3 years experience in trading emerging markets FX and/or interest rate products
• For Vice President: Minimum 6 years’ experience in trading emerging markets FX and/or interest rate products
• Prior experience working with EM Asia macroeconomics, central bank operations, and regional capital flow dynamics
• Familiarity with electronic trading platforms and market microstructure in both FX and rates
• Experience with FX forward curve construction, carry optimization
• Experience with both NDF and local currency IRS / NDS
• Working knowledge of short-term funding markets, repo curves, and cross-currency basis mechanics
• Proficiency in data analysis and trading automation tools (Python, Excel VBA, Bloomberg API, etc).
• Strong communication skills and ability to collaborate across trading, sales, strategy, and technology teams.

Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply

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:

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.