Capital Markets Analyst - Xtrackers/ETFs

About the role

DWS is hiring a Capital Markets Analyst for its Xtrackers ETP Capital Markets team in London. The team manages primary and secondary market activities, broker-dealer relationships and strategic initiatives across the Xtrackers range of exchange-traded funds covering equity, commodities and fixed income, as well as segregated mandates.

Key responsibilities

• Manage day-to-day primary market processes, operational risks and governance, escalation and resolution procedures.
• Partner with Trading, Operations, Product, Portfolio Management, Legal, Compliance and Sales on new product launches, cross-listings and platform developments.
• Develop primary market mechanisms for efficient creation and redemption, and oversee secondary market activity such as spreads, liquidity, volumes, premiums/discounts and market maker performance.
• Maintain relationships with authorised participants, market makers, broker-dealers, exchanges and other market infrastructure providers, and engage with exchanges on market structure, fees and regulation.
• Act as a key point of contact for clients, respond to technical product enquiries and produce market intelligence, competitor analysis and trading analytics.
• Use high-frequency market data to build analytical tools and reporting, and ensure the quality and accuracy of European Xtrackers ETP market data.
• Support product development and the Xtrackers capital markets platform, and contribute to the business strategy.

Required profile

• Experience in ETF/ETP capital markets, Delta One, synthetic products, equity derivatives or a related trading environment.
• Knowledge of Total Return Swaps (TRS), synthetic replication and their trading and operational processes.
• Experience managing projects and coordinating multiple stakeholders, and strong risk awareness.
• Experience with ETF market makers, authorised participants, exchanges or liquidity providers.
• Fluency in an additional European language and a CFA charterholder or candidate would be beneficial.
• Degree in Mathematics, Finance, Economics, Engineering, Computer Science, Physics or another quantitative discipline.

Required skills

• Advanced data analysis, including Python, SQL or similar tools.
• Bloomberg, Reuters or equivalent market data platforms.
• Strong analytical, problem-solving and communication skills.

What we offer

• 30 days' holiday plus bank holidays, with the option to buy extra days.
• A non-contributory pension scheme up to 10%, and physical and mental health well-being benefits.
• Family-friendly benefits including parental leave, healthcare plans and travel insurance.
• Opportunities to support the company's climate and social justice strategy.
• Hybrid working in the UK: two days in the office and three days from home, depending on the business group.