Capital Markets Analyst - Xtrackers/ ETFs

Xtrackers is DWS Group's Exchange Traded Fund platform. The posting describes DWS Xtrackers as covering a full range of Exchange Traded Funds across Equity, Commodities and Fixed Income, as well as Segregated mandates, with multiple ESG flavours and Thematics. Source

The 'Analyst' title indicates an early-career band on the team, sitting below Associate and VP in a standard buy-side ladder, though this specific posting asks for prior experience so the band here is effectively an entry-level specialist hire rather than a graduate intake.

The role sits in the ETP Capital Markets team, which the posting says is responsible for managing primary and secondary market activities along with broker dealer relationships, as well as driving strategic initiatives and process improvements across other key external partners' relationships. Source

Day-to-day scope includes managing Xtrackers ETP primary market processes, overseeing secondary market activity (spreads, liquidity, trading volumes, market depth, premiums and discounts, market maker performance), and building relationships with authorised participants, market makers, broker-dealers, exchanges and other market infrastructure providers. Source

DWS describes itself as an industry-leading firm with a global presence and an integrated investment platform. The posting frames DWS as Investors for a new now, focused on investment solutions on behalf of clients. Source

The posting is tagged as an experienced hire and asks for experience within ETF/ETP Capital Markets, Delta One, Synthetic Products, Equity Derivatives, or a related trading environment. This is not a graduate or summer analyst intake. Source

Technical asks include advanced data analysis using Python, SQL, or similar tools, experience with Bloomberg, Reuters, or equivalent market data platforms, and knowledge of Total Return Swaps (TRS) and synthetic replication. Source

No deadline is stated on the posting, so applications are likely reviewed on a rolling basis rather than against a fixed cutoff, which means earlier is better.

About 21 people have held London roles at DWS Group as a whole since 2018.

A degree in Mathematics, Finance, Economics, Engineering, Computer Science, Physics, or another quantitative discipline is required. Source

The role requires experience within ETF/ETP Capital Markets, Delta One, Synthetic Products, Equity Derivatives, or a related trading environment, plus knowledge of Total Return Swaps (TRS), synthetic replication, and associated trading and operational processes. Source

Fluency in an additional European language and CFA Charterholder or CFA candidate status are listed as beneficial but not required. Source