Trading Enabler, Distressed Products Group, VP

Job Title: Trading Enabler, Distressed Products Group, VP

Location: Mumbai, India

Role Description

• DPG is a specialised unit within DB’s Global Credit Trading business. DPG is the pre-eminent market maker of securities across the globe engaged in the trading, investment, structuring and provision of new financing to performing and non-performing companies and markets. The desk primarily trades with large institutional investors. The traders are supported by an integrated desk analyst team which manages and analyzes risks and positions the desk well for client demand.
• Distressed Products Group makes markets in distressed bonds, distressed loans and par loans across all European markets. It also covers EM markets such as LatAm and Eastern Europe. The team is managed out of London and Frankfurt.
• The team also undertakes significant positioning alongside co-investors in active restructurings, insolvency situations, and strategic roles in formulating direction (debt for equity, conversions, rights issues, enforcements, inter-creditor negotiations, litigation, and operations).
• Analyst support is required for risk management and position-taking in a fast-evolving environment. The desk analyst is required to analyze the underlying businesses and structures, understanding valuation and prepare pitches, teasers, trade summaries etc. to help the traders take positions.
• The analyst will be expected to conduct extensive fundamental analysis and underwrite complex credit risk, incorporating technical and legal trade aspects, to give actionable trade recommendations to the trading team.

What we will offer you

As part of our flexible scheme, here are just some of the benefits that you will enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• Identification of dislocated / fundamentally-driven credit trading opportunities
• Credit analysis and cash flow modelling of potential or existing issuers / issues
• Credit documentation analysis
• Constant monitoring and management of existing book positions to avoid being invested in positions where we see downside risk.
• Continuous internal communication to allow the team to manage risk in a timely and accurate fashion
• Interacting with legal advisors and financial advisors
• Experience in distressed investing, comfort with insolvency and bankruptcy situations will be useful

Your skills and experience

• Expecting 15+ years relevant experience  - check out similar platforms with distressed experience, focusing on EMEA / US / Asia.
• Team player with strong communication skills and attention to detail.
• Strong academic background with MBA from a Tier 1 institute or a Chartered Accountant.
• Preference for candidates who understands fundamental credit analysis, specifically distressed debt market.
• Comfortable with analyzing legal documents, Facility Agreements, and conduct Covenant Analysis
• Strong quantitative and analytical skills.
• Intellectually curious, and ready to work under pressure.

How we will support you

• Training and development to help you excel in your career.
• 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.

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.htm

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.