Capital Markets Analyst - Xtrackers/ ETFs
On-siteLondon, England, United Kingdom
Job Summary
Manage Xtrackers ETP primary market processes, focusing on operational efficiency, scalability, and continuous process improvement. Identify and manage operational risks, ensuring robust governance, escalation, and resolution procedures. Partner with internal stakeholders across Trading, Operations, Product, Portfolio Management, Legal, Compliance, and Sales to support new product launches, cross-listings, and platform developments. Develop and enhance primary market mechanisms that support efficient creation and redemption activity, enabling tight spreads, strong liquidity, and depth in secondary markets. Oversee and analyse secondary market activity across exchanges, including spreads, liquidity, trading volumes, market depth, premiums/discounts, and market maker performance. Build and maintain relationships with authorised participants, market makers, broker-dealers, exchanges, and other market infrastructure providers to enhance primary and secondary market efficiency. Engage with exchanges regarding market structure, trading platform requirements, market maker programmes, fees, and regulatory developments. Serve as a key point of contact for internal and external clients, responding to technical product enquiries and supporting capital markets-related initiatives. Produce market intelligence, competitor analysis, and trading analytics to support product development, business strategy, and client engagement. Utilise high-frequency market data to develop and enhance analytical tools, reporting capabilities, and trading insights. Maintain responsibility for the quality and accuracy of European Xtrackers ETP market data, ensuring robust, timely, and scalable data management processes. Collaborate with Sales, Marketing, Product Development, and external partners to maximise the value delivered to clients through market data, research, and analytics. Support product development and delivery through analysis of competitor products, secondary market dynamics, broker requirements, and market structure considerations, including new product launches and listings. Contribute to the ongoing development of the Xtrackers capital markets platform and broader business strategy.
Required Qualifications
- Experience within ETF/ETP Capital Markets
- Experience within Delta One
- Experience within Synthetic Products
- Experience within Equity Derivatives
- Experience within a related trading environment
- Strong understanding of financial markets
- Strong understanding of exchange-traded products
- Strong understanding of market structure
- Knowledge of Total Return Swaps (TRS)
- Knowledge of synthetic replication
- Knowledge of associated trading and operational processes
- Strong analytical and problem-solving skills
- High degree of attention to detail
- Experience managing projects
- Experience coordinating multiple stakeholders across complex initiatives
- Strong risk awareness
- Ability to identify issues
- Ability to implement effective controls
- Ability to implement mitigation measures
- Advanced data analysis skills
- Experience with Python
- Experience with SQL
- Experience with similar analytical tools
- Experience using Bloomberg
- Experience using Reuters
- Experience using equivalent market data platforms
- Strong communication and interpersonal skills
- Ability to engage effectively with senior stakeholders
- Ability to engage effectively with clients
- Ability to engage effectively with external partners
- Self-motivated team player
- Proactive approach to delivering results
- Ability to deliver results in a fast-paced environment
- Experience working with ETF market makers
- Experience working with authorised participants
- Experience working with exchanges
- Experience working with liquidity providers
- Knowledge of regulatory considerations relevant to European ETF markets
- Knowledge of operational considerations relevant to European ETF markets
- Knowledge of trading considerations relevant to European ETF markets
- Fluency in an additional European language
- CFA Charterholder
- CFA candidate
- Degree in Mathematics
- Degree in Finance
- Degree in Economics
- Degree in Engineering
- Degree in Computer Science
- Degree in Physics
- Degree in another quantitative discipline
Desired Qualifications
- Fluency in an additional European language would be beneficial
- CFA Charterholder or CFA candidate would be beneficial
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