CollateralOptimizationTrader

## _**Job Description:**_ **Job Title** Collateral Optimization **Corporate Title** Vice President **Location** New York, NY **Overview** The Deutsche Bank Collateral Optimisation Group (COG) sits within Core Rates Trading which is part of the Investment Bank (IB). The COG trading desk is responsible for the determination and delivery of the eligible assets to post against outstanding derivatives exposure, to mitigate and protect the bank from Counterparty Credit risk. The COG desk is responsible for ensuring the efficient posting of Collateral for all OTC Bilateral and Cleared derivatives traded by all derivatives trading desks across the IB with the mandate to optimise the Trading Profit and Loss, Balance Sheet and Infrastructure costs. The desk liaises with the margin managers to ensure efficient allocation and substitution of collateral, as well as engaging with Sales and Trading to look at new client transactions where the eligible collateral is a key factor in the possible structure. **What You 'll Do ** * Day to day management of the Collateral posted both to the Bank’s bilateral counterparts and Central Counterparty Clearing Houses (CCPs) * Understand the balance between cheapest to deliver and balance sheet impact in order to ensure that Collateral received from third parties is used efficiently, and at the same time ensure that Collateral posted to third parties (including CCPs) is the cheapest to deliver * Evaluating assets that are posted/received, along with evaluating the options available and choosing the path that creates the right mix of cost/balance sheet efficiency for the Bank * Taking ownership of P&L and balance sheet to constantly endeavor to minimize cost * Help evolve the Collateral function to face incoming regulation and market structure changes * Responsible for managing the balance between algorithm driven optimization and client expectations, making a positive impact on the Bank’s PnL and balance sheet by working with Trading, Sales, St