Job Description

Details of the Division and Team:

Deutsche Bank Research provides independent, high-quality analysis and forecasts for financial markets, economies, and policy. Our insights are vital for both internal stakeholders and external clients, informing investment decisions and strategic planning worldwide.

Deutsche Bank Research is seeking a highly motivated and experienced Japan Rates Strategist to join our team in Tokyo. This individual will play a crucial role in providing in-depth analysis and strategic insights into the Japanese fixed income markets, with a particular focus on the unique dynamics of institutional investors. The successful candidate will leverage their expertise to identify market opportunities, assess risks, and effectively communicate their views to a diverse, global client base.

What we will offer you:

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Corporate Group Insurance – premium borne by company
• Annual health checkup – cost borne by company (once a year; conditions apply)
• Flexible Work Arrangements – various ways to work, to fit employees’ needs
• Child care and elderly care benefits – corporate discount through designated child care & elderly care vendors
• EAP – free and confidential counseling, online work-life resources
• Employee networks – Diversity, volunteering, sports, family care - various activities to participate
• Special leaves entitlement

Your key responsibilities:

• Deep Dive into Japanese Institutional Investor Behavior: Develop and maintain a comprehensive understanding of the liabilities, regulatory frameworks, and investment behaviors of Japanese life insurance companies and banks. This includes analyzing their asset allocation strategies, hedging practices, and responses to market and policy changes.
• Supply-Demand analysis of the Japanese Government Bond market
• Strategic Market Insights: Generate high-quality research reports, presentations, and commentaries on Japanese fixed income markets, including government bonds, interest rate derivatives, and related instruments.
• Client Engagement: Effectively communicate complex market views and strategic recommendations to internal stakeholders (e.g., sales, trading) and external clients, both verbally and in written form.
• Global Monetization: Contribute to monetizing insights and analysis for clients outside of Japan, leveraging strong English communication skills to reach an international audience.
• Collaboration: Work closely with other research teams, sales, and trading desks to ensure a holistic view of the market and to facilitate the timely delivery of actionable insights.
• Flexibility on Macro: While a strong understanding of macroeconomics is a plus, the primary focus of this role is on rates strategy driven by micro-level institutional behavior.

Your skills and experience:

• Demonstrable expertise in understanding the liabilities, regulatory environment, and investment behavior of Japanese life insurance companies and banks.
• Knowledge of the Japanese cross-currency market would be a plus.
• Excellent written and verbal communication skills in English, suitable for a global audience.
• Strong analytical and quantitative skills, with the ability to interpret complex financial data.
• Ability to work independently and as part of a team in a fast-paced environment.
• A proactive and inquisitive mindset, with a passion for financial markets.

Education/ Qualifications

• Fluency in Japanese for engaging with local stakeholders and fluency in English for engaging with international investors.
• A solid understanding of macroeconomic principles and their impact on fixed income markets.
• Prior experience in analysing the Japan Rates market or coverage of the Financial Services sector from an Equity Research perspective would be an advantage
• Advanced degree in finance, economics, mathematics, or a related field.

How we’ll support you:

• Flexible working to assist you balance your personal priorities
• 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
• Training and development to help you excel in your career

About us and our teams:

Deutsche Bank is the leading German bank with strong European roots and a global network. click here to see what we do.

Deutsche Bank & Diversity

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.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.