Capital Markets Specialist, Xtrackers​/ETFs

About DWS

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Employer: DWS Group

Title: Capital Markets Specialist

Location: London

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

DWS Xtrackers covers a full range Exchange Traded Funds across Equity, Commodities and Fixed Income, as well as Segregated mandates, covering a wide range of index providers and array of benchmark types from multiple ESG flavours to Thematics. DWS has an integrated investment platform with a strong footprint globally.

You’ll be joining the ETP Capital Markets team, which is responsible for managing primary and secondary market activities along with broker dealer relationships and driving strategic initiatives and process improvements across other key external partners’ relationships.

• Perform the day-to-day management of Xtrackers ETP primary market processes, focusing on operational efficiency, scalability, and continuous process improvement.
• Act as a Capital Markets Specialist within Xtrackers, providing strategic, operational, and market expertise to colleagues across Sales, Portfolio Management, Marketing, Operations, and Product teams.
• Identify, manage and mitigate 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.
• 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 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.

• Experience with in ETF/ETP Capital Markets, Delta One, Synthetic Products, Equity Derivatives, or a related trading environment.
• Strong understanding of financial markets, exchange-traded products, and market structure.
• Knowledge of Total Return Swaps (TRS), synthetic replication, and associated trading and operational processes.
• Strong analytical and problem-solving skills with a high degree of attention to…