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Internship RMS FX desk - Milan (f/m/x)

Deutsche Bank

Deutsche Bank

Milan, Italy
Posted on Feb 20, 2026

Job Description:

For over 150 years, our dedication to being the Global Hausbank for our clients has been driven by our people – in around 60 countries and across more than 150 nationalities.

Their deep understanding, insights, expertise, and passion help our clients navigate an increasingly complex world – be it in our Corporate Bank, our Private Bank, our Investment Bank or our Asset Management division.

Together we can make a great impact for our clients home and abroad, securing their lasting success and financial security.

Our RMS FX desk is a leader in structuring and marketing Foreign Exchange, Cash, and Derivatives hedges to a diverse portfolio of European corporate clients. You'll work with multinational investment-grade and high-yield companies across various sectors, including healthcare, consumer goods, technology, media & telecom, industrials, infrastructure, and energy. While the primary focus is FX, this internship offers unique exposure to our Commodities and Rates desks across Europe, providing a holistic understanding of risk management across different asset classes.

We are specifically focused on helping clients manage FX risk associated with:

  • Budget hedging
  • Asset/Liability hedging
  • Special situations impacting corporate FX exposure

Responsibilities

The candidate will have the possibility to assist the team in and be trained on the following activities:

  • Analyze complex client risk exposures and contribute to the development of tailored risk management strategies.
  • Assist in cultivating strong client relationships through continuous, idea-driven coverage and customized updates on market developments.
  • Collaborate with Corporate Finance and Capital Markets professionals to originate new risk management business, supporting clients' strategic and geographic expansion initiatives.
  • Gain exposure to all aspects of the trade process, including documentation, onboarding, credit approval, derivatives pricing, execution and restructuring.
  • Support the preparation of compelling client presentations, financial statement analysis, and term sheets.
  • Work closely with our Rates and Commodities desks, broadening your understanding of integrated risk solutions.

Skills

  • Bachelor's degree in Finance, Business Administration, or a related field, with near completion of a Master's in Finance.
  • A strong quantitative aptitude and keen interest in financial markets.
  • Clear, accurate, and confident communicator comfortable in client-facing situations.
  • Fluency in English (both written and spoken) is essential.
  • Commercial acumen, self-motivated with a strong drive for new business opportunities.
  • Prior Experience (Nice to have): Previous experience on a fixed income or macro products desk.

Start Date: March 2026, duration: 6 months

Well-being & Benefits

Emotionally and mentally balanced: We encourage work-life balance and we are committed to provide an environment with your development and wellbeing at its centre. We support you in dealing with life crises, maintaining stability through illness, and maintaining good mental health. We promote a culture where you can openly speak about mental health (Personal Support Line).

Physically thriving: We support you managing your physical health by taking appropriate preventive measures and providing an insurance coverage and welfare benefits.

Socially connected: We strongly believe in collaboration, inclusion and feeling connected to open up new perspectives and strengthen our self confidence and well being; we organize conferences, webinar and networking opportunities to share diversity, equity and inclusion contents.

Financially secure: We support you to meet personal financial goals during your active career and for the future. Benefit from meal allowance, Pension Fund, Welfare Plan, banking services for employees.

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.