The Cross Asset Derivative Settlements Team aims to process daily pre and post settlements and related activities either manually or STP. The core functions covered within the team is to ensure timely matching of trade confirmations, trade settlement, cash transfers to clients and banks, reconciliation of ledgers with the incoming/outgoing funds. The team is required to understand the fundamentals of the product and underlying instruments and business strategy.
You will be responsible for ensuring the operations environment is run in a controlled manner, ensuring that all KPI's are achieved and delivered to the standards agreed. The job holder also needs to ensure the resources both human and technological are managed effectively to ensure that all operational risks are mitigated, there is coverage to ensure any business requirements - standard and non-standard are understood and always met. Job holder needs to manage market-driven flows, understand the client and market needs and be able to manage the team to adapt to these to ensure delivery.
Other responsibilities include cross-training, succession planning, preparation of management reports and contributing to departmental initiatives, and working with various departments to ensure timely and accurate processing of all activities on a regular basis within the given timelines.
What we'll offer you
A healthy, engaged and well-supported workforce are 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.
- Competitive Salary
- Attractive Retirement Benefit
- Medical and Life Insurance upon employment
- 20 days Annual Vacation Leaves
Your key responsibilities
- Ensure that all trade confirmations are matched in a timely manner, meeting the relevant regulatory requirements on confirmation timeliness.
- Ensure all the daily pre and post settlements are completed within the agreed timeline
- Query investigation/resolution which often involves coordinating with Sales, Trading, other DB branches and department members as well as external customers.
- Liaise with onshore contacts in UK, US & APAC, acting as a primary point of contact for investigation and resolution of any outstanding issues and problems.
- Review workflows and operating procedures to ensure that they remain up to date and implementing process improvements.
- Review daily benchmark reports for each of the process lines, investigating benchmark breaches and working towards process improvements/quality enhancements
- Ensure adequate back-ups created for all critical positions and assist other teams during contingencies (Staff shortage, high volumes etc)
- build process documentation, define benchmarks, capacity model, baseline volumes etc. for teams managed
- Drive Process Improvement through innovation, and involvement of all.
- Effectively manage risk and foster a robust control environment where team is fully aware of Operational Risk management.
- Continuously evaluate existing processes, challenging current procedures, and suggesting enhancement as appropriate to improve the efficiency and STP rate
- Performing UAT testing for all the changes initiated by the team or by internal stakeholders
- MIS Reporting and performing analysis on settlement breaks
- Responsible for the supervision and oversight of a team Performance, Risk Indicators and Service level agreements
- Responsible for analysis, change and continuous improvement as well as the first or second level escalation point for the team
Primary working relationships:
- Global settlement management
- Global operations management
- Internal stakeholders
Your Skills and Experience:
- Bachelor's degree in Business Administration, Finance or any related course
- Proven experience in Rates & Credit Pre & Post settlement and knowledge of Foreign Exchange settlement
- Strong understanding of Settlement framework, Knowledge of the recent CASS regulation, Regulatory rules and & timeliness affecting OTC Derivatives.
- Strong analytical skills, detail orientation, service commitment, and solid organizational and interpersonal skills.
- Fluent with English, both verbal and written communication.
- Ability to work independently, as well as in a team environment.
- Eye for detail, ability to multitask, and meet strict deadlines
- Amenable to mid-shift: 3pm to 12mn and 4pm to 1am
- Amenable to hybrid working arrangement
How we'll support you
- Training and development to help you excel in your career.
- 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.
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.
Our values define the working environment we strive to create diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click here to find out more about our diversity and inclusion policy and initiatives.
