Role Description
- Deutsche Bank Agency Securities Lending (ASL) is the lending division of Global Transaction Banking, Cash management with operations supported by Global Transaction Banking CIB Ops & Tech. The primary responsibility of this department is to focus on being a third-party lending provider, offering a lending product to sophisticated external and internal clients supported by our business.
- As a third-party lender DB ASL have full access to our clients portfolios both via full/part Power of Attorney, or instruction execution via their global custodian. The program has been designed to actively provide lending services around fixed income and equity products, to the broker community and internal Deutsche Bank groups, as part of our self-collateralization product. The execution of equity/bond loans raises cash and security collateral that both needs to be managed and invested in products such as tri-party, reverse repo, outright and overnight cash deposits.
- The role is within the ASL Operations/middle office team based in India, whose prime responsibility is to monitor all operational aspects of our PSPP Central Bank clients, provide support/oversight to the ASL operations teams in DIPL, along with supporting DB ASL’s Front office.
What we’ll offer you
As part of our flexible scheme, here are just some of the benefits that you’ll enjoy,
- Best in class leave policy.
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above
Your key responsibilities
- Role is part of the Global Cash, Surveillance & Messaging and ASL Operations, to lead a diverse team across 3 locations Bangalore, Jaipur and Pune.
- The Vice President (VP) of the ASL Ops, will be primarily responsible for leading the Service Delivery for ASL Ops locally reporting to Director (Global Cash Operations – India NOC) and functionally reporting to Global Head of ASL Operations based in London
- The VP (ASL Operations) is responsible for managing multiple teams across locations providing services to all regions on 24x 6 basis, across a follow the sun model covering EMEA, US and APAC time zones.
- Own the end-to-end process by ensuring controls are enhanced, risks are mitigated to achieve zero error delivery and process is automated as much as possible.
- Daily interaction with DB ASL trading desks (London/Frankfurt/New York) and client services team, building and maintaining strong internal relationships with Business & Global Ops teams.
The candidate is completely responsible for the delivery of processes managed including delivery on
- Service Delivery
- Risk & control
- Transformation
- People Management
- Cost Optimization
- Regulatory compliance
- Relationship Management (Regions & Branches)
- Understand and apply ASL Ops strategies and objectives on key aspects of Service Delivery, Cost, Risk & control, Transformation & efficiency /Process Improvement, People, Regulatory compliance to own Operations unit
- Delivery on any global Transformation initiatives
- Keep all operational guidelines updated and ensure adherence to standards, procedures and identify risk mitigated wherever there is a control issue
- Conduct regular operational performance reviews
- Effectively manage risk and adherence to the risk & control framework in line with Regulatory requirements / Internal policies /Audit standards
- Responsible for managing complete and correct processing of transactions in a timely manner (including performing all relevant controls)
- Develop strong engagement with Regions/Branch Served and all internal stakeholders
- Ensure all Group Policies requirements are adhered
- Manage teams performing various processes within ASL Operations.
- Resource /Headcount Management for the Area/Region served.
- Liaise with stakeholders and Vendor Management team for various aspects relating to Service delivery of the team
- Ensure Quality awareness within the team
- Manage transitions on time-to-time basis
- Service Delivery Governance Framework through performance reviews like SDM, ORB etc
- Role involves managing a team of ~ 40 employees involving AVPs, Associates and Analysts /Sr Analysts
- Actively supports the business strategy, plans and values, contributing to the achievement of a high-performance culture
- Takes ownership for own career management, seeking opportunities for continuous development of personal capability and improved performance contribution
- High performance culture which is integrated with Banks Values and Beliefs
- Acts as a role model for employees
- Driving culture of Strong Performance Management
Your skills and experience
You will have: (Skills/Experience)
- Strong communication skills, excellent verbal and written communications skills a must
- Strong organizational skills
- Ability to identify and prioritize multiple tasks within your daily workload in accordance to business and client needs
- Ability to work in a fast-paced, highly regulated environment
- Ability to deliver a high standard of work in a pressurized environment without the need for correction
- Good understanding of securities lending processes and/or strong knowledge of fixed income and equity settlements and/or trade support functions.
- Cash or security settlements, a well as Loan and Repo product knowledge.
- Operations experience with exposure to the globes trading markets
- Experience of the following systems is beneficial; Global One, RMW (Agency Lending “front end” system), Bloomberg, BoNY Access ADM, Clear stream Online, EasyWay.
You will be: (Skills/Competencies)
- A strong team player
- Educated to degree level of equivalent
How we’ll support you
- Training and development to help you excel in your career.
- 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.
