Job
Description
:
In Scope of Position based Promotions (INTERNAL only)
Job Title -
Clearing and Settlement Analyst, Associate
Location - Bangalore, India
Role Description
You will be part of Derivative Settlements team; the team aims to process daily pre and post settlements and related activities either manually or STP. 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 KPIs 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 well offer you
.100% reimbursement under childcare assistance benefit (gender neutral)Sponsorship for Industry relevant certifications and educationAccident and Term life Insurance
Your key responsibilities
Ensuring 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 timelineQuery 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.Diligence, attention to detail and commitment to maintaining a strong control environment.Dedication, drive, and a strong work ethic.Good client relationship management skills understanding the importance of good client service, both external and internalAbility to work under pressure and manage tight deadlines, in an increasingly regulated environmentBe a strong team playerReviewing workflows and operating procedures to ensure that they remain up to date and implementing process improvements.Reviewing daily benchmark reports for each of the process lines, investigating benchmark breaches and working towards process improvements/quality enhancementsEnsure adequate back-ups created for all critical positions and assist other teams during contingencies (Staff shortage, high volumes etc)To build process documentation, define benchmarks, capacity model, baseline volumes etc. for teams managedDriving 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.Detailed oriented, adaptable to changes in the work environment while maintaining strong teamwork and project ownership.Focus on high-risk transactions and keep all operational guidelines updatedContinuously evaluate existing processes, challenging current procedures, and suggesting enhancement as appropriate to improve the efficiency and STP ratePerforming UAT testing for all the changes initiated by the team or by internal stakeholdersActive involvement in working groups by gathering feedback from end users and providing input to the business on enhancement.Excellent oral and written communication skills would be required to interact with both business and technical stakeholders.Drive project initiatives to increase efficiencySolid knowledge of MS office tools such as Word, Excel, PPTMIS Reporting and performing analysis on settlement breaksDetailed oriented, adaptable to changes in the work environment while maintaining strong teamwork and project ownership.Responsible for the supervision and oversight of a team Performance, Risk Indicators and Service level agreementsResponsible for analysis, change and continuous improvement as well as the first or second level escalation point for the team.Responsible for building, fostering, and managing relationships with relevant stakeholders (internal and/or external) and around the more time critical, complex, or regulated tasks.
Primary working relationships:
Global settlement managementGlobal operations managementInternal stakeholders
Your Skills and Experience
Graduate preferably in Commerce8 years of experience in Rates & Credit Pre & Post settlement and knowledge of Foreign Exchange settlement is an added advantage.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.
How well support you
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About us and our teams
Please visit our company website for further information:https://www.db.com/company/company.htm
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.
