Clearing & Settlements, AS

Position Overview

Job Title: Clearing & Settlements, AS

Corporate Title: Associate

Location: Bangalore, India

Role Description

Payments Processing is responsible for the accurate and timely processing of all types of payments including processing of physical cash/valuables, as well as the handling of cash related investigations.

Work includes:

• Processing time-critical transactions on behalf of the bank's internal and external clients
• Ensuring that procedures are properly executed to reduce processing risk and identify potential areas for process improvement whether internally within the bank or for our clients
• Managing relationships between front office and external parties
• Ensuring that all payment-related information and relevant parties are processed according to established Service Level Agreement (SLAs) and industry guidelines

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

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Functional skills:

• Assisting the team in decision making and taking complete ownership of the situation
• Daily exposure management for equity trades for both underlying clients and counterparts. Booking cash collateral in and out from counterparties.
• Monitoring of same day equity trades ensuring settlement, releasing instructions for same day trades into the market, amending trades as per desk requests, processing of crest loans.
• Monitoring of aged equity trades to ensure settlement, amending trades as per desk requests, performing reconciliations tasks, processing of crest returns.
• Monitoring International trades settlement for New York Entity, settling cash on new loans for collateral team to cover exposures.
• Monitor all collateral bookings made by Fixed Income and Equity collateral through to settlement. Bond settlements only
• Agree and settle all deals booked by the Fixed Income trading desk. Also manages the funding generated by these deals. Reconciles the reference linking between Broker system
• Daily exposure management for equity trades for both underlying clients and counterparts. Booking collateral in and out from counterparties. Re-allocating between ASL clients
• Collateral management vs all Triparty Non Cash deals. This includes monitoring the settlement of collateral where we have new deals booked on VD pending release.
• Collateral management vs all Bi-Lat deals (Cash and NC) on a T+1 basis. Agreeing re-prices with counterparty and ensuring all ASL clients are fully covered.
• Working on ASL projects & Initiatives. Producing Operational MI for client and cpty based processes. Trainer of staff for cross training and upskilling. Integrating new regulatory requirements into the team
• Reconciling cash screen balances to ensure they reflect the correct trading balance and the current running balance at Euroclear Bank
• Daily checking of tri party and corporate action Euroclear accounts. To ensure Tri party accounts are funded correctly and to monitor large balances on the corporate action account.
• Checking of over 500k balances across all ASL accounts to ensure there are no unknown balances.
• Daily CBL funding
• Calculating need for borrow at Euroclear, based on daily cash balances on ASL accounts. Ensuring borrow is executed and booked and eod funding performed.
• Monitoring the team performing the Calculation eod funding and, making payments.

People /Process Management:

• Provide adequate information during system issues to IT and Global owner for resolution.
• Participate on the Issue related call and take decision or check out in system when IT makes changes.
• Manage staff on a daily basis, distribute work, assign responsibilities, ensure appropriate staff motivation levels and continuous learning.
• Keep all operational guidelines updated and ensure adherence to standards, procedures and also identify risk mitigations wherever there is a control issue
• Conduct regular operational performance reviews and participate in monthly self-assessments.
• Effectively manage risk and foster an environment where team is fully aware of Operational Risk management.
• Work closely with other internal teams on upcoming projects, assignments and initiatives
• Ensure performance of staff meet or exceed expectations.
• Participate in cross process initiatives which are formulated to create or improve existing processes.
• Cross train available resources to ensure 100% backup within the areas under control
• Escalate all issues properly, in time, to the appropriate level, to avoid any adverse impact on the business.

Your skills and experience

The successful individual will have diverse experience of the financial sector in any of the following areas; Operations, risk/controls, quality assurance, compliance or audit and have experience managing deliverables & maintaining effective relationships with global senior management. Overall 8+ yrs of experience.

• Substantial and relevant experience in a global banking environment.
• Stock Lending, Collateral management or similar functions is preferred
• Experience in trade capture, settlements, and reconciliations across different products preferred as candidate will be required to know the full trade life cycle process
• Strong communication and interpersonal skills.
• Strong analytical and problem-solving skills.

Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

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.

About us and our teams

Please visit our company website for further information:

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.