On behalf of Deutsche Bank, we are looking for a Clearing and Settlements Analyst for an initial 3 month contract based in the banks Moorefield Offices on a hybrid working pattern of 3 days per week in the office and 2 from home, on a PAYE day rate engagement.
Deutsche Bank is a global banking business with strong roots in Germany and operations in over 70 countries. Their large but focused footprint gives an established position in Europe plus a significant presence in the Americas and Asia Pacific. There are four business divisions: the Corporate Bank, the Investment Bank, the Private Bank and the Asset Manager DWS. There are also a number of highly skilled functions performing key management tasks.
'Together we're sharing new perspectives and transforming what it means to be a bank.'
Purpose of the role:
Deutsche Bank Agency Securities Lending 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, outrights and overnight cash deposits.
The role is within the ASL operations/middle office team based in London, whose prime responsibility is to monitor all operational aspects of our PSPP Central Bank clients, provide support/oversight to the ASL operations teams in DBoI, along with supporting DB ASL's Front office.
Key responsibilities
- Daily interaction with DB ASL trading desks (London/Frankfurt) and client services team, building and maintaining strong internal relationships with Business & Global Ops teams.
- Constant communication with client custodians, direct clients and brokers to support all parties' business needs.
- Working on Cash Money Market trade payment and settlements
- Perform monthly including client interest/rebate payments, account proof reconciliation and regulatory reporting tasks.
- Working against aggressive deadlines and client demands to ensure pending PSPP returns are removed from live markets at specific deadlines and all cash depo requirements for PSPP clients are processed in a timely manner.
- Ensuring PSPP clients are fully collateralized (to MTA levels) on a T+1 basis.
- Being aware of risk and understanding the control measures.
- Monitoring settlement and collateral levels for principal book activity
- Provide oversight to ASL settlements teams in DBoI, including daily BaU, ensuring risk and control procedures are adhered to.
Skills and Qualifications
- Strong communication skills, excellent verbal and written communications skills a must
- Strong organisational skills
- Ability to identify and prioritise 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 pressurised 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.
- 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, Clearstream OnLine, EasyWay.
Deutsche Bank's Values
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.
This client will only accept workers operating via a PAYE engagement model.
AMS's payroll service is in partnership with Giant, we have worked with them for many years and have good processes in place to ensure you get the best service. If you are successful in your application for this role, your contract will be via Giant.
AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.