Job Description:
Job Title Trade Operations Analyst
Corporate Title Analyst
Location New York, NY
Overview
The Fed Settlements team is part of the wider TSCO Operations group within Deutsche Bank. Our team was created with goal of continually refining and evolving the settlements process of U.S. Treasury securities settlements and trade flow optimization. Join us here, and you'll constantly be looking ahead.
What We Offer You
• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift, and volunteer programs What You'll Do
• Reconcile and Fixed Income Clearing Corp (FICC) Obligation Orders between Bank of New York (BONY) / (Fed Wire Custodian) and ICI (Books and Records System), as well as ensure all settlement instructions are entered properly into the Bank of New York Clearance System, and optimize Delivery opportunities through the use of Partials, Pair-Off's and Inter-Day Securities Borrowing
• Resolve Settlement discrepancies by monitoring exception queues inter-day while performing position reconciliations between internal and external systems and confirm Fails and report discrepancies
• Manage, track and report daylight overdrafts at BONY and participates in DR tests (internal and external) and system upgrades/enhancements and prepare Department's MIS pack
• Reconcile FICC Uncompared Repo Report - (Breaks) and the FICC GL/Wash Account
• Monitoring of FICC RTTM (Real Time Trade Match) system
• Manage FICC Obligations and Blind Broker Fails, FICC Collateral Substitution Process, GCF (General Collateral Finance) Processing, and BONY and FICC-GSD Monthly Billing Skills You'll Need
• BA, BS or Associate degree in Brokerage/Financial accounting or moderate relevant experience with Securities Operations experience, and proficient in Brokerage/Financial accounting and Excel
• Solid operational skills: (Solid understanding of trade processing and settlement procedures)
• Excellent technical skills: (you must have Fed wire clearance system experience and FICC system for US Treasury/Agency products. You must be proficient in PC desk-top applications; i.e., Microsoft office suite Excel, Words, PowerPoint and Access
• Job knowledge: (You must have knowledge of the Firm's markets, products, business and regulations) specific to Fedwire products (US Treasuries, Agencies and Mortgage Backed Securities)
• Core Systems Utilized: ICI/Broadridge ADP's IMPACT Back-Office system (Books and Records and settlement engine), The BONY Broker Dealer Clearance System, Magellan Repo Front Office system, FICC system for Government Securities Division's (GSCC) Real time Trade Match (RTTM), On Demand, DTE/FISS, Appix Skills That Will Help You Excel
• Strong reconciliation skills and analytical skills: (ability to utilize different techniques to resolved problems transactions)
• Excellent Interpersonal skills: (You must have excellent communication/oral skills and interacts well with other team members; i.e., Clients, Sales, Trading, Ops, Information Technology (IT), counterparts' back and middle office ops). You must be able to work in a high pressure environment due to the fact that a significant portion of the transactions are process/settle real time, on-line with critical dead-line
• Good organization and communication skills are essential
• You should be ambitious, possess drive and be a self starter looking to drive the Business forward and continually challenge the current processes Expectations
It is the Bank's expectation that employees hired into this role will work in the New York, NY office in accordance with the Bank's hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in New York, NY is $45,000 to $80,750. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authenti-cally and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice please email HR.Direct@DB.com .
LI-HYBRID
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.
We are an Equal Opportunity Employer - Veterans/Disabled and other protected categories. Click these links to view the following notices: EEOC Know Your Rights ; Employee Rights and Responsibilities under the Family and Medical Leave Act ; Employee Polygraph Protection Act and Pay Transparency Nondiscrimination Provision.
