Job Title: Clearing and Settlement Analyst, Securities Services
Location: Manila
Corporate Title: Analyst / Senior Analyst / Associate
Work Hours: 3PM - 12AM or 4PM - 1AM (Mid shift)
Overview
Bonds and ECM/ETF Settlements does exception handling of Fixed Income and Equity (ECM and ETF securities) across business lines including Rates, Credit and Emerging markets. International Non DB Issued creators are mainly UBS, Blackrock (iShares) and Vanguard for which DB is one of the principal bank and has capability to create and redeem stock with State Street who act as an Authorized participant. This involves lot of stake and NAV sensitivity due to competition between similar products. Critical activities includes solving unmatched trades, prioritizing CCP deliveries, raising traded short ISIN through define reports to trading desk, working on settling subscription and redemption queries, Singapore/HK creations and TLM reconciliation. Delay in foresaid activities have directly impact in creating daily penalties or complaints raised by client. Specially, creation orders versus client deliveries if booked in LDN-APAC zones have risk of VD buy-in if arrangement of moving stock is not in line. Post settlement activity includes chasing counterparties for unmatched fails trades, receive/delivery of securities and depot management. Team raises queries to internal MO/FO for solving the discrepancies.
What we’ll offer you
A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.
Competitive Salary
Attractive Retirement Benefit
Medical and Life Insurance upon employment
20 days Annual Vacation Leaves
Your key responsibilities
The ideal candidate in Role for Fixed Income Securities + Equity will perform activities related to Trade Life Cycle of Fixed Income Securities, Trade enrichment/Settlement for APAC + Europe markets
Role has an extensive responsibility to handle Key Client queries and end to end resolutions
Process Control checks and Reporting Functions
Work on unmatched trades by contacting counterparties and middle office to solve economic and non-economic discrepancies. Updating cash/stock SSI and fixing location matrix from ODC for STP settlement
Performing inventory management on each ISIN to cover shorts by chasing c/p on receipts, requesting DRL team to move stock from one market to another and raising traded short ISIN to desk in designated format.
Understands and effectively manages risks through timely and accurate escalation and resolution of key issues.
Working on unmatched/inventory management of iShares creations/redemptions booked during the day and receiving such communication from State Street who acts as our Authorize participant.
Action on settlement inventory task (TFSC, TFSA, CLSS) by agreeing reversal with c/ps or manual settlement of trade.
Instructing manual swifts (MT540,541,542,543) through FMS in cases such as net off, reversal, dupe settlement.
Clearance of nostro and depot TLM breaks by performing required level of investigation and raising issue to appropriate teams.
Preparation of risk reports like SOD, EOD, DB MI to share open risk with management.
Knowledge about CASS, CSDR and other regulatory changes and its applicability to day to day operations.
Pre-matching of trades with CPTY / inventory management / clearing and settlement of trades
Monitor and confirm incoming funds for timely settlement in compliance with market practice.
Closely work with Risk Team, Middle Office and Front Office to push payments from their queue and assist in resolving payment issues and exceptional items
Handle client queries including ad-hoc queries via phone and email
Pro-actively chase counterparties and relevant groups in resolving non receipt of funds or payment issues and trade settlements issues.
Understand the importance of managing issues and escalations
Perform counterparties SSI, Trade amendments and FX Bookings
Ensure & prepare the smooth settlements with Market and client / affiliate trades.
Arrange for stock borrow to avoid the fail to deliver the stock to the client
Calculating & confirming collateral balance of SBL and General Margin trades
Ensuring & preparing the smooth settlement of market trades and client / affiliate trades
Liaise with relevant teams for settlement inquiries relating to SBL equity transactions
Communicating with external/internal clients
Creating & sending various reports to on-shore units
Primary working relationships:
Global settlement management
Global operations management
Internal stakeholders
Your Skills and Experience:
Graduate preferably in Business Administration or related course
Responsibility for the Back Office operations for Settlement under Fixed Income/Equity product, Understands the importance of TAT/SLA’s and proactively works towards maintenance of the same.
Gain Expertise in processing in end-to-end life cycle of Trades
Understands and effectively manages risks through timely and accurate escalation and resolution of key issues.
The role requires extensive internal and external stakeholder communication.
Should have strong knowledge of trade life cycle and good understanding of Equities product and Business and European market nuances
Strong analytical skills, detail oriented, flexible to work in shifts and take additional responsibility when needed.
Very good verbal and written articulation/communication skills
Should be able to challenge status quo.
The ideal candidate should have hands on Experience in Trade settlements and should have managed Trade operations in the past, preferably for European markets.
Proficient in MS office with specific concentration on MS Excel
Good analytical skills and trouble shooting skills
Ability to work in partnership with various support team, Key stakeholders and should be able to lead key projects
Managing client/SA/MO/TA escalations and mitigating the process risks
Responsible for responding to ad-hoc issues or client queries on a timely basis, ensuring all communications have been responded to before end of day.
Ensure process documentation is relevant and updated regularly for your process to audit standards.
Actively supports transformation and/or optimization initiatives to improve the efficiency/effectiveness of the process.
Be a Team player and support your wider team mates at all times., Shall be able to work in global environment
Ensure accurate and timely delivery of services to clients
Reporting Multiple MIS
Good communication Skills
Settlement coverage from Sydney to London
Primary Working Relationship
Liaising with Domestic Agents, Middle offices, Traders, Counterparties, Frankfurt, London, US and other internal counterparts via mail and phone to ensure smooth settlements.
How we’ll support you
Training and development to help you excel in your career.
Flexible working to assist you balance your personal priorities.
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
Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.
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.
Click here to find out more about our diversity and inclusion policy and initiatives.
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 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.