Custody Settlements Officer - Associate

Deutsche Bank; Jacksonville (FL); Hybrid; USD 48,000 - 74,000; Full time

Benefits offered by this job

Hybrid work model

Generous vacation

Employee Resource Groups

Health & retirement benefits

Volunteer programs

Job summary

Deutsche Bank is seeking an Associate on the US Custody Team in Jacksonville, FL to manage trade settlement and payment transactions for diverse clients. You will collaborate with front office partners and other units to drive projects and coordinate with depositories to support access to US security transactions.

You will handle end-to-end settlement, post-settlement activities, and transfer documentation while leveraging AI tools to boost productivity in a compliant manner.

Qualifications

• Bachelor’s degree or equivalent with strong attention to detail.
• Knowledge of Swift and the US settlement market (DTCC, Fed).
• Ability to work in teams and on independent projects as needed.
• Proficient Excel skills with project/testing experience.
• Experience with external vendors and process improvements.

Responsibilities

• Manage end-to-end clearing and settlement of securities and cash transfers via Swift and wires.
• Coordinate with front office, clients, brokers, and vendors to support settlement tasks.
• Oversee settlement date processes, pre-matching, confirmations, and funding.
• Support post-settlement activities, including billing and asset events like dividends.
• Investigate holdings, transfer requests, and paperwork with transfer agents.

Skills

Swift and US settlement knowledge

Microsoft Excel knowledge

Experience with external vendors

Teamwork and independent project work

Detail orientation and time management

Education

Bachelor’s Degree from an accredited college or university

Tools

Excel

Job description

Overview

As an Associate on the US Custody Team, you will be responsible for trade settlement and payment transactions for various clients at Deutsche Bank. You will have the opportunity to work closely with internal front office partners as well as other business units to help bring projects forward. You will interact with various security depositories to help support access to US security transactions for global clients.

Position Overview

• Job Title: Custody Settlements Officer
• Corporate Title: Associate
• Location: Jacksonville, FL

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

• Manage the end-to-end clearing and settlement process, ensuring smooth and timely market settlement of securities and cash transfers between the Bank and its counterparties via Swift messages and wire payments
• Interact with internal and external stakeholders, including front office, clients, brokers, nostro agents, exchanges, clearing houses, and IT vendors, to support the clearing and settlement process and coordinate project-related tasks
• Oversee settlement date processes, including pre-matching and confirmation, trade processing, cash transfer, instruction routing, depot and inventory management, funding, and settlement monitoring
• Support post-settlement processes, including break management, billing, and asset services events such as dividends, interest, stock splits, and maturities to ensure timely client payments
• Investigate position holdings, share transfer requests, and paperwork requirements with transfer agents

Skills You’ll Need

• Bachelor’s Degree from an accredited college or university (or equivalent), with detail orientation and strong time management skills
• Swift and US settlement market knowledge, including Depository Trust and Clearing Corporation (DTCC) and the US Federal Reserve (Fed)
• Ability to work well within a team and on independent projects as needed
• Microsoft Excel knowledge, with project and testing experience
• Experience with external vendors
• Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel

• Excellent analytical skills, flexible regarding production problem solving
• Excellent communication skills, both written and spoken
• Self-motivated

Expectations

It is the Bank’s expectation that employees hired into this role will work in the Jackonville, FL 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 Jacksonville is $48,000 to $74,000. 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

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.

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 [e-mail].

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.

Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law.