Trade Operations Analyst

Deutsche Bank AG; Jacksonville, Northern (FL, KY); Hybrid; USD 40,000 - 69,000; Full time

Benefits offered by this job

Hybrid work model

Health & wellbeing benefits

Retirement savings plans

Parental leave

Volunteer programs

Job summary

Deutsche Bank AG in Jacksonville seeks an experienced settlements specialist to reconcile FICC obligations, manage mortgage-backed securities funding, and optimize delivery workflows. You will collaborate with BONY, Fed Wire Custodian, and internal teams to reduce risk while ensuring accurate trade settlements.

The role requires strong analytical abilities, knowledge of Fedwire products, and proficiency with Microsoft Office.

Qualifications

• Bachelor's or Associate degree in Brokerage/Financial accounting or related experience
• Strong analytical skills and problem solving abilities
• Solid understanding of trade processing and settlement procedures
• Excellent technical skills with Fed wire clearance and FICC systems; proficient in MS Office
• Knowledge of Fedwire products (US Treasuries, Agencies and MBS)
• Ability to leverage AI tools to improve productivity and ethical use of data

Responsibilities

• Reconcile FICC Obligation Orders between BONY, Fed Wire Custodian and ICI.
• Ensure Mortgage Backed Securities Financing Transactions at BONY are processed into Repo Collateral Protection.
• Provide expedited handling for Trust Receipts and Syndicate trades.
• Optimize Delivery opportunities using Partials, Pair-Offs and Inter-Day Securities Borrowing.
• Resolve Settlement discrepancies by monitoring exception queues and performing position reconciliations.
• Participate in Disaster Recovery tests and system upgrades/enhancements

Skills

Fed wire clearance

FICC system

Data analysis

Education

Brokerage/Financial accounting

Tools

Broadridge IMPACT

BONY clearance system

RTTM system

Job description

The Fed Settlements team is part of the wider Trade Settlements and Confirmation 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. As part of Trade Confirmations & Settlement Operations team, you will work to settle Equity & Bonds trades with Global clients for Deutsche Bank. You will also partner with internal teams to constantly reduce the financial & reputational risk to the Bank.

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 Fixed Income Clearing Corp (FICC) Obligation Orders between the Bank of New York (BONY), Fed Wire Custodian and ICI (Books and Records System)

Ensure that all Mortgage Backed Securities Financing Transactions at BONY are process into Repo Collateral Protection

Provide special expedited handling for Trust Receipts and Syndicate trades

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 and perform position reconciliations between internal and external systems; Confirm Fails and report discrepancies

Participates in Disaster Recovery tests (internal and external) and in system upgrades/enhancements

Skills You’ll Need

Bachelors or Associate degree in Brokerage/Financial accounting or moderate Securities Operations experience

Strong analytical skills: (ability to utilize different techniques to resolve problems transactions)

Solid operational skills: (Solid understanding of trade processing and settlement procedures)

Excellent technical skills: (Must have Fed wire clearance system experience and FICC system for US Treasury/Agency products. Must be proficient in PC desk-top applications; i.e., Microsoft office suite Excel, Words, PowerPoint and Access

Job knowledge: (Must have knowledge of the Firm’s markets, products, business and regulations) specific to Fedwire products (US Treasuries, Agencies and Mortgage Backed Securities)

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 Interpersonal skills: (Must have excellent communication/oral skills and interacts well with other team members; i.e., Clients, Sales, Trading, Ops, IT, counterparts’ back and middle office ops). 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 and should be ambitious, possess drive and be a self starter

Systems knowledge: ICI/Broadridge ADP’s IMPACT Back-Office system (Books and Records and settlement engine), The BONY Broker Dealer Clearance System

FICC system for Government Securities Division’s (GSCC) Real time Trade Match (RTTM)

It is the Bank’s expectation that employees hired into this role will work in the Jacksonville 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 $40,000 to $68,500. 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.

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 authentically 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!

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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.

Click these links to view "Deutsche Bank’s Equal Opportunity Policy Statement" and the following notices: "EEOC Know Your Rights" ; "Employee Rights and Responsibilities under the Family and Medical Leave Act" ; and "Employee Polygraph Protection Act" .