US LD Clearing & Deliveries Clerk - Associate

Deutsche Bank; Corona (CA); On-site; USD 54,000 - 84,000; Full time

Benefits offered by this job

Hybrid work model

Health and wellbeing benefits

Retirement savings plans

Parental leave & family building

Job summary

Deutsche Bank in Chicago is seeking an Associate US LD Clearing & Deliveries Clerk to support futures clearing for US-domiciled clients, manage expiry, exercise, and delivery events, and ensure timely, accurate position reporting.

You will collaborate with clients, trading desks, Compliance, and external firms, perform end-of-day processing across DB systems, and contribute to control improvements and regulatory readiness.

Qualifications

• Must have futures industry operations experience including clearing, expiry processing, and position reporting.
• Familiarity with CME/ICE US and foreign markets; understanding of clearing requirements and delivery reporting.
• Proficiency with GMI/FIS, FISCD, and Microsoft Office applications (Excel, Word, Access, Visio).
• Ability to investigate operational issues, perform root-cause analysis, and identify automation opportunities.

Responsibilities

• Own accurate, timely processing of US futures option expiries and deliveries, including in-the-money/out-of-the-money reviews and exercise/assignment notifications.
• Manage end-of-day production across Deutsche Bank systems, third-party vendors, regulatory reporting agencies, and exchange applications.
• Monitor foreign-market trades for US-domiciled clients; validate positions and ensure accuracy of regulatory and client reporting.
• Research and resolve complex processing inquiries through root-cause analysis and escalation.
• Collaborate with clients, service teams, trading desks, Compliance, exchanges, and external firms to clear issues and support audits.
• Complete and evidence daily control checklists, support ad hoc reporting, and identify automation opportunities to improve workflows.

Skills

Futures clearing experience

Option expiry handling

Regulatory reporting

GMI/FIS system knowledge

MS Office proficiency

Tools

GMI/FIS

MS Office (Excel/Word/Access/Visio)

Job description

Job Description:

Job Title US LD Clearing & Deliveries Clerk

Corporate Title Associate

Location Chicago, IL

Overview

As an Associate US LD Clearing & Deliveries Clerk within our Chicago Investment Banking Operations team, you will support the processing and clearing of futures activity across North and South American exchanges, as well as major foreign markets for US-domiciled clients. You will manage critical option expiry, exercise, assignment, abandonment, and delivery requirements while ensuring positions and regulatory reports are accurate and completed within strict timelines. By partnering with clients, trading desks, trade support, Compliance, exchanges, and external firms, you will help resolve issues that could affect daily processing and position reporting. Your attention to detail and focus on process improvement will strengthen operational controls, support regulatory readiness, and help the team deliver reliable service across the futures clearing business.

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

• Own the accurate, timely processing of US futures option expiries and deliveries, including in-the-money and out-of-the-money position reviews and exercise, assignment, and abandonment notifications
• Manage end-of-day production across Deutsche Bank systems, GMI/FIS, FISCD, third-party vendors, regulatory reporting agencies, and exchange applications, including statements, open-position reporting, and expiry and delivery notification
• Monitor foreign-market trades for US-domiciled clients and use evaluative judgment to identify breaks, validate positions, and protect the accuracy of regulatory and client reporting
• Research and resolve complex processing inquiries involving exchange or bank rules, system functionality, Last Trade Date, and First Notice Day requirements through root-cause analysis and timely escalation
• Partner with clients, Client Service, Trade Support, trading desks, balancing teams, Compliance, exchanges, and external firms to clear outstanding issues and provide documentation for internal audits and regulatory, financial, or exchange inquiries
• Complete and evidence daily control checklists within required timelines, support ad hoc reporting, and identify opportunities to automate processes, improve workflows, and maintain procedures using Microsoft Excel, Word, Access, and Visio

Skills You'll Need

• Proven futures industry operations experience, including clearing, option expiration, delivery processing, and position reporting
• Working knowledge of Chicago Mercantile Exchange (CME) Group and ICE US applications, regulations, clearing requirements, expiration processes, and delivery reporting; familiarity with MGE, BM&F, EUREX, ME, or other foreign markets
• Proficiency with GMI/FIS, FISCD, and Microsoft Office applications, including Excel, Word, Access, and Visio
• Demonstrated ability to investigate operational issues, perform root-cause analysis, and identify opportunities for process automation and workflow improvement
• Demonstrated attention to detail, written and verbal communication skills, and ability to complete time-sensitive work within defined deadlines
• 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 written and verbal communication skills, with the ability to coordinate effectively across clients, trading desks, operations teams, Compliance, exchanges, and external firms
• A proactive, self‑motivated approach to resolving issues, conducting root‑cause analysis, and escalating risks within time‑sensitive processes
• Strong attention to detail and the ability to organize competing priorities while meeting strict operational and regulatory deadlines
• An adaptable, continuous‑improvement mindset, with an interest in learning proprietary systems and identifying opportunities to improve or automate workflows
• A collaborative and accountable working style that supports reliable execution, effective controls, and a positive client experience

Expectations

It is the Bank's expectation that employees hired into this role will work in the Chicago 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 Chicago is $54,000 to $83,500.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.

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 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!

Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life

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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.