India Head of Fixed Income & Currencies Operations & Global Derivative Trade Services Lead

Job Title: India Head of Fixed Income & Currencies (FIC) Operations & Global Derivative Trade Services Lead

Location: Bangalore, India

Corporate Title: Director 

Role Description

• As part of the Investment Bank (IB) Cross Product Ops (CPO) organisation, you will be responsible for India Fixed Income & Currencies (FIC) Operations and our Global Trade Services functions supporting the Investment Bank Trading activities for EMEA, US & Asia regions. We manage trade lifecycle events and related controls across the Investment Bank's platforms and support global trading desks.  You will be based in Bangalore, will report to the co-heads of FIC Operations and will be a member of the India regional Operations management. 
• We are seeking an experienced and dynamic Director to establish and lead our Middle Office teams, within the Operations division, with a specialised focus on Derivatives and post-trade Lifecycle Management. The successful candidate will be responsible for leading a high-performing team from the ground up, implementing robust processes and controls and transforming the function into the Operations of the Future.  You will face off to business leads and partner with key stakeholders to ensure that the on-going running of the business happens in a controlled and effective manner.
• The core objective of the function is to ensure that Deutsche Bank supports its clients in a focused, profitable and competitive capital markets, fixed income and foreign exchange offering. Deutsche Bank Investment Bank is globally competitive in our core markets with 75% of our businesses hold top 5 market positions. Fixed Income & Currencies brings together a top-ranked institutional sales force, world-class research with trading and structuring expertise across Foreign Exchange, Rates, Credit and Emerging Markets.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your key responsibilities

• India Head FIC Operations and Global Trade Services, managing operations processes with teams across Bangalore, Pune & Jaipur locations
• Deliver Best in Class Fixed Income & Currencies Operational Performance across client service, sustainability, accuracy, timeliness and completeness
• Utilising your extensive experience of the Fixed Income & Currencies business, building strong stakeholder relationships across Investment Bank Front Office and 1st and 2nd line functions across the organisation
• Active participation in Association for Financial Markets in Europe (AFME) and other industry working groups to drive industry transformation to focus on:
  • Reduction of settlement risk and payment processing risk through PVP, Blockchain and other emerging technologies
  • Adhere to industry best practice to measure and reduce payment errors. Preparation for T+1 impact as well atomic T0 settlement
• Day to day leadership of the Trade Services function globally, as well as local oversight of our FIC operations india staff.
• Partnering with local regional management to ensure the consistency of performance and controls across all Middle Office functions globally. IB representative in local or Product specific councils and Industry forums..
• Key point of contact for business to support issues resolution as well strategy delivery
• Risk and metric oversight – escalation point to business for Middle Office issues globally
• Self-identifying gaps or shortfalls and raising items accordingly. Working with Divisional Control Office and audit to validate, evidence and close audit points, SII’s, CAP’s, MAP’s and regulatory commitments
• Ensuring key Process and Risk indicators, Controls, Service Level Agreements, Budgets and Vendor Management are reviewed, challenged and adhered to
• Strong and clear communication with senior management, direct reports, broader teams and cross divisions
• Influencing and collaborating with multiple functions across the Bank (including Business, Operations, Technology, Compliance and Audit) to drive accountability, sustainable performance and timely remediation of any or all gaps as and when they arise
• Constructing and coordinating the production of Management Information (MI) highlighting the updates, issues and risks within the department
• Influencing the design and strategic direction of Fixed Income & Currency Operations whilst being aware of the Business Strategy, balancing it with the need to reduce operational costs and deliver on Financial / Strategic targets.

Your skills and experience

• Significant Derivative Middle office or operations experience
• Transformation capability of delivery experience
• Industry knowledge, engagement and representation at Industry forums like AFME
• Experience of audit, risk and regulatory deliverable
• Experience of working with global teams
• Experience of working in a matrix management environment
• Adheres to and promotes the company values and ethical framework, ensuring that the team operates to the same standard of conduct
• Empower and develop staff, identifying training and development needs to ensure effective succession planning and development of capability. Promotes an inclusive environment and are the voice for diversity at all levels
• Leads an environment where people management and development is a top priority. Empowers, manages, coaches and mentors’ direct reports and others in the organization and holds their teams accountable for strong people management practices
• Acts as role model for own team, communicating SMART business driven objectives, ensuring that every team member has continuous and constructive performance reviews, encouraging career development, mobility, nurturing talent and fostering diversity
• Proactively manages tough people decisions to ensure people performance is aligned with organization imperatives and needs. Addresses individual performance issues, where necessary, to drive for high performance/resolution

Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.

How we’ll support you

• Training and development to help you excel in your career
• 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

Please visit our company website for further information:

https://www.db.com/company/company.html

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.