Clearing and Settlement Operator

Job Description:

Job Title Clearing and Settlement Operator

Corporate Title Assistant Vice President

Location Jacksonville, FL

Overview

You will be part of the FX and Commodities Settlements Team, responsible for managing daily pre and post settlement activities through both manual and Straight-Through Processing (STP) workflows. The team’s core responsibilities include ensuring the timely settlement of Foreign Exchange (FX), Energy and Emissions trades, processing cash transfers for clients and banks, and reconciling internal ledgers against incoming and outgoing cash flows. You will be responsible for ensuring the operations environment is run in a controlled manner, ensuring that all KPI’s are achieved and delivered to the standards agreed. The job holder also needs to ensure the resources both human and technological are managed effectively to ensure that all operational risks are mitigated, there is coverage to ensure any business requirements - standard and non-standard are understood and always met; Job holder needs to manage market-driven flows, understand the client and market needs and be able to manage the team to adapt to these to ensure delivery. Other responsibilities include cross-training, succession planning, preparation of management reports and contributing to departmental initiatives and working with various departments to ensure timely and accurate processing of all activities on a regular basis

within the given timelines.

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

• Ensure timely and accurate processing of all FX, Commodities, Energy and Emissions pre- and post-settlement activities in line with agreed service levels

• Manage settlement breaks, cash discrepancies and client queries by coordinating with Sales, Trading, Operations, Deutsche Bank branches and external counterparties

• Act as a key point of contact for stakeholders across the UK, US and APAC regions, ensuring prompt resolution of critical and complex issues

• Supervise day-to-day team activities, monitor KPIs and SLAs, and serve as an escalation point for operational risks and exceptions

• Drive process improvements through automation, workflow optimisation, enhanced STP rates and implementation of strategic initiatives, including User Acceptance Test and system enhancements

• Maintain process documentation, capacity models and business continuity plans, while producing MIS reports, analyzing operational trends and identifying opportunities for improvement

Skills You’ll Need

• Bachelor’s degree

• Relevant working experience in investment bank – preferably in Derivatives

• Should understand Derivatives workflow

• PC literate (Word, Excel – macro, Power point)

• 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

• Good communication and interpersonal skills

• Time Management and Stress Management Skill

• Assisting the team in decision making and taking and be the backup for the Team Manager

• Analytical ability to analyze process for re-engineering opportunities

• Strong analytical skills and ability to multitask

Expectations

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 $63,000 to $97,000. 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

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.