TSCO – Clearing and Settlement Analyst – NCT (Fixed Term)

Position Overview

Job Title: TSCO – Clearing and Settlement Analyst – Fixed Term

Location: Manila

Corporate Title: Analyst

Note: this is for fixed term hiring only

Clearing and Settlement is responsible for managing the end-to-end clearing and settlement process. This is to ensure smooth and timely market settlement of OTC Derivative transactions and cash transfers between the bank and its counterparty. Work includes: (i) Supporting interaction between internal and external stakeholders involved in the clearing and settlement process chain (ii) Allocating assets to optimize the portfolio strategically (iii) Ensuring adherence with market standards (iv) Clearing and settling through both primary and secondary markets and direct payments

What we will offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Competitive Salary

• Attractive Retirement Benefit

• Medical and Life Insurance upon employment

• 5 days Annual Vacation Leaves

Your key responsibilities

As a Clearing and Settlement Operator, you will be accountable for managing the end-to-end settlement process and ensure smooth and timely market settlement of OTC Derivative transactions and cash transfers between Deutsche Bank and its counterparty.

In this capacity you will manage settlement through primary and secondary markets, or direct payment to clients and banks. You will support interfaces with different internal and external stakeholders (front office, clients, brokers, Nostro agents, exchanges and clearing houses) involved in the settlement process chain, according to the market standards. You will be responsible for trade date to settlement date processes (pre-matching and confirmation, trade processing, cash transfer, instruction routing, depot and inventory management, funding and settlement monitoring) and post-settlement date processes (fails management and reconciliations)

Key responsibilities shall include:

• Manage the end-to-end settlement process and ensure smooth and timely market settlement of OTC Derivative transactions and cash transfers between Deutsche Bank and its counterparties/clients.

• Support interfaces with different internal and external stakeholders (front office, clients, brokers, Nostro agents, exchanges and clearing houses) involved in the settlement process chain, according to the market standards.

• Be responsible for trade date to settlement date processes (pre-matching and confirmation, trade processing, cash transfer, instruction routing, funding and settlement monitoring) and post-settlement date processes (fails management and reconciliations).

• Assist in completion of control related tasks such as EOD, approvals and other adhoc requests like audit etc.

• Assist to identify opportunities for process improvements and engage with SMEs/transformation team to discuss feasibility and completion

Your skills and experience

• Strong analytical and problem solving skills.

• Attention to details.

• High degree of initiative; able to perform in a dynamic and fast pace environment and possess the ability to perform under pressure.

• Awareness of risk controls.

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

• Have an understanding of the trade life cycle and a background in Settlements Operations will be an advantage

• Bachelor’s degree, graduate of Banking and Finance - strong understanding of Investment Bank (preferably in Derivatives area)

• Highly motivated, self managed and proactive.

• Exceptional English communication skills – both written and verbal.

• Understand the business requirements and get the things done with highest productivity

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Click here to find out more about our diversity and inclusion policy and initiatives.

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.