Custody Settlements Officer - Associate

Job Description:

Job Title Custody Settlements Officer

Corporate Title Associate

Location Jacksonville, FL

Overview
 

As an Associate on the US Custody Team, you will be responsible for trade settlement and payment transactions for various clients at Deutsche Bank. You will have the opportunity to work closely with internal front office partners as well as other business units to help bring projects forward. You will interact with various security depositories to help support access to US security transactions for global clients.

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

• Manage the end-to-end clearing and settlement process, ensuring smooth and timely market settlement of securities and cash transfers between the Bank and its counterparties via Swift messages and wire payments

• Interact with internal and external stakeholders, including front office, clients, brokers, nostro agents, exchanges, clearing houses, and IT vendors, to support the clearing and settlement process and coordinate project-related tasks

• Oversee settlement date processes, including pre-matching and confirmation, trade processing, cash transfer, instruction routing, depot and inventory management, funding, and settlement monitoring

• Support post-settlement processes, including break management, billing, and asset services events such as dividends, interest, stock splits, and maturities to ensure timely client payments

• Investigate position holdings, share transfer requests, and paperwork requirements with transfer agents

Skills You’ll Need

• Bachelor’s Degree from an accredited college or university (or equivalent), with detail orientation and strong time management skills

• Swift and US settlement market knowledge, including Depository Trust and Clearing Corporation (DTCC) and the US Federal Reserve (Fed)

• Ability to work well within a team and on independent projects as needed

• Microsoft Excel knowledge, with project and testing experience

• Experience with external vendors

• 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 analytical skills, flexible regarding production problem solving

• Excellent communication skills, both written and spoken

• Self-motivated

Expectations

It is the Bank’s expectation that employees hired into this role will work in the Jackonville, FL 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 $48,000 to $74,000. 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.