ASL Operations, NCT

Position Overview

Job Title: ASL Operations, NCT

Location: Jaipur, India

Role Description

• Our purpose as a business is to be dedicated to our clients lasting success and financial security. We want to be a bank that creates a positive impact for clients, employees, investors, and society.

• This is made possible by our people. As you'll discover, our culture supports this - diverse, international, and shaped by a variety of different perspectives. We are driven by a shared sense of purpose. At every level agile thinking is nurtured and rewarded with support and provided with opportunities to excel together.

• Agency Service Lending Operations (ASL Ops) is a process of lending out securities of DB London clients and DB America clients, which is held by the client's custodians as and when instructed. However, for some clients DB is the custodian as well, for rest we provide the services.

• The Agency lending team is responsible for day-to-day Static, Recon and Cash/Collateral settlements for its onshore partners DBAG, London and DBAG, New York. This team is based in India on 3 locations Jaipur , Pune and Bangalore.

• The ASL client base is comprised of institutional clients (pension funds, insurance companies, central banks, etc.) which hold large / long balances of these securities.

• Agency Securities Lending (ASL) is a portfolio management tool that institutional clients can use to generate an attractive risk-adjusted portfolio return on their fixed income and equity portfolios as well as cash positions.

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

• Daily exposure management for equity trades for both underlying clients and counterparts. Booking cash collateral in and out from counterparties.

• Monitoring of same day equity trades ensuring settlement, releasing instructions for same day trades into the market, amending trades as per desk requests, processing of crest loans.

• Monitoring of aged equity trades to ensure settlement, amending trades as per desk requests, performing reconciliations tasks, processing of crest returns.

• Monitoring International trades settlement for New York Entity, settling cash on new loans for collateral team to cover exposures.

• Monitor all collateral bookings made by Fixed Income and Equity collateral through to settlement. Bond settlements only

• Agree and settle all deals booked by the Fixed Income trading desk. Also manages the funding generated by these deals. Reconciles the reference linking between Broker system

• Daily exposure management for equity trades for both underlying clients and counterparts. Booking collateral in and out from counterparties. Re-allocating between ASL clients

• Collateral management vs all Triparty Non Cash deals. This includes monitoring the settlement of collateral where we have new deals booked on VD pending release.

• Collateral management vs all Bi-Lat deals (Cash and NC) on a T+1 basis. Agreeing re-prices with counterparty and ensuring all ASL clients are fully covered.

• Working on ASL projects & Initiatives. Producing Operational MI for client and cpty based processes. Trainer of staff for cross training and upskilling. Integrating new regulatory requirements into the team

• Reconciling cash screen balances to ensure they reflect the correct trading balance and the current running balance at Euroclear Bank

• Daily checking of tri party and corporate action Euroclear accounts. To ensure Tri party accounts are funded correctly and to monitor large balances on the corporate action account.

• Checking of over 500k balances across all ASL accounts to ensure there are no unknown balances.

• Daily CBL funding

• Calculating need for borrow at Euroclear, based on daily cash balances on ASL accounts. Ensuring borrow is executed and booked and eod funding performed.

• Monitoring the team performing the Calculation eod funding and, making payments.

• Monitoring of daily exposure management for equity trades for both underlying clients and counterparts. Booking cash collateral in and out from counterparties. Monitoring of same day equity trades ensuring settlement, releasing instructions for same day trades into the market, amending trades as per desk requests, processing of crest loans.

• Supervision on the aged equity trades to ensure settlement, amending trades as per desk requests, performing reconciliations tasks, processing of crest returns.

• Monitor all collateral bookings made by Fixed Income and Equity collateral through to settlement. Bond settlements only

• Daily exposure management for equity trades for both underlying clients and counterparts. Booking collateral in and out from counterparties. Re-allocating between ASL clients

• Collateral management vs all Triparty Non Cash deals. This includes monitoring the settlement of collateral where we have new deals booked on VD pending release.

• Collateral management vs all Bi-Lat deals (Cash and NC) on a T+1 basis. Agreeing re-prices with counterparty and ensuring all ASL clients are fully covered.

• Manage staff on a daily basis, distribute work, assign responsibilities, ensure appropriate staff motivation levels and continuous learning.

• Effectively manage risk and foster an environment where team is fully aware of Operational Risk management.

• Cross train available resources to ensure 100% backup within the areas under control

• Escalate all issues properly, in time, to the appropriate level, to avoid any adverse impact on the business.

Your skills and experience

• Analyst (0-3 years) preferably in Banking / Finance Service Industry/Agency Securities Lending

• Domain knowledge of Settlements / Payments, corporate actions, Cash reconciliation, Billing & Invoice generation, Reconciliation, Loan servicing would be added advantage.

• Good written & verbal communication skills.

• MS Office skills (especially MS excel)

• Ability to provide high transaction productivity and high level of attention to detail.

• Flexibility to work in shifts.

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:

We strive for a 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.