Custody Settlements Officer - Associate

Deutsche Bank • Jacksonville, FL

19h • $48,000 - $74,000 • Hybrid

About The Position

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.

Requirements

• 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

Nice To Haves

• Excellent analytical skills, flexible regarding production problem solving
• Excellent communication skills, both written and spoken
• Self-motivated

Responsibilities

• 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

Benefits

• 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
• Family building benefits
• Educational resources
• Matching gift and volunteer programs

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level