US LD Clearing & Deliveries Clerk - Associate

Deutsche Bank•Chicago, IL

1d•Hybrid

About The Position

As an Associate US LD Clearing & Deliveries Clerk within our Chicago Investment Banking Operations team, you will support the processing and clearing of futures activity across North and South American exchanges, as well as major foreign markets for US-domiciled clients. You will manage critical option expiry, exercise, assignment, abandonment, and delivery requirements while ensuring positions and regulatory reports are accurate and completed within strict timelines. By partnering with clients, trading desks, trade support, Compliance, exchanges, and external firms, you will help resolve issues that could affect daily processing and position reporting. Your attention to detail and focus on process improvement will strengthen operational controls, support regulatory readiness, and help the team deliver reliable service across the futures clearing business.

Requirements

Proven futures industry operations experience, including clearing, option expiration, delivery processing, and position reporting
Working knowledge of Chicago Mercantile Exchange (CME) Group and ICE US applications, regulations, clearing requirements, expiration processes, and delivery reporting; familiarity with MGE, BM&F, EUREX, ME, or other foreign markets
Proficiency with GMI/FIS, FISCD, and Microsoft Office applications, including Excel, Word, Access, and Visio
Demonstrated ability to investigate operational issues, perform root-cause analysis, and identify opportunities for process automation and workflow improvement
Demonstrated attention to detail, written and verbal communication skills, and ability to complete time-sensitive work within defined deadlines
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 written and verbal communication skills, with the ability to coordinate effectively across clients, trading desks, operations teams, Compliance, exchanges, and external firms
A proactive, self-motivated approach to resolving issues, conducting root-cause analysis, and escalating risks within time-sensitive processes
Strong attention to detail and the ability to organize competing priorities while meeting strict operational and regulatory deadlines
An adaptable, continuous-improvement mindset, with an interest in learning proprietary systems and identifying opportunities to improve or automate workflows
A collaborative and accountable working style that supports reliable execution, effective controls, and a positive client experience

Responsibilities

Own the accurate, timely processing of US futures option expiries and deliveries, including in-the-money and out-of-the-money position reviews and exercise, assignment, and abandonment notifications
Manage end-of-day production across Deutsche Bank systems, GMI/FIS, FISCD, third-party vendors, regulatory reporting agencies, and exchange applications, including statements, open-position reporting, and expiry and delivery notification
Monitor foreign-market trades for US-domiciled clients and use evaluative judgment to identify breaks, validate positions, and protect the accuracy of regulatory and client reporting
Research and resolve complex processing inquiries involving exchange or bank rules, system functionality, Last Trade Date, and First Notice Day requirements through root-cause analysis and timely escalation
Partner with clients, Client Service, Trade Support, trading desks, balancing teams, Compliance, exchanges, and external firms to clear outstanding issues and provide documentation for internal audits and regulatory, financial, or exchange inquiries
Complete and evidence daily control checklists within required timelines, support ad hoc reporting, and identify opportunities to automate processes, improve workflows, and maintain procedures using Microsoft Excel, Word, Access, and Visio

Benefits

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
Health and wellbeing benefits
Retirement savings plans
Parental leave
Family building benefits
Educational resources
Matching gift and volunteer programs