Clearing & Settlement Analyst (Custody Operations)

About the Role

This position is for an Operations Analyst based in Jaipur, India, working within Deutsche Bank’s custody operations. The primary function is to support settlement and reconciliation activities across various markets, with a significant focus on the CREST system. The role involves close interaction with multiple teams including Client Services, Network Management, Tax, UAT support, Static Data, and Reconciliation. The geopolitical remit covers the MMA UK region.

Key Responsibilities

• Identify potential operational issues and take suitable actions, escalating to management as necessary.
• Prepare, verify, and dispatch SWIFT instructions to Depositories and Agents accurately.
• Address and resolve discrepancies arising from unmatched items while establishing permanent solutions for recurring problems.
• Generate pending trade reports and liaise with custodians or agents to resolve settlement issues using phone or designated systems.
• Oversee and verify the accuracy of work performed by analysts, support cash and stock account reconciliation against agent bank statements, and resolve differences.
• Detect discrepancies in cash or other ledger accounts and pursue resolution until closure.
• Escalate issues promptly to appropriate levels to prevent business impact.
• Analyze processes to identify opportunities for re-engineering and conduct User Acceptance Testing (UAT).
• Assist client services in resolving client-related settlement problems.
• Contribute to creating backups by cross-training within the department.
• Ensure settlements are completed on time.
• Report exceptional incidents to the Team Manager for timely interventions.
• Support management with special projects or assignments as required.
• Provide decision-making assistance and act as backup for the Team Manager.
• Create and maintain client and management management information systems (MIS).
• Help draft and review Key Operating Procedures (Kops).
• Proactively balance workloads by assisting team members when necessary.
• Innovate and suggest automation to improve processes and efficiency.
• Continuously seek process improvements to enhance operational effectiveness.

Required Qualifications and Experience

• Possession of an MBA or a bachelor's degree in finance or related field; MBA preferred.
• Securities certifications are advantageous.
• 2 to 4 years of experience in securities operations, settlements, reconciliation, or custodian-related activities.
• Experience working with investment banks, custodians, or security market intermediaries.
• Knowledge of the CREST market is beneficial.
• Exposure to global custodians is desirable.
• Experience in implementing technology projects related to securities is valuable.

Preferred Skills and Attributes

• Excellent communication abilities.
• Strong analytical thinking.
• Effective written and presentation skills.
• Team-oriented mindset.
• Good time management and organization skills.
• Capability to work under pressure and meet deadlines.
• Self-motivation with minimal supervision.
• Diligent, detail-oriented, proactive with initiative.
• Ability to leverage AI tools responsibly to boost productivity and solve business challenges.

Employee Benefits

• Leading leave policies including gender-neutral parental leave.
• Full reimbursement for childcare assistance with gender neutrality.
• Sponsorship available for industry certifications and education.
• Employee Assistance Programs accessible for employees and their families.
• Comprehensive hospitalization coverage for employees and dependents.
• Accident and term life insurance policies.
• Complementary health screenings for employees aged 35 and above.
• Career development through training, coaching, and continuous learning culture.
• Flexible benefits to accommodate personal preferences.

Additional Information

The company encourages a collaborative, responsible, and commercially aligned culture where employees are empowered to excel and celebrated collectively. Applications are welcomed from all individuals promoting a diverse and inclusive workplace.