Domestic Stock Loan Operations -Billing

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 75,140 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

www.db.com

 

Über die Deutsche Bank

Die Deutsche Bank ist eine weltweit führende Investmentbank mit einem starken und erfolgreichen Privatkundengeschäft sowie sich gegenseitig verstärkenden Geschäftsfeldern. Führend in Deutschland und Europa wächst die Bank verstärkt in Nordamerika, Asien und anderen Wachstumsmärkten. Mit 75.140 Mitarbeitern in 75 Ländern bietet die Deutsche Bank weltweit einen umfassenden Service. Ziel der Bank ist es, der führende Anbieter von Finanzlösungen für anspruchsvolle Kunden auf der ganzen Welt zu sein und damit nachhaltig Mehrwert für Aktionäre und Mitarbeiter zu schaffen.

www.deutsche-bank.de

 

IB Operations:

IB Operations is a dynamic and diverse division that ensures trades are settled in a timely, cost efficient manner, that risk is minimised and that the client experience is a pleasant one.  Spread across multiple product areas (Derivatives, Securities, Global Finance & Foreign Exchange Operations, Loans, Trust and Securities, as well as cross functional entities) IB Operations strives to do things smarter, faster and more effectively.  It meets the technical and operational challenges of processing transactions worth hundreds of billions of Euros every day, across multiple time zones in all the major currencies and markets.

 

Domestic Stock Loan Operations -Billing

Job Description:Collection and payment of all fees and rebates for Securities lending transactions.Resolution of all billing discrepancies using Loanet and all relevant industry systems.Balancing and reconciliation skills involving ADP and DTCC.Control daily operations for Stock loan activity in three different DTC numbers.Contract comparison, review and resolution of open breaksMark to the market maintenanceDaily rate changesCall-backs- Stock loan returnsNegative market exposure and controlDTCC Settlement, navigation of the prominent PTS functions utilized for settlement such as ART, POS, SETP, MSEG, DOAP, DOAD.Processing bookkeeping entries in ADP, must be able to modify and review batches.Control and review of DBOI operations India.

Skills Required:Thorough knowledge of the Loanet Stock Loan system.Knowledge of the DTC settlement screens and the SPO process The ability to work under pressure dealing with large sums of money and restrictive time restraints.Interaction with the Stock Loan sales team and other broker dealers...Knowledge of ADP and the major research functions such as SINR and MRGI.The ability to work with clients and resolve discrepancies quickly and amicably.Good IT skills, such as Windows XP and Microsoft Word and ExcelMotivated and PositiveExcellent written and oral communication skillsThe ability to work in a team environment in order to achieve potential targets.Knowledge of the DTCC balancing screens and collateral monitor.Accountability, responsibility, solution based and delivery focused.Candidate must possess positive people/ Client relationship skills. 

*Deutsche Bank is an Equal Opportunity/Affirmative Action (M/F/D/V) employer.*