Trade Operations Analyst

About the Role

The Fed Settlements team, part of Deutsche Bank's Trade Settlements and Confirmation Operations group, is focused on refining the settlements process of U.S. Treasury securities and optimizing trade flow. As a Trade Operations Analyst, you will settle Equity & Bonds trades with global clients and partner with internal teams to minimize financial and reputational risk.

Key Responsibilities

• Reconcile Fixed Income Clearing Corp (FICC) Obligation Orders between the Bank of New York (BONY), Fed Wire Custodian, and ICI (Books and Records System).
• Ensure all Mortgage Backed Securities Financing Transactions at BONY are processed into Repo Collateral Protection.
• Provide special expedited handling for Trust Receipts and Syndicate trades.
• Optimize Delivery opportunities using Partials, Pair-Off’s, and Inter-Day Securities Borrowing.
• Resolve Settlement discrepancies by monitoring exception queues and performing position reconciliations between internal and external systems.
• Confirm Fails and report discrepancies.
• Participate in Disaster Recovery tests and system upgrades/enhancements.

Requirements & Tech Stack

• Fed wire clearance system experience.
• FICC system for US Treasury/Agency products.
• Proficient in PC desk-top applications: Microsoft Office Suite (Excel, Word, PowerPoint, Access).
• Knowledge of the Firm’s markets, products, business, and regulations specific to Fedwire products (US Treasuries, Agencies, and Mortgage Backed Securities).
• Proven ability to leverage AI tools to enhance productivity and optimize workflows.
• ICI/Broadridge ADP’s IMPACT Back-Office system (Books and Records and settlement engine).
• The BONY Broker Dealer Clearance System.
• Magellan Repo Front Office system.
• FICC system for Government Securities Division’s (GSCC) Real time Trade Match (RTTM).

Qualifications

• Bachelors or Associate degree in Brokerage/Financial accounting or moderate Securities Operations experience.
• Strong analytical skills to resolve problems and transactions.
• Solid operational skills with a strong understanding of trade processing and settlement procedures.
• Excellent technical skills.
• Strong Job knowledge of Fedwire products.
• Excellent Interpersonal skills: Communication/oral skills, ability to interact well with clients, sales, trading, ops, IT, and counterparties.
• Ability to work in a high-pressure environment with critical deadlines.
• Good organization and communication skills.
• Must be ambitious, possess drive, and be a self-starter.