What are the responsibilities and job description for the Collateral Management Operator - Associate position at Deutsche Bank?
Position Overview
Job Title Collateral Management Operator
Corporate Title Associate
Location Chicago
Overview
Our Margin Operations Team handles more than $1.3bn in global cash and collateral movements on a daily basis. As part of the team, you’ll engage with our clients and brokers as well as internal stakeholders in the Front Office, Financial Reporting, Risk and Control teams. You will have a direct impact on the Bank while developing valuable skills and knowledge in the Firm’s Operating model across multiple products.
What We Offer You
It is the Bank’s expectation that employees hired into this role will work in the Chicago office in accordance with the Bank’s hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in Chicago is $54,000 to $77,400. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice please email HR.Direct@DB.com .
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view "Deutsche Bank’s Equal Opportunity Policy Statement" and the following notices: "EEOC Know Your Rights" ; "Employee Rights and Responsibilities under the Family and Medical Leave Act" ; and "Employee Polygraph Protection Act" .
Job Title Collateral Management Operator
Corporate Title Associate
Location Chicago
Overview
Our Margin Operations Team handles more than $1.3bn in global cash and collateral movements on a daily basis. As part of the team, you’ll engage with our clients and brokers as well as internal stakeholders in the Front Office, Financial Reporting, Risk and Control teams. You will have a direct impact on the Bank while developing valuable skills and knowledge in the Firm’s Operating model across multiple products.
What We Offer You
- A diverse and inclusive environment that embraces change, innovation, and collaboration
- 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 including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
- Educational resources, matching gift and volunteer programs
- Perform and ensure successful performance and completion of daily margin calls and associated control and regulatory reporting
- Participate in business sponsored and/or regulatory projects
- Adapt and implement solutions for enhancing processes and infrastructure through hands-on collaboration across various stakeholder teams
- Understand the Firm’s infrastructure used to agree and settle margin (cash & noncash) with clients & affiliates
- Participate in and understand processes needed for the recording of margin activity in the margin platforms and on the books and records (sub ledger) of the Firm
- Contribute to the overall Margin Operations product development infrastructure/process enhancement work streams
- Bachelor’s degree in Finance/Accounting along with experience in Financial Services Operations (Cleared Over The Counter (OTC) or Listed Derivatives Operations preferred)
- Proficiency in Microsoft Office applications, especially Excel, is essential
- High attention to detail, accuracy and risk awareness in a fast paced, team-based work environment
- Knowledge of Derivatives/Equities products and margin process knowledge
- Familiarity with vendor based central margining systems such as GMI, Magellan/Martini, COLLINE
- Excellent communication skills, both written and spoken
- Self-motivated, self-starter
It is the Bank’s expectation that employees hired into this role will work in the Chicago office in accordance with the Bank’s hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in Chicago is $54,000 to $77,400. Actual salaries may be based on a number of factors including, but not limited to, a candidate’s skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That’s why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank’s California Privacy Notice please email HR.Direct@DB.com .
We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view "Deutsche Bank’s Equal Opportunity Policy Statement" and the following notices: "EEOC Know Your Rights" ; "Employee Rights and Responsibilities under the Family and Medical Leave Act" ; and "Employee Polygraph Protection Act" .
Salary : $54,000 - $77,400