Description
We are seeking a Branch Operations Analyst, NCT to support the end-to-end processing and settlement of physical gold transactions booked through Deutsche Bank Mumbai.
Key Responsibilities:
- Process consignment sales, outright sales, gold loans, deposits, returns and related intercompany trades.
- Validate counterparty, product, purity, bar specification, quantity, price or fixing terms, location, value date, currency and settlement instructions.
- Capture transactions accurately in relevant trade, settlement, inventory and accounting systems and monitor them through confirmation, physical delivery, cash settlement, maturity and closure.
- Manage consignment drawdowns, deferred-fixing events, loan or deposit maturities, repayments and amendments within agreed cut-offs.
- Prepare, review and track trade confirmations, consignment or drawdown notices, loan or deposit documents, release instructions and settlement communications.
- Maintain complete transaction records, including invoices, bar lists, transport documents, vault acknowledgements and import-related evidence.
- Create and maintain approved counterparty, account, settlement-instruction, vault, book, location and legal-entity static data under maker-checker controls.
- Coordinate storage, vault transfers, releases, collections and deliveries with approved vault and logistics providers.
- Verify legal entity, ownership account, consignee, bonded or domestic status and release conditions before issuing movement instructions.
- Ensure no metal is released without authorised instructions, complete documentation and satisfaction of applicable settlement or credit conditions.
- Monitor INR, USD and other relevant cash obligations; validate payment instructions, settlement amounts, fees, interest, premiums, taxes and value dates.
- Reconcile trades, metal balances, client positions, vault statements, cash movements and accounting entries.
- Investigate failed or delayed settlements, inventory breaks, unconfirmed trades and documentation gaps; escalate material risks promptly.
- Complete daily controls and maintain clear audit trails in line with policies, procedures and applicable Indian regulatory requirements.
- Work closely with Sales, Trading and Business Finance on trade terms, fixing events, accounting, fees and break resolution.
- Coordinate with Legal, Compliance, Tax, Credit and Risk to process transactions within approved documentation, limits and governance.
- Liaise with offshore Deutsche Bank entities, clients, vault operators, refiners, carriers and customs brokers to achieve smooth settlement.
Requirements:
- Bachelor’s degree in finance, Accounting, Business, Economics or a related discipline.
- Typically, 3–5 years’ experience in banking operations, precious metals, commodities, trade finance, treasury settlement or physical-asset custody.
- Working knowledge of physical gold, consignment, loan or deposit lifecycles, vault processes, cash settlement, reconciliation and static data; Indian bullion-import knowledge is preferred.
- Strong attention to detail, ownership, communication, analytical and problem-solving skills, with proficiency in Microsoft Excel and transaction-processing systems.
- Proven ability to leverage AI tools to enhance productivity, optimise workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs.
What we offer:
- Best in class leave policy
- Gender neutral parental leaves
- 100% reimbursement under childcare assistance benefit (gender neutral)
- Sponsorship for Industry relevant certifications and education
- Employee Assistance Program for you and your family members
- Comprehensive Hospitalization Insurance for you and your dependents
- Accident and Term life Insurance
- Complementary Health screening for 35 yrs. and above