I’ve been working in the file room 3rd shift for half a year. Training is minimal but so is manager supervision. I was impressed with the covid benefits and especially with attendance benefits. You can have one unexcused absence a month to obtain the attendance bonus ($400/month). Headphones and covered drinks are allowed. There is a break room with 3 vending machines. The people are guarded but friendly. The job itself is incredibly easy.
The issue I’m having is being offered things a certain way but then having those things taken back. One example, the attendance bonus was “lenient” (1 unexcused absence to get the bonus) but now clocking in even a minute past the hour counts as that one “unexcused absence” despite originally being told we have a 5 min leeway… making it virtually impossible to obtain. Another example is being given shift change options; 3rd shift is being cancelled and we were told we had several shift/time options. We all made our choices only for the options to get taken away. I chose this job bc it was 3rd shift so this is disruptive to my life plans. They then said there are only 2 time options but your station will change to one of several other areas where the job itself could be different; we again chose our options only to get THOSE options taken away. They said because were SO good that we’re going to help another specific area, IE we now have no option. I understand removing 3rd shift but I wish they wouldn’t give us options, it’s false hope.
ProsEasy job, friendly employees, covid benefits, attendance benefits, PTO, vending machines, headphones are allowed (medical benefits through SPS)
ConsPoor communication, no sick time, wishy washy rule enforcement, poor training, offering things only to take it back, lack of equipment
During my time at Deutsche BankI had 3 separate roles : Internal Audit / Credit Risk Management and Training Designer, Developer and Deliverer.
Being a member of the senior management team and having over 50 people to manage globally, my day often started before I physically went to the office, with international phone calls.
Being part of the management team I had several responsibilities: direct report management, interface with fellow managers, coverage of certain key performance indicators and interface with external auditors and bank examiners; amongst others.
In this role I learnt to manage my time efficiently, make sure my calendar was completed and I made all efforts to prioritize my daily responsibilities.
I developed the ability to ensure delegating certain projects or task to direct reports, participate in divisional special projects and make sure that I developed my performance skills and expose my talents to bank wide initiatives for continued and developmental exposure to other senior bankers outside of my division and deepen my brand and image within the bank.
Work place culture included a mandate to know the key players globally. This required frequent travel and attendance at global conferences.
The hardest part of the job was making sure my team was recognized by key players globally in order to secure their professional development and advancement within the bank.
The most enjoyable part of the job was the diversity of task and peo
ProsTravel and good bonuses
ConsWorking in global time frames / systems /change management
Executive Administrative Assistant | New York, NY | Sep 27, 2012
Productive, professional, polished, and exciting workplace
A typical day at work would be me coming in, checking my emails and checking our general email that contains our appraisal files. This mail box has to be monitored daily for updates and time sensitive appraisals. If there are appraisals that need to be distributed to our internal appraisers, I print, save, and assign. I also maintain our group database with all of the appraisal files and appraisal values.
I review what expenses need to be paid and assure that I have all documents in order for them to be paid. Throughout the day the appraisers give me contracts that I send out to external appraisers that are requests from our underwriting and deal team. These contracts can either go out nationally or internationally. There are a lot of adhoc assignments throughout the day as well.
I work independently with minimum to no supervision. I would say being able to work on my own is the most enjoyable part of my job. Its helps me to prioritize and allows for me to feel very responsible.Everyone is mostly busy throughout the day, so there isn't very much time for socializing but my coworkers are very pleasant. During my tenor at a previous company that dealt with default mortgages, I was a team leader. If I had to say that there was a con to working here, I'd say not being a team leader and helping my other team mates by sharing my skill and knowledge would be one.
The hardest part of my job was when I first started. I was basically thrown into the position with no training, so I ha
Prosbenefits, bonuses, free dinner after hours, education sponsorship and free car service
A good insight about banking products and services
Preparation of annual accounts for different types of Funds (Hedge Funds, Private Equity Funds of Funds, Real Estate Funds) in accordance with required accounting framework (Mainly, Luxembourg GAAP & IFRS) and any required disclosures notes,
Generate and maintain on timely basis the general ledger of funds within my portfolio based on quarterly or monthly valuation of the Fund. Fund information are analysed and process after receipt from the General Partner, Custodian, Brokers and any other relevant third parties. The general ledgers and investors reporting are derived from accounting system.
Calculate and record management and performance fees
Reconcile cash balances open positions to the Fund’s internal schedule and brokerage or custodian statements to be submitted to the investment advisor or stakeholders,
Prepare year end audit paper work package and coordinate with auditors. Deutsche Bank fund accounting services have been tested and documented in SAS 70 Type II audit.
Allocate income, losses, expenses and distributions among the investors in accordance with the Fund issuing documents,
Calculate the investor capital or holding balance in accordance with the Fund issuing documents,
Preparation of monthly or quarterly Net Asset Value (NAV) pack and reporting account to investors and publication on a secure web based data room
Maintain original subscription documents and investor correspondence received
Coordinate and process capital calls and
Global Head Credit Review / Training | New York, NY | Jan 6, 2017
Exciting and Varied Assignments within DB
I worked at Deutsche Bank for over 16 years. My role as a Global Department Head, required me to embrace a wide spectrum of duties and concerns including, people management, subject matter expertise, process re-engineering and management of global projects both inside and outside of my primary duties . I was called on to speak at internal/ external seminars and I mentored and coach many junior employees.
Of the many things I learned in the performance of my roles at DB, was my responsibility to the organization. I learned that my responsibilities within any role I performed were far wider than I originally imagined. As a manager, I became very adept at communicating within the broader organization, forming alliances with fellow departmental colleagues, continually searching for ways to improve processes and save time and money while developing future leaders in the organization. This came from my work with training, learning& development and leadership programs. I don't believe in working in silos.
The most enjoyable part of my job was discovering and nurturing talent. I designed and developed over 44 on- line courses for the Risk Management Department. In addition, the Compliance training course development was also part of my purview; which involved the global delivery, management of as well as the monitoring and measuring course delinquencies.
ProsHaving a real impact within the organization's development.
ConsContinual changes to Management - Personnel and Organizational Structure
The most dysfunctional bulge-bracket bank in the world
Deutsche Bank has been in trouble for a very long time and was never stable at any point during the 6.5 years that I worked there. The management of the Bank made some very foolish decisions during the pre-Crisis boom times, but then refused to take the necessary pain and make the desperately needed changes to reform the Bank when things went south.
The result is now a company with an almost unmanageable infrastructure and a vastly bloated cost base. Thanks to three changes of management in four years, the Bank's daily operations are a mess and the culture has turned completely toxic.
The absolute worst thing about the Bank these days is that it hires "yes men" while chasing out the very best and brightest of its talent. I was let go by the Bank in early 2018 due to the need to "reduce costs", but in reality the move actually ended up costing the Bank far more than it saved, thanks to all of the projects and business initiatives that suddenly came screeching to a halt.
The Bank is still home to some of the finest traders and bankers on the Street, but they have to deal with a completely dysfunctional and hyper-politicised management culture that rewards sycophants and toadies and punishes genuinely skilled people.
The rewards for working at DB used to be the interesting and challenging projects and the endless opportunities to take on as much responsibility as one could handle. But those days are long gone.
ProsHonestly... not much, except that they used to pay well for talent.
High Tech Labour Salvery.. too much bureaucracy.. too much panic all the time
In over 10 years of my IT career I have never seen such bad work atmosphere with so much panic and work pressure from chain of managers over you. Everybody is president , vice presidents and managers.. too less people who really work.. so of course work pressure... That's what managers are for right? Make tech slave labor work. or how else managers will get big bonuses?
Their new policy is to lure tech guys from other countries or other states to leave their good jobs dreaming big bonuses and peaceful life , come to this remote location of Cary...then make them work like slaves. Hire one senior tech guy and the hire four beginners so that this experienced guy will actually teach the beginners everything and even do their job... as they are "no-vice".. so make sure you are not that "experienced guy"
This is not a bank. It's a bank's IT development center. So basically we develop applications for bank. So it works like a IT shop with all that comes with it....
Every body ready to cut your throat to get anybody out of his bonus way. Everybody looks like in pressure and panic state.
If you are looking for great work atmosphere and peaceful life where you can work and do some innovative work.
DON'T come to this Cary Development Center.
Only join this center , if you just want good pay and bonuses...but you should be ready to take this much stress, panic , and ready to be micro managed by omnipresent managers.
ProsGood pay, good bonuses
ConsWorst work culture, all panic, stress, no innovations only develop what traders want.
Great opportunity working with an international financial organization implementing structured demand management practices.
A wonderful organization with operational and functional teams located worldwide. My experience was focused on working with Program and Project teams located in Asia/Pacific, Europe and United States, and the Development/Deliver team located in UK. As a consultant for the implementation of Demand Management initiative I had the pleasure of working with and expanding the operational business teams (primary stake holder organization teams) and the implementation teams which collectively defined and then completed the implementation of the CA Clarity project framework and integration of this with numerous Deutsche Bank vendor management and billing processes. The net result was the consolidation of all program and project management functions covering full capital investment life-cycle management. From ideation (project proposal) to project approval with linkage to key business areas under programs and business initiatives under various business portfolios. Final migration of all financial management functions related to projects was completed in May 2014 providing the final phase of the Deutsche Bank Operational Excellence initiative to provide a primary source of all program and project management information for the bank.
ProsTrue team member commitment to program success.
Most of the management lack any people skills, and for the most part are not respected. Personalities of management are stilted and stoic. It is difficult to be yourself for fear of being taken out of context. HR is staffed by people that lack any social skills. Extremely politically correct. Understand most folks in any work environment are diverse, and by all means in my experience you respect and learn from that diversity. Fact is we all have families, friends, happy days, worried days, and personality. In my experience you find what we have in common, keep a sense of humor, be honest and candid, but realizing whether it is a maintenance worker or CEO, All need to be treated with genuine respect, My mantra was a smile and end the conversation with "Enjoy the Day": I am proud of the colleagues I have known, learned, and work with globally and earned their respect by being genuine, as noted by their endorsements.
Sadly, the same is not true of DB management, few people skills, but an ability to play the politics to those they cowtow to, albeit to the distress of those that serve under them, not to mention the legal, ethical, and dishonest practices that cost stockholders billions in fines and penalties. Please understand, it is my opinion, but compared to my years in IT, At Tandem, Siemens, and Bank of America, Management was 180 to the plus of what I experienced at DB.
ProsGood Pay, Fair Benefits
ConsManagement lacks people skills, Stoic workplace, Antiquated Infrastructure
Fun work environment, fast paced, client focused, with cross functional training opportunities.
A typical day involved processing checks as per client instructions, preventive maintenance on heavy check processing and imaging machinery, balancing account financial data, initiating transmissions to clients and completing end of day processes. Other activities included sorting mail per lockbox number, extracting lockbox accounts manually and on Opex machines, batching checks and remittance documents per specific client instructions, image capture of extracted checks, data entry for check amount verification, check encoding, quality check of encoding, reassociation of check images to remittance documents per client specific instructions, and mailing of daily remittance information to clients.
I learned all aspects of lockbox operations as described above.
Management was very progressive and focused on the client experience and employee development.
My co-workers were very skilled in the extraction process which allowed us to exceed results.
The hardest part of the job was quality control because of the tremendous volume and manual processes involved.
The best part of the job was being part of a team that exceeded results and maintained a very low error rate.
Prosprogressive management team, cross training opportunities, fun work environment, client focused
Kollegiales Umfeld unter einer teils undurchdachten und fehlenden mitarbeiterorientierten Geschäftsführung.
- nette Kollegen mit denen ein freundliches und kollegiales Miteinander arbeiten sehr gut funktioniert.
- erst klassische Teamleiter, die die Teams zusammen halten und unterstützen.
- Dienstplanung ist 4 Wochen im Vorhaus ab einsehbar
- Arbeitszeitpreferencen werden versucht einzuhalten, was leider nicht immer aber oft klappt.
- 30 Urlaubstage p.a.
- gute Weiter Bildungsmöglichkeiten wie Ausbildung zum Bankkaufmann bei vollem Gehalt nach Banktarif
- bisher war 100% Homeoffice möglich, das endet an Anfang Juni, dann 70/30 Office/Homeoffice.
Nachhaltigkeit und Mitarbeiterfreundlichkeit gleich null, besonders bei weiten kostenintensiven und zeitintensiven Fahrwegen kein entgegenkommen des Unternehmens mit höherem Anteil des Homeoffice.
Kündigungswelle kommt, wäre nicht das erste Mal. Interessiert die DB-Direkt aber nicht, es kommen ja neue Bewerber nach.
Arbeit ist von zu Hause aus genau so machbar wie in der Firma. Wozu also die Umwelt verschmutzen und den Mitarbeitern Freizeit nehmen und Fahrkosten verursachen?
Die System mittlerweile richtig gut, unabhängig vom Office und Homeoffice.
- viel zu geringe Schulungsphase 6 Wochen, man lernt gerade mal die hälfte von dem was man in diesem Job braucht, die Geschäftsführung sagt wie brauchen die Mitarbeiter in der Hotline und es kosten viel Geld, da verstehe ich aber die "geh doch wenn du hier nicht glücklich bist" Kultur im Unternehmen. Macht irgend wie keinen Sinn die Erfahrenden Mitarbeiter gehen zu la
Managing day-to-day operations of the Cash Management department.
Daily reconciliation and appropriate escalation of the same and research, follow up and resolution of the open times.
Reconciliation, Management and funding of Nostro accounts of Deutsche Bank, London
Ensuring the accurate forecasting of cash positions, thus reducing the economic cost of misfunding
Negotiation of cut-off times with Treasury/Global Markets.
Perform analysis of funding requirements.
Timely escalations of long outstandings.
In-depth understanding of the product and market in which trades are booked and also to understand the liquidity of the currency.
Knowledge on MT202, MT210, MT299 Swift messages.
To work closely with relationship managers, Operations, Traders and Agent Banks to address funding related issues and improve communication.
Fails management - Detailed follow up with business to find out the settlement status of the trade booked.
Identifying of Erroneous trades to ensure effective and accurate funding of forecasts to reduce overdraft and opportunity costs and demonstrate effective cost management for the bank.
Build and maintain relationship with Nostro agents to improve communication and identify potential cash management products to meet the Firm’s needs.
Responsible to ensure that complete training is provided to the new joinees so that they understand the infrastructure used for processing, and to have full understanding of the end to e
A. Reference Data Service B. Client On-boarding – KYC Initiatives (Compliance), Contract Risk Management C. Equity Settlements
A. Reference Data Service
• Setting up/Reconciliation of Securities (Bonds, ETFs, Equities ) static data in the front and back offices applications.
• NAV price calculation and updating the same in DB Trader.
• Updating MID/BID price for securities on a monthly basis for Italy region.
• Analyzing the coupon rate for each security and updating the rate at a regular basis.
• Processing Corporate Action securities in the respective applications.
• Clearing the trade breaks Involves in investigation and resolving the breaks (both pre-settlement and post-settlement) that which arise in the Trade Exception queue, clearing up of these breaks allows the trades to flow.
• Liaising with various data sources for data uniformity of data in system for Trades to flow STP (Straight through Processing) assisting organization to move towards STP.
• Assists client and staff with complex problem resolution. Consults on effective ways to meet client needs or appropriate method to be used for resolution of an error.
• Preparing Daily/Monthly MIS, KPI at Individual, Capacity Modeling reports and discuss the same with the Manager for effective process control.
• Updating KOPs as and when there is a procedural change in the process, interacting with the onshore to understand the change and communicate the same to the team.
• Reviewing KOPs on regular intervals.
• Familiar with Bloomberg, Reuters, Euroclear, Interactive Data and Telekurs.
B. Client On-boarding – KYC
La mayor parte del trabajo es arreglar problemas de cliente. Porque la entidad en España tiene muchas carencias como BANCO.
Esto supone una dificultad grandísima a la hora de cumplir labores comerciales. La mayoría de las veces el banco no ofrece solución concreta a los empleados. Con lo que “nos vamos buscando la vida” hasta llegar al compañero que sí sabe la solución. Insisto, ese es el 80% de trabajo de un día. Arreglar problemas. Sin embargo los comerciales, según directrices de la empresa, deben estar visitando y captando clientes y negocio. Lo cual es incompatible con la realidad de las oficinas. Mantener los clientes con los recursos que DB ofrece a los clientes lleva mucho tiempo y esfuerzo. Y a los clientes en potencia es muy difícil captarlos dada la competencia que hay hoy por hoy con respecto a la banca actual. Deutsche Bank esta a años luz de estar a la altura de cualquier banco de España con respecto a recursos para empleados y facilidades tecnológicas para clientes (la app es de la Edad Media, hay q usar 2 apps para operar)
SUELDO: ridiculo para el nivel de exigencia si eres de nueva contratación. Y además hay una presión extra: no vas a estar seguro de q puedas continuar trabajando. Siempre bajo el yugo de que tú finiquito es asumible por la empresa.
AMBIENTE LABORAL: viciado. En España es un banco pequeño. Todo el mundo conoce a todo el mundo. Y no son “muchos” empleados. Los que llevan más de 7/8 años ya están muy muy quemados.
MAYOR DESVENTAJA: el banco n
ProsAlgún descuento en seguro médico privado
ConsMal ambiente. Mal sueldo. Presión absurda (apagando fuegos siempre)
Deutsche Bank is by far the Best Company to work for
My day started when I left home between 6.30 and 8am, depending on the traffic reports. On a bad day, it could take up to three hours to get from Springs to Sandton. My day ended once all my daily duties were completed, which could be anything from 6 - 9pm and over month end even later. Deadlines were non negotiable, and had to be met. I learnt that planning was absolutely necessary, and had too be implemented and followed on a daily basis. Details to attention was drilled into me, and became a way of life. Working with people and managing people was extremely interesting. Due to the diversity in the company, I learnt how to manage conflict situations and did a few courses on conflict management. Deutsche promotes studying and training and in my 15 years I took full advantage of it, doing various Accounting, Accounts Payable, Business Management courses. I also started my BCom degree though UNISA, but due to extremely long working hours, and travelling did not manage to complete by degree. Recognition of performace is high on their radar, and promotion is given fairly. The only negative I can comment on is the way mangement do not communicate straight down the line. Too much information is swept under the carpet, and only bits and peices are comminicated to staff. This is sad as so many employees have commented on this, but no one is brave enough to actually say something. The hardest part of my job was the unnecessary stress due to long hours. The long hours was in turn due
Prosexcellent canteen, excellent perks, great opportunities
• Working as shared resource for Internal audit and IDAM(Identity and Access Management) team .
• As part of audit team, performing KOP (key operating procedures) checks for all the process (compliance) and participate in internal audits for user/admin access check.
• Perform gatekeeper recertification activities using Aveska tool to implement SOX relevant application recertification (Annual checks), Leavers (Quarterly check), Movers (Monthly checks), Front office/Back office recertification (Weekly checks), SOD (Segregation of duties) violation checks.
• Assisting BISO’s for reviewing KOP’s and necessary actions required using Role Management portal.
• Nominated as point of contact for all team activities and escalations for IAG (identity and access governance) team.
• Involved in skeleton support testing’s as well as ITIL / Compliance based trainings for analyzing and mitigating the overall risk and release analysis.
• Troubleshooting of issues through direct interaction with end users on emails, calls and analyzing as per the end user requirements.
• Actively involved in updating and sign off of KOP (Key Operating Procedures/ Process flow documents) as per polices and standards of the Bank.
• Participate in Root Cause Analysis with technical teams and managers.
• Generating reports in order to obtain periodic information on the inquiries received.
• Assisting Audit requirements from external auditors and ensuring Compliance controls by system log reviews at regu
Very pleasant work environment.Personal enrichments.
My first job consisted of regular and initial reviews delegated to COB. In accordance with the DB Group-KYC policy it was my responsibility to undertake regular reviews of existing relationships, to ensure that information held in the file remains current and accurate. Types of reviews: Initial review- regular review-PEP reviews. This part of the job was the most enjoyable part because I had a close contact with client.
After six months I was transferred to COB team where I was responsible for: No contact anymore with the customers. We ahd to be neutral.This was for me the most difficult part of the job because I love contact with clients.I had only a computer to talk to.
Static Data processing DBI- outsourced to TCS Bangalore
My main reasonability’s were:
Customer and account openings: check all opening documents for plausibility and completeness, and to perform necessary controls: Money Laundering checks, PCR checks, embargo checks, PEP checks during opening of accounts. If there was a suspicion of the accuracy of any relevant document we had to transfer those to the compliance department.
Closing of accounts upon client’s request
Input of account margin rates, FX- rates interest rates (external and internal), billing with all relevant static date like transaction type, customer conditions etc…
The day to day scanning of incoming documents for customer files.
The account maintenance: verification of signature/authentication and authorization.
Set up signature attestation of
Prosno free lunches but lunch pass at 7 €
Consdkv and transportation
Questions And Answers about Deutsche Bank
If you were in charge, what would you do to make Deutsche Bank a better place to work?
Asked Feb 5, 2018
The bank does not respect its workers, the people who keep the digital wheels turning in the back office. Long, long hours, staff cutbacks and expected to work across multiples time zones on multiple concurrent projects at the same time. Work hours extend to 15 hour days and often into the weekend. Lack of sleep becomes a major problem and leads to inefficiency. Concurrent projects should be contained within similar time zones and adequately staffed. When a staff member is made redundant, a remaining staff member’s workload doubles!
Answered Mar 18, 2022
I would reorganize how ITresources are managed to support business lines more equitably and allow for more efficient growth and progress
Answered Jun 11, 2020
How often do raises occur at Deutsche Bank?
Asked Nov 6, 2016
DB would give annual raises, not very large unless it was a promotional increase. It was mostly a cost of living raise.
Answered Dec 4, 2018
Only if you get promoted. Which is pure politics
Answered Sep 28, 2018
What is the best part of working at Deutsche Bank?
Asked Oct 18, 2019
Work schedule flexibility
Answered Mar 25, 2022
The benefits are really good.
Answered Mar 20, 2022
On average, how many hours do you work a day at Deutsche Bank?
Asked Feb 21, 2017
60 hours a week
Answered Mar 3, 2018
10 to 13 hour days.
Answered Jan 8, 2018
Do they employ foreign nationals at DB in NY?
Asked Jan 20, 2016
Yes they do, infact they require people with masters degrees knowing very well that most Americans don’t go on to do a masters leaving a pool of foreign workers to pick from. The irony is that most if not all these positions can be performed with just an associates degree!