Internship Banking Operations - Security Transfer (6 months fix-term contract)

Company Description

Founded and headquartered in Switzerland, Avaloq is continuously expanding its global footprint with around 2,500 colleagues in 12 countries, and more than 170 clients in 35 countries. We are an industry-leading provider of wealth management technology and services for financial institutions around the world, including private banks and wealth managers, investment managers, as well as retail and neo banks. Our research led approach and continual innovation is powered by the passion and creativity of our colleagues.
We are always looking for talented people to join us on our mission to orchestrate the financial ecosystem and democratize access to wealth management. Avaloq offers the opportunity to work closely with some of the world’s leading financial institutions as we jointly develop and shape careers. Championing a collaborative, supportive and flexible work environment empowers our colleagues to reach their full potential.

Job Description

You will be part of a global team in three different locations (Germany, Switzerland, and Singapore), which is responsible for the transfers of securities (portfolio transfers and realignments), as well as the management of registered shares. Daily operational activities covering Equities, Bonds, Structure Notes, Mutual and Hedge Fund. 

Your key tasks 

• Processing of incoming and outgoing securities transfers in Avaloq Banking Suite
• Processing of realignments between various custodians and markets
• Control actions/coordination with clients, trade departments and custodians.
• Cash and security reconciliation
• Ensuring that all transactions are processed correctly and settled in a timely manner.
• Compliance with Services Level Agreements (SLA), KRI/KPI and keeping oneself abreast of market/regulatory changes.

Qualifications

• Securities Transfer or Settlement experience is a plus, as well as Technology and Solutions skills (Excel, Word, Outlook, PowerPoint, Avaloq Banking Suite, Clearstream Vestima, SWIFT, Bloomberg)
• Ability to work in a fast-paced environment and handles well during a stressful environment
• A service-orientated team player and has a strong motivation to be part of a dynamic team
• An independent and proactive worker with good communication skills

Additional Information

We realize that managing work life balance is a challenge we all face in our daily lives and in order to support with this we are pleased to offer hybrid and flexible working for most of our Avaloqers to maintain work life balance and still continue our fantastic Avaloq culture in our global offices. 

In Avaloq we are proud to embrace diversity and understand the success of our business is built on the power of different opinions, we are whole heartedly committed to fostering an equal opportunity environment and inclusive culture where you can be your true authentic self. 

We hire, compensate and promote regardless of origin, age, gender identity, sexual orientation or any other fantastic traits that make us all unique, we have done our best to write this advert in an inclusive and neutral way. 

Please be aware that we will not accept speculative CV submissions for any of our roles from recruitment agencies, and any unsolicited candidate submissions will be exempt from any payment expectations.  

#LI-Hybrid

Summary

• Type: Intern
• Function: Finance
• Experience level: Internship
• Industry: Financial Services