Internship in Banking Operations - Reconciliations Team CH (12-month fixed-term contract)

Internship in Banking Operations - Reconciliations Team CH (12-month fixed-term contract)

• Full-time

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

The Reconciliation team plays a critical role in Banking Operations in maintaining control over cash nostro accounts, securities positions, and transactions. It is responsible for ensuring that all reconciliations are conducted in accordance with Service Level Agreements (SLAs) to meet our obligations and mitigate the operational risk. The team identifies, investigates, allocates, and closely monitors any discrepancies in cash and securities positions and transactions.

Your key tasks

• Identify, investigate, allocate and monitor cash breaks, securities positions, and transactions differences
• Ensure the effective and efficient management of all aspects of service delivery in collaboration with the internal stakeholders, respecting the agreed communication process and in line with the Service Level Agreements obligations
• Support Global Reconciliation in the automation initiatives
• Continuous focus on streamlining the processes and improve control on operational risk
• Propose system enhancements and analyse defects

Qualifications

• Banking or other professional education, business school and/or relevant experience
• Good command of VBA (Visual Basic for Applications) and Excel formulas (Pivot, Vlookup, etc.)
• Have an affinity to numbers and be able to analyse large quantities of data
• Be a highly motivated, proactive, committed, and adaptable individual, with a “can do” attitude
• Be able to collaborate with and influence internal stakeholders to reach the business area objectives
• Proficient in English, both spoken and written
• High level of attention to details

It would be a real bonus if you have

• Previous experience in Banking Operations, or Fintech company
• Proficient in Italian and/or German
• You are Microsoft Office certified

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