Internship in Banking Operations Asset Master Data (12-month fixed-term contract)

Internship in Banking Operations Asset Master Data (12-month fixed-term contract)

• 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

Banking Operations is a strategic Avaloq service line providing Banking Operations outsourcing services to banks. We are organized as a global Business Area, running state-of-the art Backoffice services with industry leading automation, quality, and risk standards. Our highly skilled and experienced staff are covering the full suite of services including Securities, Payments, Corporate Actions and Tax, to name a few.

We are experts in providing a true value add to our clients and thus, always look to add creative and client-oriented personalities with drive and passion to our team. In this role, you will be part of a global team of Asset Master data Switzerland & Germany, which is responsible for opening and maintenance of securities assets directly provided by a local reference data provider. Opening and maintenance of internal securities assets based on data provided by client directly. Update and monitoring of asset evaluation prices. Opening and maintenance of bank transactional counterparties, including their relevant containers, NOSTRO Money Accounts, related Standard Settlement Instructions (SSI). Managing of correspondent connections (RMA).

Your key tasks

• Opening and maintenance of listed securities assets directly delivered by a reference data provider
• Opening and maintenance of bank internal securities assets based on the data and instructions received from the client/requestor
• Updating and monitoring of asset evaluation prices
• Processing of new openings, modification/maintenance and closure of interbank counterparties
• Management of both cash and securities Standing Settlement Instructions (SSI)
• Management of the RMA (Relationship Management - Bilateral key exchange / relations with counterparties)

Qualifications

• Professional experience within the financial services is a plus
• 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
• Flexibility and willingness to learn
• Fluent in English

It would be a real bonus if you have

• German language
• Work experience in Asset Masterdata processing

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