Banking Specialist - OTC Derivatives processing

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.

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. 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.

You are applying to the OTC Derivatives Team, within the division of Banking Operations. The team is responsible for the processing and life-cycle management of in-scope products within agreed SLAs and procedures. This includes orders validation, matching of confirmations, cash and position reconciliation with relevant investigations to close open breaks, listed option transfers and collaboration with the other Banking Operations team to increase efficiency.

Responsibilities

Timely and accurate processing of OTC Equity and FX derivative products (Accumulators, Decumulators, Swaps, Dual Currency Investment, Structured Investment, FX related products) as well as Interest Rate Swaps, Listed Options and Futures; Prompt follow-up with relevant parties to resolve any trade exceptions/discrepancies; Investigating and resolving all outstanding break items (cash and position reconciliations); Ensuring that operational delivery covering Derivatives activities is managed within SLAs and KPIs to prevent losses/breaches and mitigate risks; Escalating any operational risks to Manager for mitigation/solutions; Supporting Manager in various tasks including process efficiency/improvement and ensuring that information is duly updated in Key Operating Procedure (KOP); Performing User Acceptance Testing as and when required

Requirements

Relevant experience in back-office order processing; Proficiency in Microsoft Office Suite; Proactivity combined with positive attitude and ability to work in a fast-paced environment; Problem solving and time management skills; High attention to details, flexibility, and willingness to learn; Good communicator with ability to build robust relationships with peers and other stakeholders; Excellent knowledge of English and Italian

Nice to have

Good knowledge of Avaloq system; Solid technical know-how in the Derivatives areas; Knowledge of French and German are a plus