Banking Operations is a strategic Avaloq service line, which provides Banking Operations outsourcing services to Banks.
We are organised as a Global Business Area, running state of the art back-office services with industry-leading automation, quality and risk standards.
We are experts in providing value added services to our clients and are always looking to add creative and client-oriented personalities with drive and passion to our team.
You will be part of a global division located in 4 different regions (Germany in Berlin and Düsseldorf, Switzerland in Zürich and Bioggio, Singapore and Pune), which is responsible for managing Corporate Action business and processes (Announcements, Instructions and Payments).
We are looking for someone to join our Asset Servicing team to handle the identification and creation of corporate events in Avaloq Core Banking System.
You will ensure authorised decisions are received from our clients and be responsible for the generation and execution of Corporate Action instructions to custodians and other third-party contacts.
Additionally, you will be responsible for the timely and accurate update of Corporate Action movements.
You will thrive in a fast-paced environment with an emphasis on meeting tight deadlines. A strong interest in learning and harnessing technology will help you with your role in the organisation.
Your key tasks
- Prepare timely notifications to clients about upcoming events and their impact on clients' assets accounts and act on client elections accurately by acceptance deadline
- Act as a checker and validator for all the activities performed by the team members
- Process, book and control all kinds of corporate actions and income collections
- Responsible for performing mandatory and voluntary corporate action-related custody and accounting processing requirements, such as dividend payments, reorganisation, bond redemption, etc.
- Ensure key criteria and in-scope events for all transaction activity has been identified and actioned
- Investigate and resolve stock and cash breaks arising from event bookings all along adhering to established quality control measures and procedures
- Close collaboration with internal stakeholders, clients and custodians to ensure that all corporate action events are properly addressed and booked
- Responsible for researching and responding to inquiries from internal business groups, depositories, agents, brokers, clients, Investment Managers, sub-custodians and/or custodians
- Manage and meet all deadlines by keeping up to date with the progress of events
- Ensure procedures and controls are fully adhered to
- Escalate potential problems before they become a risk
- Assist with ad hoc and scheduled projects as required
- Assist with system testing as required
- Perform other duties and responsibilities as assigned
- Act as trainer for new joiners and ensure that the learning objectives are reached