Internship in Corporate Actions & Income Processing CH (9-month fixed-term contract)

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. 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 will be part of a global department located in 3 different countries (Germany, Switzerland and Singapore) responsible for managing Corporate Action business/processes (announcements, Instructions and Payments).

During the internship period, you will be able to assist and learn the following activities, with the support of senior Banking Operations staff, shadowing their work and having the opportunity to provide your inputs and contribution.

• Analysis of Custodian’s MT564/568 swift messages. Introductory analysis of MT564 and MT568 SWIFT messages received from custodians, focusing on identifying key elements and understanding their role in corporate actions processing
• Set-up of Corporate Actions events. Guided support in the set up of standard and low-risk CA event types and understand the risks involved and potential consequences. This is limited to basic scenarios and following predefined procedures
• Notifications in various languages to end-clients of the banks for elective corporate actions events. Assistance in drafting notifications to end-clients of the banks, based on templates and under staff review
• Resolution of client’s inquiries. Observation and supervised handling of client inquiries, with the aim of learning how resolution processes are structured and managed by experienced staff

Qualifications

• Economics studies, preferably at university level and with a focus in Finance
• Proactive approach towards a highly challenging, fast-paced and complex environment
• Good communication and organization skills
• Good team player and positive attitude
• Flexibility and willingness to learn
• English language

It would be a real bonus if you have

• Know-how in the Corporate Actions area (even if only theoretical) is considered as a strong plus
• Knowledge of additional languages (German or French preferably)

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.

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