Banking Specialist Associate - Income & Corporate Actions at AVALOQ ASIA PTE LTD

Pune City, maharashtra, India -

Full Time

Start Date

Immediate

Expiry Date

21 Jul, 26

Salary

0.0

Posted On

22 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Corporate actions, Asset servicing, Financial markets, Investment instruments, Analytical skills, Time management, Prioritization, Microsoft Office, Avaloq core banking system, Accounting processing, Risk management, Communication, Teamwork, Problem solving, Data accuracy

Industry

IT Services and IT Consulting

Description

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, 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 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. 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 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 Qualifications Effective prioritisation and time management skills Proven ability to multi-task and operate within a team and independently with limited supervision Excellent analytical skills with attention to detail Candidates who have qualities such as innovation and creativity, who are able to generate original ideas, especially in terms of increasing efficiency and quality, and risk reduction Familiarity with financial markets and investment instruments Proficient in Microsoft Office, with aptitude to learn new software and systems Ability to work under pressure, meet tight deadlines A strong team player, who is able to develop and manage strong working relationships with global internal departments and external counterparties Fluency in both written and spoken German and English is required It would be a real bonus if you have Past experience within a bank or financial institution Good understanding of the end-to-end Corporate Action processes for Mandatory and Voluntary events and the impacts on business partners and clients Wider experience in Asset Management and understanding of the end-to-end asset lifecycle Knowledge of Avaloq Core Banking System German knowledge would be a key selection skill A good command of other languages would be an advantage 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

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Responsibilities

You will be responsible for the identification, creation, and execution of corporate action events within the Avaloq Core Banking System. This includes preparing client notifications, processing income collections, and resolving stock or cash breaks while adhering to quality control procedures.