Reconciliation Officer - 6 months fixed-term contract

Quintet Luxembourg, Luxembourg, LUX, L-2955
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Purpose of the Job

 

Quintet Private Bank is a leading private bank in the wealth management sector; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of what clients want to achieve. Compared to others, we are small (<2,000 employees across 50 European and UK locations) with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. Driven by a sound risk awareness, the ideal candidate will process cash and securities reconciliation of holdings held with external counterparties, perform a second level of controls to confirm the holdings appropriately registered, and follow and report adequately all cash and securities discrepancies. 

Key Accountabilities

 

  • Daily reconciliation of dedicated cash and/or securities accounts (accounting versus holdings confirmed by external counterparties).                                    
  • Analysis of holding discrepancies and allocation of outstanding items to concerned business entities. Ensure a close follow-up of breaks and contribute to a timely discrepancies resolution and escalation when needed to the management, with a specific careful attention to riskiest items.            
  • Act together with business entities and external counterparties for specific investigations.        
  • Develop regular contact and build strong relationship with internal clients, business stakeholders and external counterparties.                                        
  • Ensure a good knowledge on the counterparties processes in order to better manage accounts to reconcile.                                             
  • Participate in temporary tasks on physical reconciliation (precious metals and physical shares).    
  • Write operations guidelines in his/her business area.                            
  • Contribute to continuous improvement processes and projects in the scope of the Reconciliation Dept.cts in the scope of the Reconciliation Dept.

Knowledge and Experience

 

  • Bachelor's Degree in Finance, Economics or similar is an advantage 
  • Experienced less than 5 years in Banking activities 
  • High risk awareness 
  • Good understanding of operational departments and its interactions 
  • Good understanding of operational processes in relation to each business activity within Operations 
  • Good understanding of financial instruments characteristics 

Attributes and Qualities

 

  • High adaptability to a complex multi-system environment 
  • Excellent interpersonal skills 
  • Good organization 
  • Rigorous, tenaciousness and challenging spirit 
  • Strong analytical skills and ability to summarize 
  • Team working skills 

Technical Skills

 

  • Proficient use of MS Office (Excel, Word)  

Languages Skills

 

  • Fluent in English and French, any other language is an advantage
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