Banking Specialist - OTC Derivatives processing

Avaloq; Ticino; Hybrid; CHF 110,000 - 170,000; Full time

Benefits offered by this job

Hybrid and flexible working

Job summary

Avaloq, headquartered in Switzerland, seeks a professional for the OTC Derivatives Team within Banking Operations. You will handle processing and lifecycle management of OTC equity and FX derivatives, ensuring accuracy and adherence to SLAs and controls.

The role requires back-office experience, strong MS Office skills, and fluency in English and Italian. A hybrid work setup is available across Avaloq offices globally, reflecting our flexible culture and commitment to work-life balance.

Qualifications

• Experience in back-office order processing and trade support.
• Excellent time management and attention to detail.
• Fluent English and Italian with strong written and spoken communication.

Responsibilities

• Timely and accurate processing of OTC equity and FX derivative products and related instruments.
• Prompt follow-up with relevant parties to resolve trade discrepancies.
• Investigating and resolving outstanding break items (cash and position reconciliation).
• Ensuring delivery against SLAs and KPIs to mitigate risks.
• Escalating operational risks and supporting process improvements.
• Participating in user acceptance testing when required.

Skills

Back-office order processing

Time management

Attention to detail

Strong communication

English and Italian proficiency

Tools

Microsoft Office Suite

Avaloq system

Job 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.

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.

Your key tasks

• 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

• 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

It would be a real bonus if you have

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

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.