Fund Execution Officer

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. We are a bank headquartered in Luxembourg and supervised by the ECB with an ambition to stay true to our purpose to be the most trusted fiduciary of family wealth. When you join Quintet you are joining a company that values diversity of background, equal access to opportunities, career development, collaboration and inclusiveness. We want our employees to feel proud of being part of a company that is committed to do the right thing. You will have the opportunity to grow your career while developing personally and professionally through various resources and programmes.


The successful candidate will work as part of the Funds Execution Desk in Markets Execution.


The Markets Execution Desks collect orders in equities, bonds, derivatives, funds, Limited partnership and structured products from in-house account managers and branches, ALM, institutional customers and professionals.  Markets Execution Desks execute and handle these transactions to maximise customer satisfaction and to respect the Bank's best execution policy.   


Markets Execution Desks also supervise the straight through processing flow to Counterparts, Brokers and Transfer agents and assure the follow up of all pending orders or other market events. Markets Execution Desks build and follow up relationships with Brokers, counterparts and transfer agents’ network in order to guaranty access to all main markets of the world or the largest securities panel at competitive conditions. 

Key Accountabilities


  • Collect orders in funds & Limited partnership from in-house account managers and branches, institutional customers and professionals and input them in our OMS   
  • Execute and handle transactions in Funds and Limited Partnership for clients in custody 
  • Sending orders through Swift, Fax, Calastone or Mail  
  • Perform all fund documentation (subscription form, redemption form) and keep track legal and compliance rules and conditions whilst filling the documentation 
  • For prepayment Funds, setup Settlement standard instructions and generate the prepayment. 
  • Assure the follow up of transactions by claiming acknowledgement to Transfer agents, claiming for confirmations and booking the client's instructions, the execution conditions. 
  • Supervises the straight through processing flow to Transfer agents and assure the follow up of all pending orders. 
  • Be the point of contact for Institutional and Professional customers in terms of Funds execution matter. 
  • Achieve Best & Timely Execution 1LoD controls for Markets Execution (Funds) in collaboration with Compliance

Knowledge and Experience


  • University degree or equivalent experience 
  • At least 5 years of relevant experience in banking activities 
  • Strong understanding of Funds universe and involved risks. 
  • Good understanding of Luxembourg banking/financial legislation/regulations/ taxes, and settlement processes 
  • Good understanding of electronic means of communication 

Attributes and Qualities


  • Open-mindedness
  • good communication skills (oral as well as written) & commercial Attitude 
  • Ability to withstand high stress situations, fast-paced environment and understand complex financial market conditions and instruments 
  • Result driven and rigorous in approach 
  • Team player
  • ability to work without constant supervision
  • Ability to work to deadlines 
  • Self-confident, motivated & reliable

Technical Skills


  • Proficient use of MS Office, Allfunds platform, Vestima Prime, LO Platform 

Languages Skills


  • Fluent in French and English 
  • All other language will be considered as an advantage
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