Securities Processing Officer

Purpose of the Job

Quintet Private Bank is a leading private bank; we are committed to our clients and their families, and pride ourselves on our personalised service based on a deep understanding of our clients’ needs and aspirations.  
We are a bank headquartered in Luxembourg, with branches in Belgium, Denmark, Germany, Netherlands and a subsidiary in the UK 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 Security Processing Officer is responsible for ensuring accurate and timely processing and settlement of financial transactions including securities, precious metals, and cash while maintaining regulatory compliance and minimizing operational risk.

Key Accountabilities

• Participates in all activities related to the processing and settlement of securities operations with third party broker, our Execution desk    
• Ensure timely matching and confirmation of trades with counterparties and custodians
• Ensure the accuracy, timeliness and completeness of all transactions, monitor trading activity on the various OMS  used within the bank (manual interventions, updates, cancellation , follow up of dashboards, validations, reco), the follow-up of the payment subscription, the reimbursements. Monitor foreign exchange operations linked to  securities transactions                                
• Follow up of failed transactions, liaise with custodians, counterparties, to resolve settlement issues and ensure smooth transaction flow and justify all pending trades                        
• Establish good contacts with other departments that play a role in the securities lifecycle: front and middle offices, corporate actions and income departments, tax department                    
• Identify and escalate risks or operational issues            
• Reconcile positions in case of breaks by identifying discrepancies between internal and external records, investigating root causes, and ensuring timely resolution to maintain data integrity and minimize operational risk.   
• Management of the securities database depending on the working entity    
• Contribute to process improvements and operational efficiency        
• Versatility to reinforce teams within the whole Securities Pillar during high activity periods    

Knowledge and Experience

• Higher Education (University / Bachelor)                
• At least 3 years experiece in a similar role

Attributes and Qualities

• Client-Centric Mindset                            
• Communication (Verbal & Written)                    
• Collaborative Teamwork                            
• Adaptability & Learning Agility                        
• Critical Thinking & Problem Solving

Technical Skills

• Knowledge of financial instruments (equities, bonds, funds, (reverse) convertibles, derivatives, forwards, ...)                
• Knowledge of market rules and local CSDs.                
• Familiarity with settlement systems (Clearstream, Allfunds..)        
• Knowledge of financial data platforms/providers (Bloomberg, Six-Telekurs,…)                                
• Knowledge of Swift

Languages Skills

• Fluent in English