Fund Operations - Intern

Clearstream is a leading European supplier of post-trading services. The wholly owned subsidiary of Deutsche Börse ensures that cash and securities are promptly and effectively delivered between trading parties. It also manages, safekeeps and administers the securities that it holds on behalf of its customers. Over 300,000 domestic and internationally traded bonds, equities and investment funds are currently deposited with Clearstream.
 
Your Responsibilities

Successful Interns will join our Client Facing Teams which through our custodial services, provide our Institutional and Global Custodian Clients a custody solution combining order execution, settlement, reconciliation, account management, reporting and asset servicing for products in the alternative and mutual fund market. 
 
Our Intern Programme offers a structured training programme where our On-boarding and Training team host a classroom style overview and training of the Investment Funds industry. Our Interns receive the same responsibility and training investment as all our staff.
  
Client Team Summary 

The Client Teams are responsible for Investment Fund order execution with the relevant market counterparty. Given the importance and responsibility associated to this function a strong attention to detail is required along with good organisational skills to ensure that all fund deadlines are met. Client Teams are also responsible for instructing all necessary payments following the execution of a transaction. If the Client instructs to deliver or receive shares free of payment from a counterparty, we liaise with other financial institutions to complete all necessary paperwork and submit to the transfer agent.
 
The completion of documentation and booking of cash needs to meet all compliance and regulatory requirements and all team members are responsible for achieving this; risk awareness is key in all we do.
 
We also work to timely transaction settlement in the market. The teams’ responsibility also includes reconciliation of our client’s portfolios, ensuring that our system of record is consistent with the positions held by the client in the market. In the event of a mandatory fund driven event or corporate action, we process these on our clients’ accounts also. As the teams are client facing and deal directly with the CLient’s day-to-day queries with respect to their accounts and pending orders, good communication skills, both written and verbal are required.
 
 
Your Profile

• An interest in learning about the funds industry
• Currently studying for a third level qualification in Business or Finance related area
• Previous experience in dealing with Customers/Clients
• Be risk aware and take all steps necessary to minimise errors
• Proficient with MS Office Excel and Word
• Strong ability and experience of multi-tasking
• Proactive with strong organisational skills and the ability to work on own initiative
• Ability to work under pressure to meet deadlines
• Excellent problem solving skills
• Excellent interpersonal skills, working well independently and in a team environment
• Excellent accuracy and attention to detail
• Excellent communication skills, both verbal and written

 
NOTE:  This job description is not intended to be all-inclusive.  Successful Interns may perform other related duties to meet the ongoing needs of the organization.
 
Testimonials from previous interns
 
“When I first began working here, I was in training for three weeks with other interns and new starters. I found these weeks in training very useful as it gave me a chance to become proficient in my role before joining my team on the floor.  As well as this, it offered me a chance to get to know other new starters who were all in the same position as me.”
 
“I started working on a Client Team in Transfers, where my role was tracing.  This essentially involved communicating with both transfer agents and clients to ensure that all was in order with the transfer, so we could receive a contract note.  After a few weeks on the floor, I trained in contract note match/mismatch.  At the beginning of August, I moved to a different function within my team, Fund Ops.  By moving roles within my team, I feel that I have had a varied experience of what it is like to work on a client team.”
 
“I really enjoyed my experience working in Clearstream.  I instantly felt welcome and part of the Clearstream team.  There is a very open atmosphere within the teams, and so I always felt comfortable asking for help when I needed it.  As well as this, I felt that I was trusted and given responsibility when it came to my work.  I always felt that I was a valuable member of the team and that my input was valued.”
 
“For any Intern who is to work here in future I would recommend that when they join their team they throw themselves at their work and look to learn as much as they can. In my experience my team members were very receptive to my interest and willingness to learn. This in turn led to me being given more responsibility. If the team was looking for something urgently, Managers and other members of the team looked to me to help as they knew they could trust my contribution.”