Funds Operations - Graduate Opportunities

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.

Successful candidates 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 position offers a structured training programme where our On-boarding and Training team host a classroom style overview and training of the Investment Funds industry. 

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 Responsibilities
As an analyst, you  will work as part of a team dedicate to key activities in the trade lifecycle. You will get exposure and experience in key client facing tasks as well as working with some of our largest Clients within the Client Team and be responsible for the following activities:

• Trade and transfer placement and settlement
• Investigation and application of cash proceeds to client account
• Monitoring and follow up of client order to ensure timely settlement
• Corporate Action execution and settlement
• Investigation of reconciliation breaks
• Provide and drive service excellence in all interactions with our Client 
• Be risk aware and take all steps necessary to minimise errors including fully complying with existing procedures and staying aware of procedure changes
• Escalate and advise any relevant issues to management as necessary
• Liaise and interact with internal departments, fund administrators and third parties as necessary
• Have a continuous improvement mindset; we welcome feedback to seek out and implement new and better ways of automating and streamlining processes within the team
• Assist in project work where required
• Live the company culture which values the importance of our People, Customers, Results and our external Community

  
Your Profile 

• A minimum of 1 year's experience in a relatable industry
• Strong ability and experience of multi-tasking and adapting well to change
• 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 
• Good interpersonal skills, working well independently and in a team environment
• Excellent accuracy and attention to detail
• Excellent communication skills, both verbal and written
• Work as a part of a diverse and friendly team atmosphere
• Taking on responsibility and delivering
• Good problem solving skills and initiative
• Good communication skills
• Organisation skills
• Expertise/willingness to learn the key aspects of the funds industry 
• Dedication, team and communication skills, flexibility as well as competent handling of MS Office applications round of your profile. There are numerous good reasons to work for us: responsibility at an early stage, hybrid working model, attractive benefits, an international working environment and a broad variety of career opportunities.

 
NOTE:  This job description is not intended to be all-inclusive. Employees may perform other related duties to meet the ongoing needs of the organisation.  
Company Culture Cork
Our PEOPLE, our focus on RESULTS and Our Commitment to Our CUSTOMERS and COMMUNITY drives Our success.   Candidates must demonstrate an ability to understand and apply these four key elements [the building blocks] that shape our culture at Clearstream Cork - People, Customers, Results and Community.